Transaction in Own Shares 30 December, 2024
Shell plc Share Buy-Back Programme
Shell plc, a renowned company in the energy industry, recently announced the purchase of a significant number of its own shares for cancellation on 30 December, 2024. These transactions were conducted on various trading venues, with different prices paid per share. The company disclosed the following aggregated information:
Shares Purchased on 30/12/2024 on LSE (GBP)
Date of purchase: 30/12/2024
Number of Shares purchased: 925,000
Highest price paid: £24.4900
Lowest price paid: £24.2850
Volume weighted average price paid per share: £24.4145
Venue: LSE
Currency: GBP
Shares Purchased on 30/12/2024 on XAMS (EUR)
Date of purchase: 30/12/2024
Number of Shares purchased: 567,000
Highest price paid: €29.8250
Lowest price paid: €29.5800
Volume weighted average price paid per share: €29.7394
Venue: XAMS
Currency: EUR
These share purchases are part of Shell’s ongoing share buy-back programme, which was initially announced on 31 October 2024.
Impact on Individuals
As a shareholder of Shell plc, this share buy-back programme may affect you directly. Depending on the amount of shares you hold and the company’s performance, the cancellation of shares could potentially increase the value of your remaining shares.
Impact on the World
Shell’s share buy-back programme reflects a strategic financial decision by the company. It may impact the overall stock market as well as the energy sector, influencing investor sentiment and market trends.
Conclusion
Shell plc’s recent transaction in own shares signifies a proactive approach towards managing its capital structure and optimizing shareholder value. Stay tuned for further updates on the company’s financial strategies and market position.
