FROM OUR JULY 2005 SHELL NEWS ARCHIVE
New York Times: Court Approves Unification of Shell Group
“The restructuring came amid a scandal over Shell’s restatement of its oil and gas reserves. In February the company announced the fifth restatement in just over a year. In all, reserves have been cut by 6.85 billion barrels to 11.9 billion barrels at the end of 2004.”
Tuesday 19 July 2005
By THE ASSOCIATED PRESS
THE HAGUE, Netherlands (AP) — A British court on Tuesday approved the unification of the Royal Dutch/Shell Group of Cos. into one corporation in time for the start of trading a day later.
Shell declared its public exchange offer for all ordinary shares of Royal Dutch unconditional, with nearly 92 percent of outstanding shares in the Dutch arm having been tendered. Stock in the joint company will be traded beginning Wednesday morning in London and Amsterdam as Royal Dutch Shell PLC.