Shell plc purchased 3,075,000 shares for cancellation on July 15, 2026, as part of its buy-back programme announced on May 7, 2026. The shares were acquired across three trading venues, with prices ranging from £31.3100 to £31.8650 per share. The total volume weighted average price paid was £31.6176 on the London Stock Exchange (LSE), £31.6148 on Chi-X (CXE), and £31.6341 on BATS (BXE).

Goldman Sachs International is making trading decisions independently of Shell plc for the programme, which runs from May 7, 2026, to July 24, 2026. The buy-back is conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU (EU MAR), as onshored into UK law. The programme operates under the Company's general authority to repurchase shares within pre-set parameters.

Share Purchase Details

The table below provides a breakdown of the shares purchased by venue:

Regulatory Compliance

The programme complies with EU MAR and UK MAR, including the Commission Delegated Regulation (EU) 2016/1052. The onshoring of EU MAR into UK law was effected through the European Union (Withdrawal) Act 2018, as amended by the European Union (Withdrawal Agreement) Act 2020, and the Financial Services Act, 2021. Relevant statutory instruments, such as The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310), also govern the buy-back.

Shell Overseas Investment B.V., a subsidiary of Shell plc, has agreed to sell 100% of Solenergi Power Private Limited, including the Sprng Energy group of companies, to Aditya Birla Renewables Limited (ABRen) for $1.8 billion. The transaction, which includes Sprng Energy’s operating assets, commercial contracts, and renewable energy portfolio, is expected to close by the end of 2026. The purchase price is subject to customary adjustments, including net debt and capital expenditure adjustments, and requires regulatory approvals and customary closing conditions.

Strategic Portfolio Adjustment

The sale aligns with the strategy Shell outlined at its Capital Markets Day in March 2025. Machteld de Haan, president of downstream, renewables and energy solutions at Shell, stated the agreement reflects the company's continued focus on adjusting its power business portfolio. Shell is prioritizing asset-backed trading, flexible generation, and disciplined project execution to deliver about 10% return on average capital employed by 2030.

Sprng Energy Asset Details

Sprng Energy supplies solar and wind power to electricity distribution companies across India. The portfolio totals 5.0 gigawatts-peak, consisting of 3.3 GWp of operating assets and 1.7 GWp of contracted capacity. All Sprng Energy employees will transfer to the new owner to ensure workforce continuity and operational reliability.

Buyer and Market Context

ABRen serves as the renewable energy platform for the Aditya Birla Group, with Global Infrastructure Partners, part of BlackRock, as a strategic investor. The company develops and operates solar, wind, hybrid, floating solar, and battery storage projects across India. Shell noted that India remains a key market where it operates an integrated liquefied natural gas value chain, alongside mobility and lubricants businesses.