Transaction in Own Shares

03 October, 2024

Shell plc (the ‘Company’) announces that on 03 October 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue:

Date of purchase

03/10/2024

Number of Shares purchased

625,000

Highest price paid

£25.6850

Lowest price paid

£25.2800

Volume weighted average price paid per share

£25.4756

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.

Stock buybacks can have various implications for both individual investors and the broader market. When a company repurchases its own shares, it reduces the number of shares outstanding, which can increase the value of each remaining share. This can benefit shareholders as it may lead to a rise in the stock price. However, it can also indicate that the company may not have better investment opportunities for the cash it holds, which could be a concern for investors.

From a global perspective, stock buybacks can impact the overall economy. By reducing the number of shares available in the market, buybacks can artificially inflate stock prices, potentially leading to market distortions. This can affect market dynamics and investor sentiment, influencing overall market stability.

Conclusion

Transaction in own shares can have both positive and negative repercussions for investors and the market as a whole. It is essential for investors to carefully evaluate the reasons behind a company’s decision to repurchase its shares and consider how it may impact their investment strategy in the long run.