Transaction in Own Shares
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Shell plc announced the purchase of its own shares for cancellation as part of its ongoing share buy-back program. On November 6, 2024, Shell bought 1,065,000 shares on the LSE and 688,000 shares on XAMS.
November 06, 2024 | 6:00 pm
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POSITIVE IMPACT
Shell plc has repurchased over 1.7 million shares as part of its share buy-back program, which could positively impact its stock price by reducing the number of shares outstanding.
The repurchase of shares reduces the total number of shares outstanding, which can increase earnings per share and potentially boost the stock price. This action is part of Shell's ongoing buy-back program, indicating a strategic move to return value to shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100