Nov 15, 2021
Shell tilts to London from Amsterdam in corporate overhaul
Shell has launched an attempt to simplify its structure with a series of moves that will shift it away from Amsterdam and towards London. The oil and gas supermajor on Monday called a shareholder meeting to vote on eliminating its dual share structure and moving its top executives, board and committee meetings and tax residence to the UK. Shell will remain listed in Amsterdam as well as London and New York, and said it expects to remain in the AEX index as well as the FTSE. But the moves mean that it will no longer be able to call itself "Royal Dutch" Shell. Shell said the plans, which will get rid of the A/B share structure, would make buybacks easier and improve its "Competitiveness". Our chief business correspondent Daniel Thomas reports that four out of five bosses said both the economy and their own businesses would improve in the next 12 months, while optimism about the country's general economic condition is back above pre-Brexit levels for the first time. Due Diligence - Top stories from the world of corporate finance.
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