Director/PDMR Shareholding

Shell plc announced that on August 2, 2024, Wael Sawan, the company's Chief Executive Officer, has modified his participation in a Dividend Reinvestment Plan (DRIP).

Rhea-AI Summary

Shell plc announced that on August 2, 2024, Wael Sawan, the company's Chief Executive Officer, has modified his participation in a Dividend Reinvestment Plan (DRIP). Sawan will now receive cash dividends on future dividend payments for his shareholdings in a Computershare Share Plan Account. As of August 2, 2024, Sawan held 266,533.09 ordinary shares of €0.07 each in Shell plc within this account. This change in DRIP participation is considered a transaction by a Person Discharging Managerial Responsibilities (PDMR) under EU and UK market abuse regulations.

News Market Reaction – SHEL

-1.73%

-1.73% Session move

In the trading session that priced this news, SHEL declined 1.73%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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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 REGIMES

August 2, 2024

Shell plc (the “Company”) announces that on August 2, 2024, Wael Sawan, a Person Discharging Managerial Responsibilities (“PDMR”) has varied his participation in a Dividend Reinvestment Plan (“DRIP”) to receive a cash dividend on future dividend payments on his shareholdings in a Computershare Share Plan Account. As at August 2, 2024, Wael Sawan held 266,533.09 ordinary shares of €0.07 each in the Company in his Computershare Share Plan Account.

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	Chief Executive Officer
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 of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Variation in participation in a DRIP to receive a cash dividend on future dividend payments on shareholdings in a Computershare Share Plan Account. As at August 2, 2024, Wael Sawan held 266,533.09 ordinary shares in his Computershare Share Plan Account.
Currency	N/A
Price	N/A
Volume	N/A
Total	N/A
Aggregated information Volume Price Total	N/A N/A N/A
Date of transaction	August 2, 2024
Place of transaction	Outside trading venue

Julie Keefe
Deputy Company Secretary

ENQUIRIES

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

LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Additional regulated information required to be disclosed under the laws of a Member State.

FAQ

What change did Shell's CEO Wael Sawan make to his dividend reinvestment plan on August 2, 2024?

On August 2, 2024, Shell's CEO Wael Sawan modified his Dividend Reinvestment Plan (DRIP) to receive cash dividends on future dividend payments for his shareholdings in a Computershare Share Plan Account, instead of reinvesting them.

How many Shell (SHEL) shares did Wael Sawan hold in his Computershare Share Plan Account as of August 2, 2024?

As of August 2, 2024, Wael Sawan held 266,533.09 ordinary shares of €0.07 each in Shell plc (SHEL) in his Computershare Share Plan Account.

Why is Shell (SHEL) required to disclose Wael Sawan's change in dividend reinvestment?

Shell (SHEL) is required to disclose this change because Wael Sawan is a Person Discharging Managerial Responsibilities (PDMR), and such transactions must be reported under EU and UK market abuse regulations.

What is the Legal Entity Identifier (LEI) code for Shell plc (SHEL)?

The Legal Entity Identifier (LEI) code for Shell plc (SHEL) is 21380068P1DRHMJ8KU70.