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Transaction in Own Shares

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Shell plc (SHEL) has executed a significant share buyback operation on April 23, 2025, as part of its previously announced buyback programme. The company purchased a total of 1.45 million shares across multiple venues:

- 900,000 shares on UK venues (LSE, Chi-X, BATS) at prices ranging from £24.26 to £25.09

- 550,000 shares on European venues (XAMS, CBOE DXE) at prices ranging from €28.51 to €29.42

The purchases are part of both on-market and off-market components of Shell's buyback programme announced on January 30, 2025. Natixis is executing the trades independently until April 25, 2025, operating within pre-set parameters and in accordance with regulatory requirements including UK Listing Rules and Market Abuse Regulations.

Shell plc (SHEL) ha effettuato un'importante operazione di riacquisto di azioni il 23 aprile 2025, nell'ambito del programma di buyback precedentemente annunciato. La società ha acquistato un totale di 1,45 milioni di azioni su diversi mercati:

- 900.000 azioni sui mercati del Regno Unito (LSE, Chi-X, BATS) a prezzi compresi tra £24,26 e £25,09

- 550.000 azioni sui mercati europei (XAMS, CBOE DXE) a prezzi compresi tra €28,51 e €29,42

Gli acquisti fanno parte sia della componente on-market che off-market del programma di riacquisto di Shell annunciato il 30 gennaio 2025. Natixis esegue le operazioni in modo indipendente fino al 25 aprile 2025, operando entro parametri predefiniti e nel rispetto delle normative, incluse le UK Listing Rules e il Market Abuse Regulation.

Shell plc (SHEL) llevó a cabo una importante operación de recompra de acciones el 23 de abril de 2025, como parte de su programa de recompra previamente anunciado. La compañía adquirió un total de 1,45 millones de acciones en varios mercados:

- 900.000 acciones en mercados del Reino Unido (LSE, Chi-X, BATS) a precios que oscilaron entre £24,26 y £25,09

- 550.000 acciones en mercados europeos (XAMS, CBOE DXE) a precios entre €28,51 y €29,42

Las compras forman parte de las componentes on-market y off-market del programa de recompra de Shell anunciado el 30 de enero de 2025. Natixis ejecuta las operaciones de forma independiente hasta el 25 de abril de 2025, operando dentro de parámetros preestablecidos y conforme a los requisitos regulatorios, incluyendo las UK Listing Rules y el Market Abuse Regulation.

Shell plc (SHEL)는 2025년 4월 23일, 이전에 발표한 자사주 매입 프로그램의 일환으로 대규모 자사주 매입을 실시했습니다. 회사는 여러 거래소에서 총 145만 주를 매입했습니다:

- 영국 거래소(LSE, Chi-X, BATS)에서 90만 주를 주당 £24.26에서 £25.09 사이 가격에 매입

- 유럽 거래소(XAMS, CBOE DXE)에서 55만 주를 주당 €28.51에서 €29.42 사이 가격에 매입

이번 매입은 2025년 1월 30일 발표된 Shell의 온마켓 및 오프마켓 자사주 매입 프로그램의 일부입니다. Natixis는 2025년 4월 25일까지 독립적으로 거래를 실행하며, 사전에 설정된 기준과 영국 상장 규칙(UK Listing Rules), 시장 남용 규정(Market Abuse Regulations)을 준수합니다.

Shell plc (SHEL) a réalisé une opération importante de rachat d’actions le 23 avril 2025, dans le cadre de son programme de rachat précédemment annoncé. La société a acquis un total de 1,45 million d’actions sur plusieurs places :

- 900 000 actions sur les places britanniques (LSE, Chi-X, BATS) à des prix allant de £24,26 à £25,09

- 550 000 actions sur les places européennes (XAMS, CBOE DXE) à des prix allant de 28,51 € à 29,42 €

Ces achats font partie des volets on-market et off-market du programme de rachat de Shell annoncé le 30 janvier 2025. Natixis exécute les transactions de manière indépendante jusqu’au 25 avril 2025, en respectant des paramètres prédéfinis et les exigences réglementaires, notamment les UK Listing Rules et le Market Abuse Regulation.

