Transaction in Own Shares 31 December, 2024
Shell plc Announces Share Purchase Details
Shell plc (the ‘Company’) has announced that on 31 December 2024, it purchased a significant number of shares for cancellation. The aggregated information on the shares purchased, according to the trading venue, is as follows:
Date of purchase: 31/12/2024
Number of Shares purchased: 830,000
Highest price paid: £24.8450
Lowest price paid: £24.4300
Volume weighted average price paid per share: £24.6844
Venue: LSE
Currency: GBP
Additionally, the Company also purchased shares on other trading venues such as Chi-X (CXE), BATS (BXE), XAMS, CBOE DXE, and TQEX, as part of its existing share buy-back program announced on 31 October 2024.
These share purchases are part of the Company’s strategy to enhance shareholder value and optimize its capital structure.
How will this affect me?
As a shareholder of Shell plc, the share buy-back program could potentially lead to an increase in the company’s stock price, as the repurchase of shares reduces the total number of shares outstanding. This could result in higher earnings per share and an overall positive impact on your investment.
How will this affect the world?
Shell plc’s share buy-back program could have broader implications for the financial markets and the economy as a whole. By reducing the number of shares available for trading, the company could influence stock market liquidity and valuations. Additionally, the move may signal confidence in the company’s financial position and future prospects, which could have a ripple effect on investor sentiment and market dynamics.
Conclusion
The announcement of Shell plc’s share purchases for cancellation on 31 December 2024 marks a strategic move in the company’s capital management efforts. This decision not only benefits shareholders but also has the potential to impact the broader financial landscape. As the company continues to drive value for its investors, the effects of these transactions will be closely monitored in the coming months.
