Transaction in Own Shares
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Shell plc announced the purchase of its own shares as part of its ongoing buy-back program. On November 11, 2024, Shell bought 851,000 shares on the LSE and 512,000 shares on XAMS. This move is part of a previously announced buy-back initiative.
November 11, 2024 | 6:00 pm
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POSITIVE IMPACT
Shell plc has repurchased a significant number of its own shares as part of its 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 is a direct action by Shell to return value to shareholders, indicating confidence in its financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100