Day: February 3, 2022

DISCLOSURE OF REGULATORY CAPITAL REQUIREMENTS AS FROM 1st MARCH 2022 Press releaseParis, 3 February 2022 The European Central Bank notified the level of requirement in respect of P2R (Pillar 2 Requirement) for Societe Generale, which will apply from 1 March 2022. This level stands at 2.12%, including the additional requirement regarding pillar 2 prudential expectations on calendar provisioning regarding non-performing loans granted before 26 April 2019. Considering the combined regulatory buffers, the minimum requirements applicable to Societe Generale on a consolidated basis are respectively 9.23% for the CET1 ratio, 11,13% for the Tier 1 ratio and 13,66% for the Total Capital ratio as of 1 March 2022. With a CET1 ratio at 13.4% (1) as of 30 September 2021, the Group benefits from a comfortable pro-forma buffer of around 420 basis points...

Shell announces commencement of a share buyback programme February 3, 2022Shell plc Shell plc (the ‘company’) today announces the commencement of a share buyback programme of $8.5 billion for the first half of 2022. This comprises the remaining $5.5 billion of Permian divestment proceeds and $3.0 billion as part of the company’s capital allocation framework, which includes shareholder distributions in the range of 20-30% of cash flow from operations.  It is intended that, subject to market conditions, this programme will be completed by the company’s Q2 results, which are scheduled for July 28, 2022. In the first tranche of this buyback programme (the ‘initial programme’), the company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of ordinary shares for a period up to and including May...

On 2 February 2022, Tallinn Circuit Court ruled in favour of AS Ekspress Meedia, a subsidiary that is part of the group of AS Ekspress Grupp in an action brought by MM Grupp OÜ pertaining to rebuttal of false data and compensation for damages. On 24 April, MM Grupp OÜ sought damages of EUR 2 million for compensation of non-monetary or alternatively, future possible monetary damages related to publication of alleged false factual statements. In its judgement made on 2 February 2022, the circuit court dismissed the action brought by MM Grupp OÜ against AS Ekspress Meedia similarly to the judgement made by the county court. The procedural costs at both instances shall be borne by the plaintiff. MM Grupp OÜ has the right to appeal in cessation to the Supreme Court within 30 days from the delivery of the judgement.Signe KukinGroup CFOAS...

London, February 3, 2022 − The Board of Shell plc (“Shell” or the “Company”) today annoShell plc Fourth Quarter 2021 Interim Dividendunced an interim dividend in respect of the fourth quarter of 2021 of US$ 0.24 per ordinary share. The Board expects that the first quarter 2022 interim dividend will be set at US$ 0.25 per share, an increase of around 4% over the US dollar dividend for the fourth quarter 2021. The first quarter 2022 interim dividend is scheduled to be announced on May 5, 2022. Details relating to the fourth quarter 2021 interim dividendPer ordinary share Q4 2021Shell Shares (US$) 0.24With the Company’s tax residence moved to the UK, dividends paid to shareholders on their ordinary shares will not attract Dutch dividend withholding tax. Shareholders will be able to elect to receive their dividends in US dollars,...

London, February 3, 2022 “2021 was a momentous year for Shell. We launched our Powering Progress strategy and simplified our share structure and organisation. Progress made in 2021 will enable us to be bolder and move faster. We have a compelling strategy, with customers at its core. We have ambitious plans to generate shareholder value, to decarbonise our products and to provide energy to our customers while respecting nature. We delivered very strong financial performance in 2021, and our financial strength and discipline underpin the transformation of our company. Today we are stepping up our distributions with the announcement of an $8.5 billion share buyback programme and we expect to increase our dividend per share by around 4% for Q1 2022.”  Shell plc Chief Executive Officer, Ben van Beurden STRONG DELIVERY, ACCELERATED...

                             SHELL PLC 4TH QUARTER 2021 AND FULL YEAR UNAUDITED RESULTS                                                              SUMMARY OF UNAUDITED RESULTSQuarters $ million   Full yearQ4 2021 Q3 2021 Q4 2020 %¹   Reference 2021 2020 %11,461    (447)   (4,014)   +2662 Income/(loss) attributable to Shell plc shareholders   20,101    (21,680)   +19311,081    (988)   (4,478)   +1221 CCS earnings attributable to shareholders Note 2 17,073    (19,921)   +1866,391    4,130    393    +55 Adjusted Earnings²...