20/07/2005 Royal Dutch Shell opens the London markets
Royal Dutch Shell opens the London markets
20 July 2005
In October 2004, Royal Dutch/Shell announced the boldest restructuring in its 97-year history in a move to combine the separate Dutch and English companies into a single group - incorporated and listed in the UK and headquartered and tax resident in the Netherlands with a single board, chairman and chief executive. The proposals to unify the parent companies Royal Dutch Petroleum Company and Shell Transport & Trading Company were approved by shareholders at the AGMs on June 28 2005. All other legal conditions have since been satisfied culminating in the completion of the unification of Royal Dutch Shell plc.
This morning, the Chief Executive of Royal Dutch Shell, Jeroen van der Veer, marked the first day of trading in the company’s shares by opening the markets at the London Stock Exchange.
Mr van der Veer said of the listing: “We are now one company. The shares will trade today. Royal Dutch Shell moves forward.”
Royal Dutch & Shell Transport & Trading plc’s unification and subsequent listing on the London Stock Exchange attracted attention from the world's media, with the BBC, CNBC and CNN interviewing Jeroen van der Veer after the welcome ceremony in the City.