Director/PDMR Shareholding

Rhea-AI Summary

On May 20, 2022, Ed Daniels, a Person Discharging Managerial Responsibilities at Shell, modified his participation in a Dividend Reinvestment Plan (DRIP) to receive cash dividends on his holdings. He currently holds 34,152 shares in an Equiniti Nominee Account. This transaction was reported in compliance with the EU Market Abuse Regulation. The notification highlights corporate governance transparency and Ed Daniels's strategic decisions regarding his shareholdings.

Positive

• Increased transparency in corporate governance through regulatory compliance.
• Indicates financial confidence by opting for cash dividends over reinvesting.

Negative

• None.

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

May 23, 2022

 

Shell plc announces that on May 20, 2022, Ed Daniels, a Person Discharging Managerial Responsibilities (“PDMR”), carried out the following transaction in the Company’s ordinary shares with a nominal value of €0.07 each (“Shell plc Shares”). Ed Daniels varied his participation in a Dividend Reinvestment Plan (“DRIP”) to receive a cash dividend on future dividend payments on his shareholdings in an Equiniti Nominee Account. As at May 20, 2022, Ed Daniels held 34,152 Shell plc Shares in this Nominee Account.

 

This notification is made in accordance with Article 19 of the EU Market Abuse Regulation.

 

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Ed
Last Name(s)	Daniels
2. Reason for the notification
Position/status	Strategy, Sustainability and Corporate Relations 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	Variation in participation in a DRIP to receive a cash dividend on future dividend payments on shareholdings in an Equiniti Nominee Account. As at May 20, 2022, Ed Daniels held 34,152 Shell plc Shares in this an Equiniti Nominee Account.
Currency	N/A
Price	N/A
Volume	34,152
Total	N/A
Aggregated information   Volume Price Total	34,152 N/A N/A
Date of transaction	May 20, 2022
Place of transaction	Outside trading venue

Anthony Clarke
Deputy Company Secretary

ENQUIRIES

Shell Media Relations

International, UK, European Press: +44 20 7934 5550

 

 

FAQ

What transaction did Ed Daniels conduct on May 20, 2022 regarding Shell plc shares?

Ed Daniels varied his participation in a Dividend Reinvestment Plan to receive cash dividends on his Shell plc shares.

How many Shell plc shares does Ed Daniels hold?

As of May 20, 2022, Ed Daniels holds 34,152 Shell plc shares.

What is the significance of Ed Daniels's transaction for Shell plc?

The transaction reflects compliance with EU Market Abuse Regulations, ensuring transparency in managerial actions.

What is a Dividend Reinvestment Plan (DRIP)?

A DRIP allows shareholders to reinvest dividends to purchase additional shares rather than receiving cash.

Who is Ed Daniels in the context of Shell plc?

Ed Daniels is the Strategy, Sustainability, and Corporate Relations Director at Shell plc.