Transaction in Own Shares
Shell plc Announces Share Purchase
On 19 September 2024, Shell plc (the ‘Company’) made significant purchases of its own shares, with the intention of cancelling them. The Company acquired a total of 1,296,515 shares on this date, with the majority being traded on the London Stock Exchange (LSE) and Euronext Amsterdam (XAMS). The prices paid for these shares ranged from £25.7950 to £26.0050 on the LSE, and from €30.9200 to €31.1900 on XAMS.
Aggregated Information on Shares Purchased
Date of purchase: 19/09/2024
Number of Shares purchased: 710,831
Highest price paid: £26.0050
Lowest price paid: £25.7950
Volume weighted average price paid per share: £25.8998
Trading venue: LSE
Currency: GBP
The remaining shares were purchased on Chi-X (CXE) and BATS (BXE) for GBP, and CBOE DXE and TQEX for EUR. These transactions are part of the Company’s ongoing share buy-back programme, which was initiated on 1 August 2024.
Effect on Individuals
This share buyback by Shell plc may have a positive impact on individual shareholders. The reduction in the number of outstanding shares could lead to an increase in the value of each remaining share due to the improved earnings per share ratio. This could potentially result in higher returns for investors who hold onto their shares.
Effect on the World
The share buyback by Shell plc could have broader implications for the global economy. By reducing the number of outstanding shares, the Company may be signaling to investors that it believes its stock is undervalued. This vote of confidence could inspire more investors to buy Shell shares, thereby increasing demand and potentially driving up stock prices in the energy sector as a whole.
Conclusion
Overall, Shell plc’s recent share purchases for cancellation demonstrate the Company’s commitment to optimizing its capital structure and returning value to shareholders. By strategically managing its share buy-back programme, Shell is positioning itself for future growth and profitability in the dynamic global market.
