Director/PDMR Shareholding

Rhea-AI Summary

Shell plc disclosed a transaction involving its Chief Human Resources & Corporate Officer, Ronan Cassidy. On March 23, 2022, Cassidy sold 29,000 ordinary shares at an average price of £20.696, amounting to a total of £600,175.25. The transaction is categorized as an initial notification under the UK and EU market abuse regulations. This disclosure highlights Shell's compliance with regulatory requirements and reflects the management's personal financial activities.

Positive

• Compliance with EU and UK market regulations demonstrates corporate governance.
• Transparency in managerial transactions can strengthen investor trust.

Negative

• The sale by an executive may raise concerns about insider confidence in the company's future performance.

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

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Ronan
Last Name(s)	Cassidy
2. Reason for the notification
Position/status	Chief Human Resources & Corporate 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 with a nominal value of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Sale of shares
Currency	GBP
Price (Average)	£20.696
Volume	29,000
Total	£600,175.25
Aggregated information:
Volume Price Total		26,505 £20.70 £548,653.50	2,495 £20.65 £51,521.75

Date of Transaction	23 March 2022
Place of Transaction	London

Anthony Clarke
Deputy Company Secretary

ENQUIRIES

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

FAQ

What recent transaction was reported by Shell (SHEL) involving Ronan Cassidy?

On March 23, 2022, Ronan Cassidy sold 29,000 ordinary shares of Shell at an average price of £20.696.

How much did Ronan Cassidy's share sale total?

Ronan Cassidy's share sale totaled £600,175.25.

What is the nature of the transaction disclosed by Shell (SHEL)?

The nature of the transaction is the sale of shares by an executive officer.

What regulations does Shell (SHEL) comply with for managerial transactions?

Shell complies with EU and UK market abuse regulations for disclosing managerial transactions.