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 19, 2024, Shell bought 1,350,000 shares on the LSE and 800,000 shares on XAMS, with the highest prices paid being £26.02 and €31.485, respectively.
November 19, 2024 | 5:45 pm
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Shell plc has executed a significant share buy-back, purchasing 1.35 million shares on the LSE and 800,000 shares on XAMS. This move is part of its ongoing buy-back program, potentially indicating confidence in its financial health and future prospects.
The buy-back of 2.15 million shares by Shell plc is a positive signal to investors, as it suggests the company believes its shares are undervalued and is confident in its financial position. This action can lead to a short-term increase in share price due to reduced supply and increased demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100