Transaction in Own Shares 01 November, 2024
Shell plc Announces Share Purchase for Cancellation
Shell plc (the ‘Company’) announces that on 01 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue:
Date of purchase: 01/11/2024
Number of Shares purchased: 840,000
Highest price paid: £26.2400
Lowest price paid: £25.8350
Volume weighted average price paid per share: £25.9779
Venue: LSE, Currency: GBP
Date of purchase: 01/11/2024
Number of Shares purchased: 625,000
Highest price paid: €31.4500
Lowest price paid: €31.0400
Volume weighted average price paid per share: €31.2768
Venue: XAMS, Currency: 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 31 October 2024.
Impact on Individuals:
As an individual shareholder, the share buy-back program may lead to an increase in the value of your remaining shares due to a decrease in the total number of shares outstanding. This could potentially result in higher returns for you as a shareholder.
Impact on the World:
Shell plc’s share buy-back program could have broader implications for the global economy and financial markets. By reducing the number of shares in circulation, the company may be signaling confidence in its financial position and future prospects, which could positively impact investor sentiment and the overall market.
Conclusion:
Overall, Shell plc’s transaction in own shares on 01 November 2024 reflects the company’s strategic decision to optimize its capital structure and enhance shareholder value. While the immediate effects of the share buy-back program may benefit individual investors and contribute to positive market sentiment, the long-term implications on the world economy remain to be seen.
