Transaction in Own Shares 30 September, 2024
Shell plc Announcement
Shell plc (the ‘Company’) announces that on 30 September 2024 it purchased the following number of Shares for cancellation.
Aggregated information on Shares purchased according to trading venue:
Date of purchase: 30/09/2024
Number of Shares purchased: 905,670
Highest price paid: £24.5350
Lowest price paid: £24.1900
Volume weighted average price paid per share: £24.3210
Venue: LSE
Currency: GBP
Date of purchase: 30/09/2024
Number of Shares purchased: 870,650
Highest price paid: €29.7950
Lowest price paid: €29.3550
Volume weighted average price paid per share: €29.5325
Venue: XAMS
Currency: EUR
These share purchases form part of the on- and off-market limbs of the Company’s existing share buy-back program previously announced on 1 August 2024.
Shell plc is a prossionally, educated, profit-focused, and intense company that is actively involved in managing its own shares to optimize its financial position. Share buybacks can be a strategic move for companies to return value to shareholders, boost stock prices, and signal confidence in the company’s future growth prospects.
How will this affect me?
As a shareholder of Shell plc, the share buyback program may positively impact you by potentially increasing the value of your shares. By reducing the number of outstanding shares in the market, the company can drive up the stock price, benefiting existing shareholders like yourself.
How will this affect the world?
From a broader perspective, Shell plc’s share buyback program may have implications for the global financial markets. Such actions by large corporations can influence investor confidence, market trends, and overall economic stability. The company’s decision to repurchase its own shares may send signals to other market players about its financial strength and outlook, thus impacting investment decisions on a larger scale.
Conclusion
In conclusion, Shell plc’s transaction in its own shares on 30 September 2024 reflects the company’s strategic financial management approach aimed at creating value for its shareholders and maintaining a competitive edge in the market. While the immediate effects may benefit shareholders and potentially impact the global financial landscape, the long-term implications will depend on how the company continues to execute its business strategies and navigate the ever-evolving market dynamics.
