Transaction in Own Shares 03 December, 2024

Shell plc Share Buy-back Program

Shell plc (the ‘Company’) announced on 03 December 2024 that it purchased a significant number of Shares for cancellation as part of its share buy-back program. The Company bought a total of 835,000 shares on the London Stock Exchange (LSE) at prices ranging from £25.2700 to £25.6950 per share, with a volume weighted average price of £25.5497 per share. Additionally, 550,000 shares were purchased on the Amsterdam Stock Exchange (XAMS) in euros.

Share Buy-back Program Details

These share purchases are part of the on- and off-market limbs of the Company’s existing share buy-back program, which was initially announced on 31 October 2024. The program aims to improve the Company’s capital efficiency and return excess cash to shareholders.

How This Will Affect You

As a shareholder of Shell plc, the share buy-back program may positively impact you by potentially increasing the value of your remaining shares. With fewer shares outstanding, each remaining share represents a larger portion of the company, potentially leading to higher earnings per share and dividends for shareholders.

How This Will Affect the World

The share buy-back program can also have broader implications for the global economy. By reducing the number of outstanding shares, Shell plc is signaling to investors and the market that it believes its shares are undervalued. This can boost investor confidence in the company and lead to a positive impact on the stock market as a whole.

Conclusion

In conclusion, Shell plc’s share buy-back program on 03 December 2024 is a strategic move aimed at enhancing shareholder value and improving the company’s financial performance. As a shareholder, you may benefit from a potential increase in share value, while the global market may see a boost in confidence and stability. Overall, this transaction reflects Shell plc’s commitment to creating value for its shareholders and maintaining a strong position in the market.