Shell plc (SHEL) hat am 23. April 2025 eine bedeutende Aktienrückkaufaktion im Rahmen seines zuvor angekündigten Rückkaufprogramms durchgeführt. Das Unternehmen erwarb insgesamt 1,45 Millionen Aktien an verschiedenen Börsen:

- 900.000 Aktien an britischen Handelsplätzen (LSE, Chi-X, BATS) zu Preisen zwischen £24,26 und £25,09

- 550.000 Aktien an europäischen Handelsplätzen (XAMS, CBOE DXE) zu Preisen zwischen €28,51 und €29,42

Die Käufe sind Teil der On-Market- und Off-Market-Komponenten des von Shell am 30. Januar 2025 angekündigten Rückkaufprogramms. Natixis führt die Trades bis zum 25. April 2025 eigenständig aus, innerhalb vorgegebener Parameter und unter Einhaltung der regulatorischen Anforderungen, einschließlich der UK Listing Rules und der Market Abuse Regulations.

Positive
  • Executing substantial share buyback program across multiple markets, potentially supporting share price
  • Structured program with clear timeline and regulatory compliance
  • Independent execution by Natixis ensures market integrity
Negative
  • None.

Insights

Shell continues its scheduled share buyback program, repurchasing 1.45 million shares worth approximately $45 million on April 23rd.

Shell plc has executed another round of share repurchases as part of its previously announced buyback program, acquiring 1.45 million shares across multiple trading venues on April 23, 2025. Breaking down the purchases, Shell bought 900,000 shares across London Stock Exchange and related platforms at prices ranging from £24.26 to £25.09 per share, with volume-weighted average prices between £24.61 and £24.70. Additionally, the company purchased 550,000 shares on European exchanges at prices between €28.51 and €29.42, with volume-weighted average prices of €28.97 to €29.03.

This buyback activity represents the continuing implementation of Shell's share repurchase program announced on January 30, 2025. The current phase is scheduled to conclude very soon - on April 25, 2025, just two days after these reported purchases. As specified in the announcement, Natixis is executing these trades independently within pre-determined parameters set by Shell.

The repurchase program operates through both on-market and off-market mechanisms, with on-market purchases executed within the company's general repurchase authority and pre-set parameters. These transactions comply with regulatory requirements including UK Listing Rules, Market Abuse Regulation provisions, and related delegated regulations that govern share buyback programs.

For context, the 1.45 million shares repurchased on this single day represent a modest fraction of Shell's total market capitalization of $186.2 billion. Share buybacks typically reduce the number of outstanding shares, which mathematically increases each remaining shareholder's proportional ownership in the company.

Transaction in Own Shares

23 April, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 23 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
23/04/2025 600,000  £ 25.0850  £ 24.2650  £ 24.6127 LSE GBP
23/04/2025 150,000  £ 25.0900  £ 24.2600  £ 24.6954 Chi-X (CXE) GBP
23/04/2025 150,000  £ 25.0900  £ 24.2800  £ 24.7021 BATS (BXE) GBP
23/04/2025 400,000  € 29.4250  € 28.5100  € 28.9666 XAMS EUR
23/04/2025 150,000  € 29.4150  € 28.5250  € 29.0348 CBOE DXE EUR
23/04/2025 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


FAQ

How many shares did Shell (SHEL) purchase on April 23, 2025?

Shell purchased 1.45 million shares total: 900,000 shares across UK venues and 550,000 shares on European venues.

What is the price range for Shell's (SHEL) share buyback on April 23, 2025?

In UK markets, prices ranged from £24.26 to £25.09, while in European markets, prices ranged from €28.51 to €29.42.

When will Shell's (SHEL) current share buyback program end?

The current buyback program, managed by Natixis, will run until April 25, 2025.

Which trading venues did Shell (SHEL) use for its share buyback?

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