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Transaction in Own Shares 22 October, 2024
Shell plc (the ‘Company’) announces that on 22 October 2024 it purchased the following number of Shares for cancellation.
Aggregated information on Shares purchased according to trading venue:
Date of purchase Number of Shares purchased Highest price paid
Lowest price paid Volume weighted average price paid per share Venue Currency
22/10/2024 826,600 £25.7250 £25.3850 £25.5758 LSE GBP
22/10/2024 – £0.0000 £0.0000 £0.0000 Chi-X (CXE) GBP
22/10/2024 – £0.0000 £0.0000 £0.0000 BATS (BXE) GBP
22/10/2024 803,370 €31.1550 €30.7900 €30.9850 XAMS EUR
22/10/2024 – €0.0000 €0.0000 €0.0000 CBOE DXE EUR
22/10/2024 – €0.0000 €0.0000 €0.0000 TQEX EUR
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.
Shell plc’s recent transaction in their own shares highlights their commitment to optimizing their capital structure and returning value to their shareholders. By purchasing a significant number of shares for cancellation, the company is effectively reducing its outstanding share count and increasing the ownership stake of current shareholders. This move can potentially lead to an increase in earnings per share for existing investors and may signal to the market that the company’s management believes its stock is undervalued.
For individual investors, this action by Shell plc could have a positive impact on their investment. With a reduced number of shares in circulation, the earnings of the company will be distributed among fewer shares, potentially leading to a higher stock price. Additionally, the buy-back program may increase investor confidence in the company’s financial health and growth prospects, leading to potential long-term gains for shareholders.
On a broader scale, the buy-back program may also have implications for the world economy. By reducing the number of shares outstanding, Shell plc could be signaling to the market that they believe their stock is undervalued, which could attract more investors to the company. This increased investor interest could have a positive impact on the overall stock market and contribute to economic growth and stability.
Conclusion
Overall, Shell plc’s transaction in its own shares on 22 October, 2024, demonstrates a strategic move aimed at enhancing shareholder value and optimizing the company’s capital structure. For individual investors, this action could lead to potential gains in the form of increased stock prices and enhanced confidence in the company’s financial health. On a larger scale, the buy-back program by Shell plc may have positive implications for the world economy by attracting more investors and contributing to market growth and stability.
