Transaction in Own Shares 08 November, 2024
Shell plc Announces Share Purchase Details
Shell plc (the ‘Company’) announces that on 08 November 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
08/11/2024 | 1,100,000 | £26.0200 | £25.5850 | £25.7808 | LSE | GBP
08/11/2024 | – | £0.0000 | £0.0000 | £0.0000 | Chi-X (CXE) | GBP
08/11/2024 | – | £0.0000 | £0.0000 | £0.0000 | BATS (BXE) | GBP
08/11/2024 | 715,000 | €31.6250 | €31.1450 | €31.3496 | XAMS | EUR
08/11/2024 | – | €0.0000 | €0.0000 | €0.0000 | CBOE DXE | EUR
08/11/2024 | – | €0.0000 | €0.0000 | €0.0000 | TQEX | EUR
These share purchases form part of the Company’s existing share buy-back programme previously announced on 31 October 2024.
Shell plc’s decision to buy back its own shares can have various implications for both individuals and the global economy.
Impact on Individuals
For individual investors, the buy-back of shares can potentially lead to an increase in the value of the remaining shares they hold. This can result in higher returns for investors in the long run.
Impact on the World Economy
On a larger scale, share buy-back programs can signal confidence in a company’s financial position and future prospects. This can have a positive impact on market sentiment and contribute to overall economic stability.
Conclusion
Shell plc’s recent share purchase for cancellation demonstrates the company’s commitment to optimizing its capital structure and delivering value to shareholders. The effects of this transaction will be felt by both individuals and the global economy, potentially leading to increased shareholder value and positive market sentiment.
