Transaction in Own Shares 23 September, 2024
Shell plc (the ‘Company’) announces share purchases
On 23 September 2024, Shell plc announced that it purchased a significant number of its own shares for cancellation. The aggregated information on shares purchased on different trading venues is as follows:
London Stock Exchange (LSE)
Date of purchase: 23/09/2024
Number of Shares purchased: 900,000
Highest price paid: £25.9050
Lowest price paid: £25.6250
Volume weighted average price paid per share: £25.7559
Currency: GBP
Chi-X (CXE) and BATS (BXE)
No shares were purchased on these trading venues on 23/09/2024.
XAMS and CBOE DXE and TQEX
Date of purchase: 23/09/2024
Number of Shares purchased: 847,000
Highest price paid: €31.2950
Lowest price paid: €30.9050
Volume weighted average price paid per share: €31.0907
Currency: EUR
These share purchases are part of Shell’s existing share buy-back programme announced on 1 August 2024.
Now, let’s dive into how this news could potentially impact both individuals and the world at large.
How this news could impact you:
As a individual shareholder, the share buy-back programme can potentially increase the value of your remaining shares in Shell plc. With fewer shares outstanding, your stake in the company becomes relatively larger, which could lead to higher earnings per share and potentially increase the stock price.
How this news could impact the world:
On a broader scale, Shell’s share buy-back programme could have implications for the global financial market. Share buy-backs are often seen as a signal of confidence by the company in its own future performance. This can have a positive impact on investor sentiment, leading to increased market confidence and potentially driving up stock prices across the board.
Conclusion:
In conclusion, Shell plc’s recent share purchases as part of its buy-back programme are a significant move that could benefit both individual shareholders and have broader implications for the global financial market. It will be interesting to see how this decision plays out in the coming days and months.
