The Spelleater Shield is made from daemonhide stretched across a framework made from the bones of a Liche, its surface heavily adorned with symbols of power. When spells are cast against the bearer, it drains away their power.
Source: Warhammer Armies Project: Unofficial 9th Edition
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Magic Armour
Shield. The Spelleater Shield gives the bearer Magic Resistance (2). In addition, roll a D6 each time a spell is cast at the bearer of the Spelleater Shield and is dispelled. On the roll of a 4+, the spell is destroyed and the enemy Wizard may not cast it for the rest of the battle.