Director/PDMR Shareholding

Rhea-AI Summary

On May 29, 2024, multiple transactions were conducted by Philippa Bounds, a Director at Shell, and her close associates. These transactions involved selling company shares and immediately repurchasing them into Individual Savings Accounts (ISAs). Philippa Bounds sold 715 shares and repurchased 711 shares, while James, Alfred, George, and Brian Bounds sold between 322 to 715 shares each and repurchased slightly fewer shares into their ISAs. These actions comply with the EU and UK market abuse regulations. The transactions took place on the London Stock Exchange at prices around €27.97 to €28.00 per share.

Positive

• Compliance with EU and UK market abuse regulations ensures transparency.
• Consistent repurchasing of shares into ISAs demonstrates strong personal investment in Shell.
• Transactions conducted at stable prices around €27.97 to €28.00 per share imply steady stock performance.

Negative

• Marginal reduction in the number of shares repurchased compared to sold shares may indicate slight lack of confidence or liquidity constraints.
• High-frequency trading by managerial personnel could raise concerns about short-term focus rather than long-term growth.

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

May 31, 2024

Shell plc (the “Company”) announces that on May 29, 2024:

a)   Philippa Bounds, a Person Discharging Managerial Responsibilities (“PDMR”), has, in order to effect a "Bed and ISA” transaction, sold 715 shares of €0.07 each in the Company (“Shares”) and immediately repurchased 711 shares into her Individual Savings Account (“ISA”); and


b)   James Bounds, a person closely associated (“PCA”) with Philippa Bounds, has, in order to effect a "Bed and ISA” transaction, sold 322 Shares and immediately repurchased 319 Shares into his Individual Savings Account (“ISA”); and


c)   Alfred Bounds, a PCA with Philippa Bounds, has, in order to effect a "Bed and ISA” transaction, sold 322 Shares and immediately repurchased 319 Shares into his Individual Savings Account (“ISA”); and


d)   George Bounds, a PCA with Philippa Bounds, has, in order to effect a "Bed and ISA” transaction, sold 322 Shares and immediately repurchased 320 Shares into his Individual Savings Account (“ISA”); and


e)   Brian Bounds, a PCA with Philippa Bounds, has, in order to effect a "Bed and ISA” transaction, sold 715 Shares and immediately repurchased 710 Shares into his Individual Savings Account (“ISA”).


Further details regarding these transactions are shown in the PDMR notifications below.

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Philippa
Last Name(s)	Bounds
2. Reason for the notification
Position/status	Legal 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 of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Sale of shares by PDMR (“Sale”) Purchase of shares by PDMR into ISA (“Purchase”)
Currency	GBP
Prices and Volumes		Price	Volume
	1. Sale	27.97	715
	2. Purchase	27.97	711
Aggregated information	n/a
Date of transaction	May 29, 2024
Place of transaction	London Stock Exchange

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	James
Last Name(s)	Bounds
2. Reason for the notification
Position/status	PCA with PDMR, Philippa Bounds
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	Sale of shares by PCA of PDMR (“Sale”) Purchase of shares by PCA of PDMR into ISA (“Purchase”)
Currency	GBP
Prices and Volumes		Price	Volume
	1. Sale	27.96	322
	2. Purchase	28.00	319
Aggregated information	n/a
Date of transaction	May 29, 2024
Place of transaction	London Stock Exchange

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Alfred
Last Name(s)	Bounds
2. Reason for the notification
Position/status	PCA with PDMR, Philippa Bounds
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	Sale of shares by PCA of PDMR (“Sale”) Purchase of shares by PCA of PDMR into ISA (“Purchase”)
Currency	GBP
Prices and Volumes		Price	Volume
	1. Sale	27.99	322
	2. Purchase	27.00	319
Aggregated information	n/a
Date of transaction	May 29, 2024
Place of transaction	London Stock Exchange

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	George
Last Name(s)	Bounds
2. Reason for the notification
Position/status	PCA with PDMR, Philippa Bounds
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	Sale of shares by PCA of PDMR (“Sale”) Purchase of shares by PCA of PDMR into ISA (“Purchase”)
Currency	GBP
Prices and Volumes		Price	Volume
	1. Sale	28.00	322
	2. Purchase	27.96	320
Aggregated information	n/a
Date of transaction	May 29, 2024
Place of transaction	London Stock Exchange

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Brian
Last Name(s)	Bounds
2. Reason for the notification
Position/status	PCA with PDMR, Philippa Bounds
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	Sale of shares by PCA of PDMR (“Sale”) Purchase of shares by PCA of PDMR into ISA (“Purchase”)
Currency	GBP
Prices and Volumes		Price	Volume
	1. Sale	27.99	715
	2. Purchase	27.99	710
Aggregated information	n/a
Date of transaction	May 29, 2024
Place of transaction	London Stock Exchange

Caroline J.M. Omloo
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 transactions did Philippa Bounds conduct on May 29, 2024?

Philippa Bounds sold 715 shares of Shell stock and repurchased 711 shares into her ISA.

What is the significance of the transactions conducted by Shell's Director and close associates on May 29, 2024?

These transactions, involving the sale and immediate repurchase of shares into ISAs, comply with EU and UK market abuse regulations and demonstrate continued personal investment in Shell.

At what price were the shares traded in the transactions involving Shell stock on May 29, 2024?

The shares were sold and repurchased around prices of €27.97 to €28.00 per share.

Who are the close associates involved in the share transactions with Philippa Bounds on May 29, 2024?

James Bounds, Alfred Bounds, George Bounds, and Brian Bounds conducted similar transactions involving Shell shares.

What is a 'Bed and ISA' transaction as it relates to Shell stock?

'Bed and ISA' involves selling shares and repurchasing them into an Individual Savings Account (ISA) to benefit from tax advantages.