Shell plc (Shell) today confirmed that the assimilation of the company’s A and B shares into a single line of ordinary shares occurred on Saturday January 29, 2022.
Shell announced on December 20, 2021 that its Board had decided to proceed with its proposal to simplify the company’s share structure and align its tax residence with its country of incorporation in the UK (the “Simplification”).
Shell’s shares will today commence dealings on Euronext Amsterdam and the London Stock Exchange, in each case as a single line of ordinary shares. Shell’s American Depositary Shares (“ADSs”) will today commence trading on the New York Stock Exchange as a single line of ADSs.
No new share certificates will be issued in connection with the Simplification.
The assimilation has not altered the total number of shares held by any shareholder or ADSs held by any ADS holder.
For further detail on dealings and settlement in the Netherlands, United Kingdom and the United States and further details of the single line of shares and ADSs please refer to the announcement released on December 20, 2021.
The total number of Shell plc ordinary shares in issue as at 07.00 (UK time) on January 31, 2022 is 7,650,025,905 ordinary shares. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Shell plc under the FCA’s Disclosure Guidance and Transparency Rules, as well as to the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, the AFM).
Together with the first Board meeting held in the UK on December 31, 2021, the change of the company’s name to Shell plc on January 21, 2022 and the assimilation of the A shares and B shares, the Simplification has now been implemented in full.
More information on Simplification can currently be found on the Shell website at www.shell.com/simplification.
For further information Certificated holders, CREST holders and those persons holding through the Shell Corporate Nominee, can call our shareholder helpline (details available on our website). Those investors holding through other nominees, brokers or banks, are best served by contacting the intermediary through which they hold their shares.
Source: Shell
