Shell plc Announces Purchase of Shares for Cancellation
Transaction in Own Shares 18 November, 2024
Shell plc (the ‘Company’) has announced that on 18 November 2024, it purchased a substantial number of Shares for cancellation. The shares were bought at various prices on different trading venues, as detailed below:
Aggregated information on Shares purchased according to trading venue:
Date of purchase: 18/11/2024
Number of Shares purchased: 1,150,000
Highest price paid: £25.9900
Lowest price paid: £25.5200
Volume weighted average price paid per share: £25.7597
Venue: LSE
Currency: GBP
Date of purchase: 18/11/2024
Number of Shares purchased: 850,000
Highest price paid: €31.4050
Lowest price paid: €30.9250
Volume weighted average price paid per share: €31.1502
Venue: XAMS
Currency: EUR
These share purchases are part of the Company’s existing share buy-back programme, which was announced on 31 October 2024.
Shell plc’s decision to repurchase its own shares can have a significant impact on both individual investors and the global economy.
Impact on Me
As an individual investor, the share buy-back programme can potentially increase the value of my existing shares in Shell plc. By reducing the number of outstanding shares in the market, the company can boost its earnings per share and potentially increase its stock price. This can result in higher returns for me as a shareholder.
Impact on the World
From a broader perspective, Shell plc’s share buy-back programme can also have implications for the global economy. By repurchasing its own shares, the company is signaling to the market that it believes its shares are undervalued. This can have a positive impact on investor confidence and potentially attract more investments into the company. Additionally, the increased demand for Shell plc’s shares can have a ripple effect on other companies in the same industry, leading to increased market activity and potentially driving overall economic growth.
Conclusion
In conclusion, Shell plc’s purchase of shares for cancellation is a strategic move that can benefit both individual investors and the global economy. By effectively managing its share buy-back programme, the company is demonstrating its commitment to delivering value to shareholders and driving economic growth.
