Director/PDMR Shareholding

Shell plc disclosed a transaction involving Wael Sawan, the Integrated Gas, Renewables and Energy Solutions Director, who sold 40,000 ordinary shares at an average price of €24.79, totaling €991,600.

Rhea-AI Summary

Shell plc disclosed a transaction involving Wael Sawan, the Integrated Gas, Renewables and Energy Solutions Director, who sold 40,000 ordinary shares at an average price of €24.79, totaling €991,600. The sale took place on 3 March 2022 at Euronext Amsterdam. This notification aligns with the EU and UK market abuse regulations, ensuring transparency in managerial transactions.

Positive

• Transparency in managerial transactions enhances investor trust.
• The sale may indicate a strategic realignment or personal financial planning.

Negative

• Share sales by executives can signal lack of confidence in company performance.
• The volume of shares sold may raise concerns among investors regarding potential insider motives.

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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIME

March 04, 2022

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Wael
Last Name(s)	Sawan
2. Reason for the notification
Position/status	Integrated Gas, Renewables and Energy Solutions Director
Initial notification/amendments	Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s) section to be repeated for (i) each type of instrument, (ii) each type of transaction, (iii) each date, (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares with a nominal value of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Sale of shares
Currency	EUR
Price (Average)	€24.79
Volume	40,000
Total	€991,600
Aggregated information:
Volume Price Total		40,000 €24.79 €991,600

Date of Transaction	03 March 2022
Place of Transaction	Euronext Amsterdam

Anthony Clarke
Deputy Company Secretary

ENQUIRIES

Shell Media Relations
International, UK, European Press: +44 20 7934 5550

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What recent transaction did Shell's Wael Sawan undertake?

Wael Sawan sold 40,000 ordinary shares at €24.79 each, totaling €991,600.

When did Wael Sawan sell shares in Shell?

The shares were sold on 3 March 2022.

What is the significance of managerial share transactions at Shell?

Such transactions are closely monitored for transparency and can indicate management’s confidence in the company's future.

Where did the sale of Shell shares occur?

The transaction took place at Euronext Amsterdam.

What position does Wael Sawan hold at Shell?

He is the Integrated Gas, Renewables and Energy Solutions Director.