NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES
February 6, 2024
Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have been made a conditional award of performance shares of Shell plc under the Long Term Incentive Plan (“LTIP”), subject to performance conditions determined by the Remuneration Committee and Remuneration Committee discretion, as set out below.
PDMR
Date Acquired
Share Type
Number of shares awarded
Wael Sawan
02 February 2024
SHEL (LSE)
169,937
Sinead Gorman
02 February 2024
SHEL (LSE)
101,051
Philippa Bounds
02 February 2024
SHEL (LSE)
36,298
Robertus Mooldijk
02 February 2024
SHELL (AMS)
46,463
Rachel Solway
02 February 2024
SHEL (LSE)
36,415
Huibert Vigeveno
02 February 2024
SHELL (AMS)
64,229
Zoe Yujnovich
02 February 2024
SHELL (AMS)
62,194
The Notification of Dealing Form for each PDMR can be found below.
This notification is made in accordance with Article 19 of the EU Market Abuse Regulation.
Anthony Clarke
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.
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/ amendment
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
Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency
GBP
Price
24.72
Volume
169,937
Total
4,199,992.96
Aggregated information
Volume
169,937
Price
24.72
Total
4,199,992.96
Date of transaction
02/02/2024
Place of transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Sinead
Last Name(s)
Gorman
2. Reason for the notification
Position/status
Chief Financial Officer
Initial notification/ amendment
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
Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency
GBP
Price
24.72
Volume
101,051
Total
2,497,475.47
Aggregated information
Volume
101,051
Price
24.72
Total
2,497,475.47
Date of transaction
02/02/2024
Place of transaction
Outside a trading venue
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/ amendment
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
Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency
GBP
Price
24.72
Volume
36,298
Total
897,105.07
Aggregated information
Volume
36,298
Price
24.72
Total
897,105.07
Date of transaction
02/02/2024
Place of transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Robertus
Last Name(s)
Mooldijk
2. Reason for the notification
Position/status
Projects & Technology Director
Initial notification/ amendment
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
Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency
EUR
Price
29.27
Volume
46,463
Total
1,359,972.01
Aggregated information
Volume
46,463
Price
29.27
Total
1,359,972.01
Date of transaction
02/02/2024
Place of transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Rachel
Last Name(s)
Solway
2. Reason for the notification
Position/status
Chief Human Resources & Corporate Officer
Initial notification/ amendment
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
Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency
GBP
Price
24.72
Volume
36,415
Total
899,996.73
Aggregated information
Volume
36,415
Price
24.72
Total
899,996.73
Date of transaction
02/02/2024
Place of transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Huibert
Last Name(s)
Vigeveno
2. Reason for the notification
Position/status
Downstream, Renewables & Energy Solutions Director
Initial notification/ amendment
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
Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency
EUR
Price
29.27
Volume
64,229
Total
1,879,982.83
Aggregated information
Volume
64,229
Price
29.27
Total
1,879,982.83
Date of transaction
02/02/2024
Place of transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Zoe
Last Name(s)
Yujnovich
2. Reason for the notification
Position/status
Integrated Gas & Upstream Director
Initial notification/ amendment
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
Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Shell plc specializes in oil and natural gas production and distribution. Net sales break down by activity as follows:
- refining of crude oil (37.5%): owns, at the end of 2023, 7 refineries worldwide. Shell plc is also involved in the manufacturing of chemical and petrochemical products (olefins, aromatic products, solvents, ethylenes, propylenes, phenols, additives, etc.);
- marketing of petroleum products (34.4%): operation of a network of more than 47,000 service stations worldwide;
- production of electricity from renewable sources (14.1%);
- production of liquefied natural gas (11.9%);
- crude oil and natural gas exploration and production (2%);
- other (0.1%).
Net sales are distributed geographically as follows: the United Kingdom (14.1%), Europe (23.2%), Asia/Oceania/Africa (31.6%), the United States (22.2%) and Americas (8.9%).