On November 1, 2023 Shell plc ("Shell") received three notifications from Norges Bank, as set out below:
- Notification 1 – as a result of an acquisition of shares with the percentage of voting rights in Shell exceeding 3% on August 15, 2022;
- Notification 2 – correcting errors in Notification 1; and
- Notification 3 - Norges Bank's shareholding falling below a notifiable threshold (below 3% of the voting rights in Shell) on October 30, 2023.
Norges Bank have advised Shell that Notifications 1 and 2 were not submitted to Shell in August 2022 as a result of an administrative error by Norges Bank.
Notifications 2 and 3 are set out below:
NOTIFICATION – Threshold crossed in August 2022 (corrected version)
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS | ||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Shell plc | |||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||
Non-UK issuer | ||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||
An acquisition or disposal of voting rights | X | |||
An acquisition or disposal of financial instruments | ||||
An event changing the breakdown of voting rights | ||||
Other (please specify)iii: | ||||
3. Details of person subject to the notification obligationiv | ||||
Name | Norges Bank | |||
City and country of registered office (if applicable) | Oslo, Norway | |||
4. Full name of shareholder(s) (if different from 3.)v | ||||
Name | N/A | |||
City and country of registered office (if applicable) | N/A | |||
5. Date on which the threshold was crossed or reachedvi: | 15 August 2022 | |||
6. Date on which issuer notified (DD/MM/YYYY): | 1 November 2023 | |||
7. Total positions of person(s) subject to the notification obligation | ||||
% of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | |
Resulting situation on the date on which threshold was crossed or reached | 3.015200 % | 0.001990 % | 3.017190 % | 220,180,863 |
Position of previous notification (if applicable) | 2.993500 | 0.000430 | 2.993930 |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | ||||
A: Voting rights attached to shares | ||||
Class/type of shares ISIN code (if possible) | Number of voting rightsix | % of voting rights | ||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | |
GB00BP6MXD84 | 196654191 | 2.694800 % | ||
US7802593050 | 23381414 | 0.320400 % | ||
SUBTOTAL 8. A | 220,035,605 | 3.015200% | ||
| ||||
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | ||||
Type of financial instrument | Expiration datex | Exercise/ Conversion Periodxi |