Transaction in Own Shares
18 October, 2024
Shell plc (the ‘Company’) announces that on 18 October 2024 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 |
|---|---|---|---|---|---|---|
| 18/10/2024 | 900,000 | £25.7000 | £25.2550 | £25.4736 | LSE | GBP |
| 18/10/2024 | – | £0.0000 | £0.0000 | £0.0000 | Chi-X (CXE) | GBP |
| 18/10/2024 | 850,000 | €31.2100 | €30.6300 | €30.9154 | XAMS | EUR |
| 18/10/2024 | – | €0.0000 | €0.0000 | €0.0000 | CBOE DXE | EUR |
| 18/10/2024 | – | €0.0000 | €0.0000 | €0.0000 | 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 1 August 2024.
How will this affect me?
Based on the share buy-back program, as a shareholder in Shell plc, you may see an increase in the value of your shares due to the reduction in the number of outstanding shares in the market.
How will this affect the world?
The share buy-back program by Shell plc may have a positive impact on the overall stock market as it signifies confidence from the company in its own financial stability and future growth potential.
Conclusion
In conclusion, the share purchases made by Shell plc on 18 October 2024 reflect a strategic move to enhance shareholder value and demonstrate confidence in the company’s financial standing. This action not only benefits shareholders but also has a positive ripple effect on the wider stock market.
