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Shell may reconsider capital structure if Netherlands

REUTERS STAFF: NOVEMBER 2, 2017

AMSTERDAM (Reuters) – Royal Dutch Shell (RDSa.L) could reconsider its capital structure if the Dutch government goes ahead with plans to remove a tax on dividends, Chief Financial Officer Jessica Uhl said on Thursday.

The new Dutch government has proposed to scrap a 15 percent tax on dividend payments as part of its more business-friendly pledges.

“That hasn’t happened yet but if (it did) then we could take a look at the structure,” Uhl told analysts on Thursday.

“But we’ll need to wait for that to actually come to fruition before we move into decision-making in that space.”

A Shell spokeswoman said the capital structure reconsideration would include whether to combine the company’s A and B shares.

(The story was refiled to clarify that Shell is reconsidering capital structure, not dual listing)

Reporting by Karolin Schaps, editing by David Evans

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