Transaction in Own Shares 13 November, 2024
Shell plc Announces Share Buy-back Programme
On 13 November 2024, Shell plc (the ‘Company’) announced that it purchased a significant number of shares for cancellation as part of its existing share buy-back programme. The Company bought 123,000 shares on this date across different trading venues, with varying prices and currencies.
The aggregated information on shares purchased according to trading venue is as follows:
- Date of purchase: 13/11/2024
- Number of Shares purchased: 75,000
- Highest price paid: £25.3450
- Lowest price paid: £25.0400
- Volume weighted average price paid per share: £25.1787
- Venue: LSE
- Currency: GBP
This transaction indicates the Company’s commitment to returning value to its shareholders through the buy-back programme. By repurchasing shares, Shell plc aims to enhance shareholder value and demonstrate confidence in its own financial stability and future growth prospects.
Impact on Individuals
As a shareholder of Shell plc, this share buy-back programme could have a positive impact on you. The repurchase of shares may lead to an increase in the earnings per share for existing shareholders, potentially boosting the overall value of your investment in the Company.
Impact on the World
From a broader perspective, Shell plc’s share buy-back programme could also have implications for the global financial markets. Such transactions can influence investor sentiment and market dynamics, contributing to overall market stability and liquidity.
Conclusion
In conclusion, Shell plc’s recent transaction in its own shares reflects the Company’s strategic approach to capital management and commitment to maximizing shareholder value. As the buy-back programme progresses, shareholders and the wider market are likely to closely monitor the impact of these transactions on the Company’s financial performance and market position.
