Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities
September 30, 2024
Shell plc (the “Company”)
Recently, Shell plc (the “Company”) received notification that certain Persons Discharging Managerial Responsibilities (“PDMRs”) acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account. This transaction follows the payment of the interim dividend on September 23, 2024 in respect of the second quarter of 2024.
For more detailed information on this transaction and others, please refer to the Shell plc Annual Report and Form 20-F for the year ended December 31, 2023.
How Does This Notification Affect Me?
As an individual investor or shareholder in Shell plc, this notification provides transparency into the actions of key individuals within the company. It allows you to have a better understanding of the decisions and transactions being made by Persons Discharging Managerial Responsibilities, which can ultimately impact the overall performance and direction of the company.
How Does This Notification Affect the World?
On a larger scale, this notification is a part of the regulatory requirements set forth by the EU and UK Market Abuse Regimes. By publicly disclosing transactions made by PDMRs, it helps to promote transparency and accountability within the corporate world. This level of disclosure can help build trust with investors, stakeholders, and the general public, ultimately contributing to a more open and fair business environment.
Conclusion
In conclusion, the notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities is a critical aspect of corporate governance. It provides clarity and insight into the actions of key individuals within a company, benefiting both individual investors and the broader business community. By adhering to these regulatory requirements, Shell plc demonstrates its commitment to transparency and responsible leadership.
