Transaction in Own Shares 16 September, 2024

Shell plc Announces Purchase of Shares

Shell plc (the ‘Company’) announces that on 16 September 2024 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase: 16/09/2024

Number of Shares purchased: 1,045,000

Highest price paid: £25.5950

Lowest price paid: £25.3550

Volume weighted average price paid per share: £25.4583

Venue: LSE

Currency: GBP

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.

Effect on Individuals

As an individual investor, this share buy-back program could potentially impact you in several ways. By reducing the number of outstanding shares, it may lead to an increase in the value of each share you hold. Additionally, it could signal to the market that the company believes its stock is undervalued, which may boost investor confidence.

Effect on the World

From a broader perspective, share buy-back programs like this one by Shell plc can have ripple effects in the global market. They can influence stock prices, market sentiment, and even impact the overall economy. As one of the largest companies in the world, Shell’s actions in the stock market can be closely watched by investors and analysts worldwide.

Conclusion

Overall, Shell plc’s purchase of shares for cancellation on 16 September 2024 is a strategic move that can have various implications for both individual investors and the global market. It will be interesting to see how this transaction plays out in the coming days and what the long-term effects will be.