The shell announced on Monday a rationalization of a share structure in which A/B shared classes are deleted.
Energy giants said that the movements needed to promote more simple distributions to shareholders and to support the transition of business to pure zero.
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The shell also place CEO and CFO here with tax residence in the UK.
The shell chair, Andrew Mackenzie IR, states: “It is even more important for the industry to improve the ability to accelerate the transition to a low -carbon global energy system during an unprecedented change. Shells are more valuable for shareholders, customers, and wider society due to a simpler structure. You can speed up the power environment strategy while creating.
Shells are still listed in London as part of the proposal, and keeps the list of Amsterdam and ADR access in New York.
“The shell proposes a change to the organizational method, excludes stock classes, and integrates taxes in the UK. Laura Hoy Equity analyst states:
“Aside from the fact that the shares they own are no longer the” royal family “, this new alignment will not change much for investors. The long -term growth story of the shell still depends on the petroleum price. For now, buoyant crude oil prices continue to replenish the group’s cash resources. However, the inevitable shift to sustainable energy gains steam, so the need to invest in more environmentally friendly operations seems to be covering what the group can tell shareholders. Masu. “
