Shell Dual Share Listing Ends Amid Overhaul of Legal, Tax Setup


Reuters

Shell begins trading under simpler, single-line share structure

The group, which ditched “Royal Dutch” from its name earlier this month after moving its headquarters to Britain from the Netherlands, said its shares would start their dealings on the Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange. “The assimilation has not altered the total number of shares held by any shareholder or ADSs (American Depositary Shares) held by any ADS holder,” Shell said in its statement. The oil company had floated plans of a simpler share structure in November and relocated its head office to London from The Hague, pushed away by Dutch taxes and climate pressure faced in court as the energy giant shifts from oil and gas.



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