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Shell’s contempt for its UK shareholders: Scraps UK satellite AGM

Screen Shot 2013-01-31 at 17.38.03“The decision not to have an audio/visual link to London for this years RDS AGM means that for the first time in history British based shareholders will not be able to attend a Shell AGM in the UK. At the time of the demise of Shell Transport and Trading and the formation of the new Royal Dutch Shell plc. it was stated that this did not mean that Shell was becoming a more Dutch, and less British, company. This was not true…

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By John Donovan

Royal Dutch Shell Plc has published shareholder information about its 2013 AGM that includes the following shocking announcement confirming utter contempt for its UK investors:

“There will not be an audio-visual link to a satellite meeting place in London this year.”

COMMENT FROM A WELL INFORMED INSIDER SOURCE

“The decision not to have an audio/visual link to London for this years RDS AGM means that for the first time in history British based shareholders will not be able to attend a Shell AGM in the UK. At the time of the demise of Shell Transport and Trading and the formation of the new Royal Dutch Shell plc. it was stated that this did not mean that Shell was becoming a more Dutch, and less British, company. This was not true and the latest decision just confirms that the inevitable move to total Dutch control is almost complete. It is likely also that Shell will move to a single Head Office in The Hague before too long. Shell Centre in London is virtually deserted and most of the site is being redeveloped. Insiders say that Shell will not return to Shell Centre when this is completed (from their “temporary” offices in Canary Wharf). Shell Centre will be sold and Shell will gradually move all but a few functions to The Netherlands. This is a complex process and will take time but it is likely to be completed well before the expiry of the 10 year rental arrangements in Canary Wharf.”

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