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Royal Dutch Shell shareholders vote to drop dual structure and move to London

Dec 10th, 2021
by John Donovan.

The Times

Royal Dutch Shell shareholders vote to drop dual structure and move to London

Emily Gosden, Energy Editor:
 
Shareholders in Royal Dutch Shell have overwhelmingly approved changes that will allow it to collapse its dual share structure and move its headquarters and tax base from the Netherlands to Britain.
 
The changes, which are also expected to include Shell losing “Royal Dutch” from its name, won the support of 99.77 per cent of those who submitted votes before a meeting in Rotterdam this morning.

Shell’s board will need to take a final decision on the changes, expected early in the new year, but Sir Andrew Mackenzie, the chairman, said: “We feel pretty strongly as a board that we are likely to move forward.”

Mackenzie and Jessica Uhl, the chief financial officer, faced questions from shareholders over renewed efforts in the Netherlands to impose…

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Posted in: Alternative Energy, Big Oil, Climate Change, Dutch, Goodbye Royal Dutch Shell Plc, Royal Dutch Shell Plc, Shell, Shell PLC, Sin Stocks, Sir Andrew Mackenzie.
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