Transaction in Own Shares
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Shell plc announced the purchase of its own shares on December 2, 2024, as part of its ongoing share buy-back program. The company bought 1,261,900 shares on the LSE and 836,000 shares on XAMS.
December 02, 2024 | 6:00 pm
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POSITIVE IMPACT
Shell plc purchased over 2 million of its own shares as part of its share buy-back program, which could positively impact its stock price by reducing the number of shares outstanding.
The buy-back reduces the number of shares outstanding, which can increase earnings per share and potentially boost the stock price. This action is part of a previously announced program, indicating a strategic move to enhance shareholder value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100