21.05.2024 16:08:12 - dpa-AFX: GNW-News: Result of AGM

SHELL PLC
RESULT OF ANNUAL GENERAL MEETING
Shell plc announces the poll results on the resolutions at its Annual General
Meeting held on Tuesday May 21, 2024 at the InterContinental London - The O2, 1
Waterview Drive, Greenwich Peninsula, London SE10 0TW. Resolutions 1-22 were
carried and resolution 23 was not carried.
In accordance with the Listing Rules, a copy of all resolutions other than
resolutions concerning ordinary business at the Annual General Meeting, will be
submitted to the National Storage Mechanism and will be available for inspection
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |              |             |     |             |     |             | % of |           |
|  |              |    VOTES    |     |    VOTES    |     |    VOTES    | ISC  |   VOTES   |
|  |  RESOLUTION  |     FOR     |  %  |   AGAINST   |  %  |    TOTAL    |VOTED | WITHHELD  |

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Receipt of    |             |     |             |     |             |      |           |
|  |Annual Report |             |     |             |     |             |      |           |
|1 |& Accounts    |4,009,732,721|99.10|   36,482,712| 0.90|4,046,215,433|63.46%| 24,377,242|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Approval of   |             |     |             |     |             |      |           |
|  |Directors'    |             |     |             |     |             |      |           |
|  |Remuneration  |             |     |             |     |             |      |           |
|2 |Report        |3,837,712,517|94.83|  209,399,986| 5.17|4,047,112,503|63.47%| 23,487,236|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|3 |of Dick Boer  |3,942,771,765|97.41|  104,784,962| 2.59|4,047,556,727|63.48%| 22,984,294|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|4 |of Neil Carson|3,997,581,756|98.77|   49,763,124| 1.23|4,047,344,880|63.47%| 23,190,477|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|  |of Ann        |             |     |             |     |             |      |           |
|5 |Godbehere     |3,888,176,915|96.06|  159,316,307| 3.94|4,047,493,222|63.48%| 23,046,493|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|  |of Sinead     |             |     |             |     |             |      |           |
|6 |Gorman        |3,991,395,067|98.61|   56,394,263| 1.39|4,047,789,330|63.48%| 22,747,157|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|  |of Jane Holl  |             |     |             |     |             |      |           |
|7 |Lute          |3,997,349,786|98.76|   50,170,807| 1.24|4,047,520,593|63.48%| 23,016,821|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|  |of Catherine  |             |     |             |     |             |      |           |
|8 |Hughes        |3,853,419,013|95.95|  162,591,533| 4.05|4,016,010,546|62.98%| 54,522,444|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|  |of Sir Andrew |             |     |             |     |             |      |           |
|9 |Mackenzie     |3,623,716,656|90.16|  395,506,547| 9.84|4,019,223,203|63.03%| 51,311,361|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|  |of Sir Charles|             |     |             |     |             |      |           |
|10|Roxburgh      |3,999,894,421|98.83|   47,509,826| 1.17|4,047,404,247|63.48%| 23,133,424|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|11|of Wael Sawan |3,965,223,304|98.66|   54,053,413| 1.34|4,019,276,717|63.03%| 51,249,526|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|  |of Abraham    |             |     |             |     |             |      |           |
|12|(Bram) Schot  |3,978,062,767|98.29|   69,181,183| 1.71|4,047,243,950|63.47%| 23,282,924|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|  |of Leena      |             |     |             |     |             |      |           |
|13|Srivastava    |3,998,196,209|98.79|   49,114,863| 1.21|4,047,311,072|63.47%| 23,224,097|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|  |of Cyrus      |             |     |             |     |             |      |           |
|14|Taraporevala  |3,999,602,499|98.83|   47,257,645| 1.17|4,046,860,144|63.47%| 23,670,224|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Reappointment |             |     |             |     |             |      |           |
|15|of Auditors   |4,005,238,096|99.02|   39,591,593| 0.98|4,044,829,689|63.43%| 25,721,016|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Remuneration  |             |     |             |     |             |      |           |
|16|of Auditors   |4,035,800,899|99.71|   11,770,670| 0.29|4,047,571,569|63.48%| 22,973,578|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Authority to  |             |     |             |     |             |      |           |
