Shell plc Announces Share Purchase for Cancellation
Transaction in Own Shares 10 December, 2024
Shell plc (the ‘Company’) has announced that on 10 December 2024, it purchased a significant number of shares for cancellation. This move is part of the Company’s ongoing share buy-back program initially announced on 31 October 2024.
Aggregated Share Purchase Information:
Date of Purchase: 10/12/2024
Number of Shares Purchased: 1,115,000
Highest Price Paid: £25.3050
Lowest Price Paid: £25.1550
Volume Weighted Average Price Paid per Share: £25.2266
Trading Venues:
- LSE (Currency: GBP)
- Chi-X (CXE) (Currency: GBP)
- BATS (BXE) (Currency: GBP)
- XAMS (Currency: EUR)
- CBOE DXE (Currency: EUR)
- TQEX (Currency: EUR)
This transaction includes both on-market and off-market activities, demonstrating the Company’s commitment to its shareholders and long-term goals.
Impact on Shareholders
Shareholders can expect to see potential benefits from the share buy-back program, such as an increase in the value of their remaining shares and a boost in earnings per share.
Impact on the World
Shell plc’s share purchases for cancellation can have a broader impact on the financial market, potentially influencing investor confidence and overall market stability.
Conclusion
Overall, Shell plc’s latest share purchase for cancellation signifies the Company’s strategic approach to capital management and commitment to creating value for its shareholders and the market as a whole.
Effects on Me:
As a shareholder in Shell plc, the share purchase for cancellation could potentially lead to an increase in the value of my remaining shares and boost my earnings per share.
Effects on the World:
Shell plc’s share purchases for cancellation could impact the broader financial market, influencing investor confidence and market stability.
