On December 27th, Shell announced that it had spent approximately $9996000 to repurchase approximately 1.9228 million shares on December 22nd, with repurchase prices ranging from $5.08 to $5.23.
Beike pointed out in its previous financial report that based on solid cash reserves and prudent financial management, Beike conveys the company's efficient capital allocation and determination and ability to provide investors with returns through active stock repurchases and dividends. In September alone, the total amount of shares repurchased by Beike exceeded 130 million US dollars. Since the launch of the repurchase project in September 2022 until the end of September this year, the cumulative number of shares repurchased by Beike has accounted for about 3.91% of the total issued share capital of the company before the launch of the repurchase project in 2022. Meanwhile, Beike has recently completed a special dividend of approximately $200 million.
On August 31 of this year, Shell announced that it had obtained approval from the board of directors to further expand its existing share repurchase plan, increasing the repurchase authorization from $1 billion to $2 billion, and extending its validity until August 31, 2024. Since December, Beike has repurchased its shares multiple times.