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 January 7, 2025, Shell bought 850,000 shares on the LSE and 620,000 shares on XAMS.
January 07, 2025 | 6:00 pm
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POSITIVE IMPACT
Shell plc has repurchased 1,470,000 shares as part of its share buy-back program, which may positively impact its stock price by reducing the number of shares outstanding.
The repurchase of shares reduces the total number of shares outstanding, which can increase earnings per share and potentially lead to a higher stock price. This action is part of Shell's ongoing buy-back program, indicating a commitment to returning value to shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100