Transaction in Own Shares
Portfolio Pulse from
Shell plc announced the purchase of its own shares as part of its ongoing buy-back program. On November 5, 2024, Shell bought 1,078,300 shares on the LSE and 709,150 shares on XAMS. This move is part of the company's strategy to return value to shareholders.
November 05, 2024 | 6:00 pm
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POSITIVE IMPACT
Shell plc has repurchased over 1.7 million shares as part of its buy-back program, which could positively impact its stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
The repurchase of shares reduces the total number of shares outstanding, which can lead to an increase in earnings per share and potentially boost the stock price. This action is part of Shell's strategy to return value to shareholders, indicating a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100