Transaction in Own Shares
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Shell plc announced the purchase of its own shares for cancellation as part of its ongoing share buy-back program. On December 11, 2024, Shell bought 1,150,000 shares on the LSE and 790,000 shares on XAMS.
December 11, 2024 | 6:45 pm
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POSITIVE IMPACT
Shell plc has repurchased 1,150,000 shares on the LSE and 790,000 shares on XAMS as part of its share buy-back program, potentially boosting its stock price.
The repurchase of shares reduces the number of shares available in the market, which can increase the stock price by improving earnings per share and signaling confidence from the company. This action is part of Shell's ongoing buy-back program, indicating a strategic move to enhance shareholder value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100