Shell Moves Forward to End Dual-Share Structure
Royal Dutch Shell said Monday it is moving forward with its proposal to end its dual-share structure and transfer its tax residence to the UK from the Netherlands.
The move follows completion talks with the Central Staff Council of Shell Netherlands and the Shell European Works Council as well as receipt of shareholder approval for the necessary amendments to the articles of association, according to the energy firm.
Royal Dutch also the board has decided to change the company’s name to Shell PLC. It will also change its name to Shell PLC as well as its New York Stock Exchange and London Stock Exchange ticker to “SHEL,” effective Feb. 1.
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