London Stock Exchange welcomes Shell plc on the first day of their single share line trading
Shell plc (Shell) today confirmed that the assimilation of the company’s A and B shares into a single line of ordinary shares occurred on Saturday January 29, 2022.
Shell announced on December 20, 2021 that its Board had decided to proceed with its proposal to simplify the company’s share structure and align its tax residence with its country of incorporation in the UK (the “Simplification”).
Shell’s shares will today commence dealings on Euronext Amsterdam and the London Stock Exchange, in each case as a single line of ordinary shares. Shell’s American Depositary Shares (“ADSs”) will today commence trading on the New York Stock Exchange as a single line of ADSs.
The assimilation has not altered the total number of shares held by any shareholder or ADSs held by any ADS holder.