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Shell shares rise as FTSE 100 energy giant moves corporate HQ to London

London Evening Standard

Shell shares rise as FTSE 100 energy giant moves corporate HQ to London

Shift may reduce pressure over The Hague court ruling on emissions targets

By Simon Freeman: 15 November 2021

ROYAL DUTCH Shell will lose its regal title under proposals to tilt the FTSE 100 oil giant’s centre of gravity from the Netherlands to London.CEO Ben van Beurden (right), CFO Jessica Uhl and seven other senior executives will relocate to the capital full-time in what the £130 billion super-major called a “simplification” of its structure.

Shell’s confusing dual-class shares will be merged into a single line to free up more liquidity as it presses ahead with a $7 billion buyback.

Its corporate HQ and tax residence will shift to the UK where all board and high-level meetings will be held.

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