Transaction in Own Shares 23 October, 2024

Shell plc Announces Share Purchase

Shell plc (the ‘Company’) announces that on 23 October 2024 it purchased the following number of Shares for cancellation.

Aggregated Information on Shares Purchased:

Date of purchase: 23/10/2024

Number of Shares purchased: 944,000

Highest price paid: £25.6200

Lowest price paid: £25.3750

Volume weighted average price paid per share: £25.4845

Trading venues:

• LSE – Currency: GBP
• Chi-X (CXE) – Currency: GBP
• BATS (BXE) – Currency: GBP
• XAMS – Currency: EUR
• CBOE DXE – Currency: EUR
• TQEX – 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 1 August 2024.

Shell plc’s decision to purchase shares for cancellation indicates a strategic move to optimize the company’s capital structure and enhance shareholder value. By reducing the number of outstanding shares in the market, the company may be aiming to increase the earnings per share for existing shareholders, leading to potential stock price appreciation over time.

Effects on Me

As a shareholder of Shell plc, the share buy-back program could positively impact me in a few ways. With a lower number of shares outstanding, the company’s earnings per share may increase, potentially boosting the value of my investment. Additionally, the decision to cancel shares demonstrates the company’s confidence in its financial position, which could reflect positively on the stock’s performance in the future.

Effects on the World

On a larger scale, Shell plc’s share buy-back program could have broader implications for the financial markets. The move may signal to investors and market participants that the company is committed to returning value to shareholders and has a strong belief in its future prospects. This could lead to increased investor confidence in the company and potentially impact the overall sentiment towards the energy sector as a whole.

Conclusion

Overall, Shell plc’s transaction in own shares on 23 October, 2024 reflects a strategic decision aimed at enhancing shareholder value and optimizing the company’s capital structure. The effects of this share buy-back program may benefit individual shareholders like myself, as well as have wider implications for the financial markets and the energy sector. It will be interesting to see how these actions play out in the coming months and how they impact the company’s performance and stock price.