Shell officially change its name, leaving Royal Dutch no longer

Shell officially change its name, leaving Royal Dutch no longer ...

Shell had its national name changed on Friday, removing "Royal Dutch," which has been part of its identity since 1907, following plans to abolish its dual share structure and relocate its head office from the Netherlands to Britain.

Shell's announcement on December 20, 2021, has taken effect, according to a filing.

The stock exchanges in London and Amsterdam will reflect the name change on January 25 while the New York Stock Exchange will follow on January 31.

Shell has stated that this change will not adversely affect share ownership, and that A and B shares will remain unchanged for the time being.

On January 29, the will be divided into a single line of ordinary shares.

Shell plans to delegate its dual-share structure to London from The Hague, pushed away by Dutch taxes and faced climate pressure in court.

Shell has long been in a long-running fight with Dutch authorities over the country's 15% dividend withholding tax on some of its shares, making them less attractive for international investors.

On December 31, Shell held its first board meeting in London.

You may also like: