Transaction in Own Shares 11 October, 2024

Shell plc Share Purchase Announcement

On 11 October 2024, Shell plc (the ‘Company’) disclosed that it had executed a purchase of a significant number of its own shares for the purpose of cancellation. The aggregated data on these shares were divided according to the trading venue, revealing the following details:

Aggregated Information on Shares Purchased:

Date of Purchase: 11/10/2024
Number of Shares Purchased: 816,000
Volume Weighted Average Price Paid per Share:
– LSE: £25.9815
– Chi-X (CXE): £0.0000
– BATS (BXE): £0.0000
– XAMS: €31.3426
– CBOE DXE: €0.0000
– TQEX: €0.0000

It is essential to note that these share acquisitions are a component of the on- and off-market segments of the Company’s existing share repurchase plan that was previously unveiled on 1 August 2024.

Impact on Individuals

For individual investors, the buy-back of shares by Shell plc may have repercussions on their investment strategy. The cancellation of shares might result in an increased demand for the remaining shares, potentially positively affecting their value.

Global Implications

At a broader scale, the share buy-backs by Shell plc could signal the company’s confidence in its financial health and future prospects. This move may also impact the overall stock market sentiment, especially within the energy sector.

Conclusion

Shell plc’s recent transaction in its own shares on 11 October, 2024 reflects the company’s strategic approach towards capital allocation and market position. The share buy-backs, segmented across various trading venues, signify a proactive measure taken by the Company to enhance shareholder value and assert its financial stability.