|17|allot shares  |3,959,020,201|97.81|   88,490,958| 2.19|4,047,511,159|63.48%| 23,027,771|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Disapplication|             |     |             |     |             |      |           |
|  |of pre-emption|             |     |             |     |             |      |           |
|18|rights*       |4,008,888,982|99.24|   30,790,514| 0.76|4,039,679,496|63.35%| 30,899,014|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Authority to  |             |     |             |     |             |      |           |
|  |make on-market|             |     |             |     |             |      |           |
|  |purchases of  |             |     |             |     |             |      |           |
|19|own shares*   |4,008,568,712|99.05|   38,343,081| 0.95|4,046,911,793|63.47%| 23,629,957|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Authority to  |             |     |             |     |             |      |           |
|  |make off-     |             |     |             |     |             |      |           |
|  |market        |             |     |             |     |             |      |           |
|  |purchases of  |             |     |             |     |             |      |           |
|20|own shares*   |3,990,697,774|98.62|   55,808,260| 1.38|4,046,506,034|63.46%| 24,037,019|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Authority for |             |     |             |     |             |      |           |
|  |certain       |             |     |             |     |             |      |           |
|  |donations and |             |     |             |     |             |      |           |
|21|expenditure   |3,996,889,885|98.77|   49,679,442| 1.23|4,046,569,327|63.46%| 23,981,892|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Shell's Energy|             |     |             |     |             |      |           |
|  |Transition    |             |     |             |     |             |      |           |
|  |Strategy 2024 |             |     |             |     |             |      |           |
|22|resolution    |2,982,949,868|78.03|  839,906,774|21.97|3,822,856,642|59.95%|247,686,231|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
|  |Shareholder   |             |     |             |     |             |      |           |
|23|resolution*   |  735,224,835|18.62|3,213,314,502|81.38|3,948,539,337|61.92%|122,002,084|

+--+--------------+-------------+-----+-------------+-----+-------------+------+-----------+
* Special resolution
Please note that a 'vote withheld' is not a vote under English Law and is not
counted in the calculation of the proportion of the votes 'for' and 'against' a
resolution.
Shell Chief Executive Officer Wael Sawan said: 'Shell's shareholders have
strongly backed our strategy to deliver more value with less emissions, as we
transform to become a net-zero emissions energy business by 2050. Our focus on
performance, discipline and simplification enables us to invest in providing the
energy the world needs today, and in helping to build the low-carbon energy
system of the future.'
The level of votes on Resolution 22 requires us to explain what actions we
intend to take to consult shareholders in order to understand the reasons behind
the result, and report back within six months. We will meet this obligation by
continuing to engage with shareholders on why we believe our strategy keeps us
on the right path.
May 21, 2024
Caroline J.M. Omloo
Company Secretary
Shell plc
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.
Cautionary Note
The companies in which Shell plc directly and indirectly owns investments are
separate legal entities. In this announcement 'Shell', 'Shell Group' and 'Group'
are sometimes used for convenience where references are made to Shell plc and
its subsidiaries in general. Likewise, the words 'we', 'us' and 'our' are also
used to refer to Shell plc and its subsidiaries in general or to those who work
for them. These terms are also used where no useful purpose is served by
identifying the particular entity or entities. ''Subsidiaries'', 'Shell
subsidiaries' and 'Shell companies' as used in this announcement refer to
entities over which Shell plc either directly or indirectly has control. The
term 'joint venture', 'joint operations', 'joint arrangements', and 'associates'
may also be used to refer to a commercial arrangement in which Shell has a
direct or indirect ownership interest with one or more parties. The term 'Shell
interest' is used for convenience to indicate the direct and/or indirect
ownership interest held by Shell in an entity or unincorporated joint
arrangement, after exclusion of all third-party interest.
