Transaction in Own Shares
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Shell plc announced the purchase of its own shares on December 6, 2024, as part of its ongoing share buy-back program. The company bought 1,326,000 shares on the LSE and 804,000 shares on XAMS.
December 06, 2024 | 6:00 pm
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POSITIVE IMPACT
Shell plc has repurchased over 2 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 typically reduces the 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 95
IMPORTANCE 80
RELEVANCE 90