Royal Dutch is no more – Shell has officially changed its name to Reuters

By Ron Bousso

LONDON (Reuters) – Shell officially changed his name on Friday after being ousted from the Royal Dutch, which has been part of his identity since 1907, following plans to relinquish his double-share structure and move his headquarters from the Netherlands to Britain.

“Shell (LON 🙂 The Board announced its decision to change its name to Shell plc on December 20, 2021. This change is effective,” Shell said in a statement.

The London and Amsterdam Stock Exchanges will reflect the name change on January 25, and the New York Stock Exchange will open on January 31.

The change will not affect ownership of the shares and will remain unchanged at times A and shares B, Shell said.

The shares are expected to be assimilated in a common line https://www.shell.com/media/news-and-media-releases/2021/shell-sets-out-expected-timetable-of-simplification.html. shares on January 29th.

Shell announced in November that https://www.reuters.com/world/uk/shell-proposes-single-share-structure-tax-residence-uk-2021-11-15 would abandon its double-share structure and move its head that he had moved to London for Hague, moving away from Dutch taxes and facing climate pressure in the courts, while the giant energy is shifting from oil and gas.

The company has been in a long-running dispute with the Dutch authorities over the country’s 15% withholding of dividends on some of its shares, which has made it unattractive for international investors. Shell introduced the two-class share structure in 2005 following a previous corporate review.

Shell held its first meeting in London on 31 December.