Transaction in Own Shares 12 September, 2024
Shell plc Buyback Announcement
September 12, 2024
Shell plc (the ‘Company’) announced on 12 September 2024 that it purchased a significant number of its own shares for cancellation. The aggregated information on shares purchased according to trading venue is as follows:
| Date of purchase | Number of Shares purchased | Highest price paid | Lowest price paid | Volume weighted average price paid per share | Venue | Currency |
|---|---|---|---|---|---|---|
| 12/09/2024 | 867,504 | £25.5400 | £25.1100 | £25.2714 | LSE | GBP |
| 12/09/2024 | – | £0.0000 | £0.0000 | £0.0000 | Chi-X (CXE) | GBP |
| 12/09/2024 | – | £0.0000 | £0.0000 | £0.0000 | BATS (BXE) | GBP |
| 12/09/2024 | 846,295 | €30.5550 | €29.9750 | €30.2120 | XAMS | EUR |
| 12/09/2024 | – | €0.0000 | €0.0000 | €0.0000 | CBOE DXE | EUR |
| 12/09/2024 | – | €0.0000 | €0.0000 | €0.0000 | TQEX | EUR |
These share purchases form part of the Company’s existing share buy-back program announced on 1 August 2024. By buying back its own shares, the company is effectively reducing the number of outstanding shares in the market, which can have various effects on shareholders, market dynamics, and the company’s financial position.
Impact on Me
As a shareholder of Shell plc, the buyback of shares can potentially increase the value of the remaining shares held by me. With fewer shares outstanding, the ownership stake in the company becomes more significant, potentially leading to higher earnings per share and a higher stock price.
Impact on the World
The buyback of shares by Shell plc can have broader implications on the global financial markets. It can indicate that the company believes its shares are undervalued and can be seen as a signal of confidence in the company’s future prospects. Additionally, share buybacks can boost shareholder value and enhance overall market sentiment.
Conclusion
Shell plc’s recent buyback of shares is a strategic move that can benefit both the company and its shareholders. By reducing the number of outstanding shares, the company aims to enhance shareholder value and signal confidence in its future performance. The impact of this buyback will be felt both at the individual shareholder level and in the broader financial markets.
