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Royal Dutch Shell to be fully incorporated in London ... need to avoid EU rules, legislation and Climate regulation.

Notice of General Meeting - Shell seeks Shareholder approval to change articles to implement a simplified structure

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.

Shell's Chair, Sir Andrew Mackenzie, said: "At a time of unprecedented change for the industry, it's even more important that we have an increased ability to accelerate the transition to a lower-carbon global energy system. A simpler structure will enable Shell to speed up the delivery of its Powering Progress strategy, while creating value for our shareholders, customers and wider society."

Under the proposal announced today, Shell intends to change its share structure to establish a single line of shares, which is simpler for investors to understand and value. The company will also align its tax residence with its country of incorporation in the UK.

Shell has been incorporated in the UK with Dutch tax residence and a dual share structure since the 2005 unification of Koninklijke Nederlandsche Petroleum Maatschappij and The Shell Transport and Trading Company under a single parent company. It was not envisaged at the time of unification that the current A/B share structure would be permanent.

So the Dutch won't need to join UK and US in sending military into Iraq and Libya? Dutch Shell is a partner in Iranian oil ... an alert to Tehran.

Shell: Netherlands court orders oil giant to cut emissions | BBC News - May 28, 2021 |

Dutch Justice: Royal Dutch Shell must reduce CO2 emissions

The Hague District Court has ordered Royal Dutch Shell (RDS) to reduce the CO2 emissions of the Shell group by net 45% in 2030, compared to 2019 levels, through the Shell group's corporate policy.

Shell confirms decision to appeal court ruling in Netherlands climate case

'Sapere aude'

by Oui (Oui) on Mon Nov 15th, 2021 at 08:21:54 AM EST

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