Notice of General Meeting – Shell seeks Shareholder approval to change articles to implement a simplified structure
Nov 15, 2021
Today, Royal Dutch Shell plc (“Shell”) posted a circular which includes the notice of its GM (the “Circular” and the “Notice”), which can be viewed and downloaded from www.shell.com/gm. The Notice states that the GM is scheduled to be held at Rotterdam Ahoy, Ahoyweg 10, 3084 BA Rotterdam, the Netherlands at 10:00 (Dutch time) on Friday December 10, 2021.
- Shareholders are asked to vote on a special resolution to amend the Royal Dutch Shell plc Articles of Association to allow the simplification of the company’s structure
- Virtual and physical attendance and participation enabled for the General Meeting (“GM”)
- Shareholders encouraged to submit their proxies in advance of the GM, but voting is enabled during the meeting
Shell proposes simplified structure
- Proposal will establish a single line of shares to eliminate the complexity of Shell’s A/B share structure.
- Proposal will also align Shell’s tax residence with its country of incorporation in the UK, where it will hold Board and Executive Committee meetings, and locate its chief executive and chief financial officer.
THE HAGUE, November 15, 2021
The Board of Royal Dutch Shell plc (Shell) today announced a proposal to simplify the company’s share structure to increase the speed and flexibility of capital and portfolio actions. The simplification is designed to strengthen Shell’s competitiveness and accelerate both shareholder distributions and the delivery of its strategy to become a net-zero emissions business. read more
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