Transaction in Own Shares 22 November, 2024
Shell plc Share Buy-back Programme Update
Hey there, fellow investors! Exciting news from Shell plc as they announce their recent buy-back of shares. On 22 November 2024, the Company purchased a significant number of Shares for cancellation. Let’s dive into the details of this transaction and how it may impact shareholders.
Aggregated Information on Shares Purchased
Date of purchase: 22/11/2024
Number of Shares purchased: 1,023,000
Highest price paid: £26.1800
Lowest price paid: £25.9300
Volume weighted average price paid per share: £26.0541
Shares were purchased on the London Stock Exchange (LSE) in GBP currency. In addition to the LSE, shares were also bought on Chi-X (CXE) and BATS (BXE) with no shares purchased on these venues.
Furthermore, Shell plc made share purchases in Euro currency on XAMS, CBOE DXE, and TQEX, with varying prices per share.
These transactions are part of the Company’s share buy-back programme initiated on 31 October 2024, demonstrating their commitment to returning value to shareholders.
How This Affects Me
As a shareholder of Shell plc, this buy-back of shares could potentially impact the value of my investment. By reducing the number of outstanding shares, the Company may increase earnings per share and ultimately drive up the stock price. This could result in a positive return for me as a shareholder.
How This Affects the World
On a larger scale, Shell plc’s buy-back of shares reflects their financial stability and confidence in their future growth prospects. This move could attract more investors and strengthen the overall market sentiment towards the Company. Additionally, it demonstrates Shell’s commitment to delivering long-term value to its stakeholders.
Conclusion
In conclusion, Shell plc’s recent transaction in own shares signifies a strategic move towards enhancing shareholder value and solidifying its position in the market. As investors, we can look forward to potential benefits from this buy-back programme, while also acknowledging the positive impact it may have on the wider financial landscape.
