Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has announced its latest share buyback activity on April 1, 2025, as part of its ongoing repurchase programme announced on January 30, 2025. The company purchased a total of 2,027,891 shares across multiple venues:

• LSE: 866,374 shares at £28.04 VWAP
• Chi-X: 147,938 shares at £28.03 VWAP
• BATS: 224,040 shares at £28.02 VWAP
• XAMS: 676,169 shares at €33.71 VWAP
• CBOE DXE: 113,370 shares at €33.64 VWAP

The buyback program, managed independently by Natixis, will continue until April 25, 2025, operating through both on-market and off-market mechanisms in compliance with UK Listing Rules and Market Abuse Regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Multi-venue purchase strategy ensures efficient price execution and market liquidity

Negative

• None.

Insights

Financial Analyst

Shell's latest buyback activity shows continuing commitment to its previously announced share repurchase program. On April 1, the company purchased approximately 2.03 million shares across multiple European exchanges at a total estimated value of £57 million (based on weighted average prices).

This latest round of repurchases is part of Shell's broader capital return strategy announced on January 30, 2025. The execution follows standard regulatory frameworks with Natixis handling the trading decisions independently until April 25, 2025.

These buybacks reflect Shell's continued focus on returning capital to shareholders while reducing total shares outstanding - a positive for earnings per share metrics. The company is executing across both on-market and off-market mechanisms, indicating flexibility in their repurchase approach.

For context, this single-day purchase represents less than 0.1% of Shell's outstanding shares. However, the cumulative effect of the ongoing buyback program increases the ownership stake of remaining shareholders while indicating management's confidence in the company's financial position and underlying value.

The transaction demonstrates Shell's continued discipline in capital allocation following strong cash flow generation in recent periods, typical of major energy companies maintaining balanced shareholder return programs through dividends and buybacks.

Transaction in Own Shares

01 April, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 01 April 2025 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
01/04/2025	866,374	£ 28.4000	£ 27.9000	£ 28.0405	LSE	GBP
01/04/2025	147,938	£ 28.3550	£ 27.9100	£ 28.0276	Chi-X (CXE)	GBP
01/04/2025	224,040	£ 28.3500	£ 27.8950	£ 28.0150	BATS (BXE)	GBP
01/04/2025	676,169	€ 34.1250	€ 33.5150	€ 33.7133	XAMS	EUR
01/04/2025	113,370	€ 33.7500	€ 33.5250	€ 33.6437	CBOE DXE	EUR
01/04/2025	0	-	-	-	TQEX	EUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 30 January 2025.

In respect of this programme, Natixis will make trading decisions in relation to the securities independently of the Company for a period from 30 January 2025 up to and including 25 April 2025.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with  Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by Natixis on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• Shell plc Share Buyback RNS_04.01.2025

FAQ

How many shares did Shell (SHEL) purchase on April 1, 2025?

Shell purchased 2,027,891 shares across various trading venues including LSE, Chi-X, BATS, XAMS, and CBOE DXE.

What is the duration of Shell's (SHEL) current share buyback program?

The program runs from January 30, 2025, to April 25, 2025, managed by Natixis.

What was the highest price paid per share for SHEL stock during the April 1 buyback?

The highest price paid was £28.40 on the London Stock Exchange (LSE).

Which trading venues did Shell (SHEL) use for its April 1, 2025 share buyback?

Shell purchased shares on LSE, Chi-X (CXE), BATS (BXE), XAMS, and CBOE DXE venues.