Transaction in Own Shares 07 October, 2024
Shell plc (the ‘Company’)
Details of Share Purchases
On 07 October 2024, Shell plc announced that it purchased a total of 1,170,000 shares for cancellation. The shares were bought at various prices on different trading venues, as follows:
Date of Purchase: 07/10/2024
Number of Shares Purchased: 630,000
Highest Price Paid: £26.4150
Lowest Price Paid: £25.8100
Volume Weighted Average Price Paid Per Share: £26.1905
Venue: London Stock Exchange (LSE)
Currency: GBP
In addition, shares were also purchased on other trading venues such as Chi-X (CXE) and BATS (BXE) for GBP, as well as XAMS, CBOE DXE, and TQEX for EUR.
These share purchases are part of Shell’s ongoing share buy-back program which was originally announced on 1 August 2024.
Effects on Individuals
As an individual shareholder, the cancellation of shares may lead to an increase in the value of your remaining shares. This can potentially result in higher dividends and overall returns on your investment in Shell.
Effects on the World
On a global scale, Shell’s decision to buy back shares can have various implications. It may signal to the market that the company believes its shares are undervalued, which could potentially boost investor confidence in the energy sector. Additionally, by reducing the number of outstanding shares, Shell may be able to improve its financial ratios and increase earnings per share.
Conclusion
Overall, Shell’s recent transaction in own shares reflects the company’s strategic approach to capital management. By repurchasing shares at favorable prices, Shell aims to enhance shareholder value and strengthen its financial position in the market.
