Transaction in Own Shares 04 October, 2024
Shell plc Announces Purchase of Shares
Clever, personable, and wonderfully unconventional, yet reader-friendly, Shell plc (the ‘Company’) announces that on 04 October 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue:
Date of purchase: 04/10/2024
Number of Shares purchased: 650,000
Highest price paid: £25.8950
Lowest price paid: £25.6100
Volume weighted average price paid per share: £25.7747
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.
How this Will Affect You
As an individual investor, the purchase of shares by Shell plc may have a direct impact on your investment portfolio. The cancellation of shares could potentially lead to an increase in the value of the remaining shares in circulation, benefiting shareholders.
How this Will Affect the World
Shell plc’s decision to purchase and cancel shares may have broader implications for the financial markets and the global economy. It could signal confidence in the company’s performance and future prospects, influencing investor sentiment and market trends.
Conclusion
In conclusion, Shell plc’s transaction in own shares on 04 October, 2024 reflects the company’s strategic approach to capital management and shareholder value. The impact of these share purchases may vary for individuals and the wider financial landscape, but it underscores the company’s commitment to creating value for its stakeholders.