Forward-Looking Statements
This announcement contains forward-looking statements (within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995) concerning the financial
condition, results of operations and businesses of Shell. All statements other
than statements of historical fact are, or may be deemed to be, forward-looking
statements. Forward-looking statements are statements of future expectations
that are based on management's current expectations and assumptions and involve
known and unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or implied in
these statements. Forward-looking statements include, among other things,
statements concerning the potential exposure of Shell to market risks and
statements expressing management's expectations, beliefs, estimates, forecasts,
projections and assumptions. These forward-looking statements are identified by
their use of terms and phrases such as 'aim'; 'ambition'; 'anticipate';
'believe';'commit'; 'commitment'; 'could'; 'estimate'; 'expect'; 'goals';
'intend'; 'may'; 'milestones'; 'objectives'; 'outlook'; 'plan'; 'probably';
'project'; 'risks'; 'schedule'; 'seek'; 'should'; 'target'; 'will'; 'would' and
similar terms and phrases. There are a number of factors that could affect the
future operations of Shell and could cause those results to differ materially
from those expressed in the forward-looking statements included in this
announcement, including (without limitation): (a) price fluctuations in crude
oil and natural gas; (b) changes in demand for Shell's products; (c) currency
fluctuations; (d) drilling and production results; (e) reserves estimates; (f)
loss of market share and industry competition; (g) environmental and physical
risks; (h) risks associated with the identification of suitable potential
acquisition properties and targets, and successful negotiation and completion of
such transactions; (i) the risk of doing business in developing countries and
countries subject to international sanctions; (j) legislative, judicial, fiscal
and regulatory developments including regulatory measures addressing climate
change; (k) economic and financial market conditions in various countries and
regions; (l) political risks, including the risks of expropriation and
renegotiation of the terms of contracts with governmental entities, delays or
advancements in the approval of projects and delays in the reimbursement for
shared costs; (m) risks associated with the impact of pandemics, such as the
COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russia-Ukraine
war, and a significant cybersecurity breach; and (n) changes in trading
conditions. No assurance is provided that future dividend payments will match or
exceed previous dividend payments. All forward-looking statements contained in
this announcement are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Readers should not place
undue reliance on forward-looking statements. Additional risk factors that may
affect future results are contained in Shell plc's Form 20-F for the year ended
December 31, 2023 (available at www.shell.com/investors/news-and-filings/sec-
filings.html and www.sec.gov). These risk factors also expressly qualify all
forward-looking statements contained in this announcement and should be
considered by the reader. Each forward-looking statement speaks only as of the
date of this announcement, May 21, 2024. Neither Shell plc nor any of its
subsidiaries undertake any obligation to publicly update or revise any forward-
looking statement as a result of new information, future events or other
information. In light of these risks, results could differ materially from those
stated, implied or inferred from the forward-looking statements contained in
this announcement.
Shell's Net Carbon Intensity
Also, in this announcement we may refer to Shell's 'Net Carbon Intensity' (NCI),
which includes Shell's carbon emissions from the production of our energy
products, our suppliers' carbon emissions in supplying energy for that
production and our customers' carbon emissions associated with their use of the
energy products we sell. Shell's NCI also includes the emissions associated with
the production and use of energy products produced by others which Shell
purchases for resale. Shell only controls its own emissions. The use of the
terms Shell's 'Net Carbon Intensity' or NCI are for convenience only and not
intended to suggest these emissions are those of Shell plc or its subsidiaries.
Shell's net-zero emissions target
Shell's operating plan, outlook and budgets are forecasted for a ten-year period
and are updated every year. They reflect the current economic environment and
what we can reasonably expect to see over the next ten years. Accordingly, they
reflect our Scope 1, Scope 2 and NCI targets over the next ten years. However,
Shell's operating plans cannot reflect our 2050 net-zero emissions target, as
this target is currently outside our planning period. In the future, as society
moves towards net-zero emissions, we expect Shell's operating plans to reflect
this movement. However, if society is not net zero in 2050, as of today, there
would be significant risk that Shell may not meet this target.
Forward Looking non-GAAP measures
This announcement may contain certain forward-looking non-GAAP measures such as
cash capital expenditure and divestments. We are unable to provide a
reconciliation of these forward-looking non-GAAP measures to the most comparable
GAAP financial measures because certain information needed to reconcile those
non-GAAP measures to the most comparable GAAP financial measures is dependent on
future events some of which are outside the control of Shell, such as oil and
gas prices, interest rates and exchange rates. Moreover, estimating such GAAP
measures with the required precision necessary to provide a meaningful
reconciliation is extremely difficult and could not be accomplished without
unreasonable effort. Non-GAAP measures in respect of future periods which cannot
be reconciled to the most comparable GAAP financial measure are calculated in a
manner which is consistent with the accounting policies applied in Shell plc's
consolidated financial statements.
The contents of websites referred to in this announcement do not form part of
this announcement.
We may have used certain terms, such as resources, in this announcement that the
United States Securities and Exchange Commission (SEC) strictly prohibits us
from including in our filings with the SEC. Investors are urged to consider
closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC
website www.sec.gov.
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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SHELL PLC EO-07 A3C99G Xetra 32,215 14.06.24 17:35:57 -0,175 -0,54% 0,000 0,000 32,555 32,215

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