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Shell Launches Shareholder Talks to Win Backing for HQ Move, Sources Say

Shell Launches Shareholder Talks to Win Backing for HQ Move, Sources Say

By Reuters:

LONDON (Reuters) – Royal Dutch Shell has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote.

Shell said this month it would scrap its dual Anglo-Dutch share structure and move its head office to London from The Hague due to the Dutch tax system and after a court ruling over its strategy to reduce greenhouse gas emissions.

The company also plans to move its tax residence to Britain and drop “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc.

(Reporting by Ron Bousso; Editing by Edmund Blair)

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