Financial Times: Shell to meet worried investors
“Royal Dutch Shell will today meet representatives of a small number of shareholders who say they have been adversely affected by the recent unification of its British and Dutch parent companies.”
Friday 12 August 2005
By Thomas Catan
Published: August 12 2005
Royal Dutch Shell will today meet representatives of a small number of shareholders who say they have been adversely affected by the recent unification of its British and Dutch parent companies.
On Wednesday, Shell announced it had acquired 98.8 per cent of the shares in Royal Dutch and was considering options to obtain the rest. These include “squeezing out” the remaining shareholders, or further restructuring the now defunct Royal Dutch entity to deal with the problem.
A number of UK resident Royal Dutch shareholders are angry at being hit with capital gains tax after the restructuring. Shell is to meet the Association of Private Client Investment Managers and Stockbrokers to address the concerns.
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