Director/PDMR Shareholding

Rhea-AI Summary

Shell plc reported managerial transactions involving Wael Sawan, the Integrated Gas, Renewables and Energy Solutions Director. On September 22, 2022, Sawan disposed of 19,384 ordinary shares at €26.605 each, totaling €515,711.32. Additionally, he sold 4,750 American Depository Shares (SHEL) at $53.08, amounting to $252,130. These transactions were notified in compliance with the EU and UK market abuse regulations.

Positive

• Significant volume of shares traded by a high-level executive, indicating confidence in Shell's stock.

Negative

• Disposal of shares might signal a lack of confidence in future stock performance from the director.

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

September 23, 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	Disposal of shares
Currency	EUR
Price	€26.605
Volume	19,384
Total	€515,711.32
Aggregated information   Volume Price Total	19,384 €26.605 €515,711.32
Date of transaction	22 September 2022
Place of transaction	Amsterdam

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	American Depository Shares (SHEL) (1 ADS is equal to 2 ordinary shares)
Identification Code	US7802593050
Nature of the transaction	Disposal of shares
Currency	USD
Price	$53.08
Volume	4,750
Total	$252,130
Aggregated information   Volume Price Total	4,750 $53.08 $252,130
Date of transaction	22 September 2022
Place of transaction	New York

Anthony Clarke
Deputy Company Secretary

ENQUIRIES

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

FAQ

What shares did Wael Sawan dispose of on September 22, 2022?

Wael Sawan disposed of 19,384 ordinary shares at €26.605 each and 4,750 American Depository Shares (SHEL) at $53.08.

What was the total value of shares disposed by Wael Sawan?

The total value of the disposed shares was €515,711.32 for ordinary shares and $252,130 for American Depository Shares.

What is the position of Wael Sawan at Shell?

Wael Sawan is the Integrated Gas, Renewables and Energy Solutions Director at Shell.

What regulatory requirements did Shell fulfill with this announcement?

Shell fulfilled the notification requirements of the EU and UK market abuse regime.

When was the transaction made by Wael Sawan?

The transactions were made on September 22, 2022.