Transaction in Own Shares 06 September, 2024

Shell plc (the ‘Company’) announces that on 06 September 2024 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase

06/09/2024

Number of Shares purchased

855,000

Highest price paid

£25.5900

Lowest price paid

£25.2150

Volume weighted average price paid per share

£25.3985

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.

When a company decides to buy back its own shares, it can have various implications for shareholders, the company itself, and the broader market. Share buybacks can be seen as a signal that the company believes its shares are undervalued, which may boost investor confidence. However, it can also reduce the number of shares outstanding, potentially increasing the value of each remaining share.

How it will affect me:

As a shareholder of Shell plc, the share buyback program could potentially benefit you by increasing the value of your shares. However, it’s important to consider the reasons behind the buyback and the company’s overall financial health before making any decisions about your investment.

How it will affect the world:

On a broader scale, share buybacks by large companies like Shell plc can impact the stock market as a whole. They may influence market sentiment and pricing, contributing to overall market trends. This can have ripple effects on the global economy and financial markets.

Conclusion:

Overall, the announcement of Shell plc’s share buyback program on 06 September, 2024 signals the company’s confidence in its own valuation and may have implications for both individual shareholders and the broader financial landscape. It will be interesting to see how this decision plays out in the coming months.