Shell to Scrap Dual Listing, Shift HQ to London

The Anglo-Dutch company, which for years faced questions from investors about its complex dual listing, also expects to drop “Royal Dutch” from its name. It will become Shell Plc.

Shadia Nasralla and Sachin Ravikumar, Reuters

Royal Dutch Shell Plc said on Nov. 15 it would scrap its dual share structure and shift its tax residence and head office to Britain from the Netherlands, seeking to keep investors on board as the energy giant plans a shift away from oil and gas.

The Anglo-Dutch company, which for years faced questions from investors about its complex dual listing, also expects to drop “Royal Dutch” from its name. It will become Shell Plc.

“The current complex share structure is subject to constraints and may not be sustainable in the long term,” it said, as it announced its plan to focus its listing in London.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access