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 12, 2024, Shell bought 572,000 shares on the LSE and 375,000 shares on XAMS, with the highest price paid being £25.60 and €31.2350 respectively.
November 12, 2024 | 6:00 pm
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Shell plc has executed a share buy-back, purchasing 572,000 shares on the LSE and 375,000 on XAMS. This move is part of its ongoing buy-back program, potentially indicating confidence in its financial health and aiming to enhance shareholder value.
The buy-back of shares typically indicates that the company believes its stock is undervalued, which can lead to a positive short-term impact on the stock price. It also reduces the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100