Reuters: Shell investors set to ditch dual listed structure:nif
Tue Jun 28, 2005
By Tom Bergin, European Oil and Gas Correspondent
LONDON (Reuters) – Royal Dutch/Shell (SHEL.L: Quote, Profile, Research) (RD.AS: Quote, Profile, Research) shareholders are expected to end a century of history on Tuesday when they vote on scrapping the group’s dual-listed structure.
Shell hopes the unification of its Dutch and British parent companies will help streamline its management structure, whose complexity was blamed for a damaging reserves overbooking scandal last year.
Shell is currently 60-percent owned by the Royal Dutch Petroleum Co. and 40 percent by the Shell Transport and Trading Co. Executives of the operating group are drawn from the boards of each holding company.
The unified firm, to be named Royal Dutch Shell Plc, will have clearer reporting lines and has pledged to be more responsive to shareholders.
Investors will meet in The Hague and London on Tuesday to vote on the merger plan. All indications from institutional investors and analysts are that they back the merger.
“It is expected that completion will take place, and that trading in Royal Dutch Shell shares will commence on 20 July 2005,” Citigroup said in a research note.
The new company will be headquartered in The Hague but have its primary listing in London. When it starts to trade it will likely be the world’s third-largest publicly traded oil firm with a market capitalisation of more than $200 billion (110 billion pounds).
Following the unification Shell’s weighting in the FTSE 100 share index is expected to more than double, creating a wave of buying from index-tracking funds.
Goldman Sachs said it expected $7 billion of extra buying interest, which would offer significant support for the shares.
The existence of a single Shell share could also help the group play a bigger role in oil industry consolidation. Shell Chief Financial Officer Peter Voser told a German newspaper earlier this month that the restructuring would allow Shell to use its shares as a currency for acquisitions.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
