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ShellAnnouncement

07/01/2022 18:00

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RNS Number : 8400X  FTSE Russell  07 January 2022

 

Royal Dutch Shell (UK) - Simplification of Share Structure

Informative Notice

07 January 2022

 

 

 

FTSE Russell notes the announcement of the timetable by Royal Dutch Shell in
relation to the simplification of its share structure, whereby each share of
Royal Dutch Shell A (UK, B03MLX2, FTSE 100 Index, GEIS Large Cap) and Royal
Dutch Shell B (UK, B03MM40, FTSE 100 Index, GEIS Large Cap) will be
assimilated into a single line of Shell Plc (UK, BP6MXD8). Shell Plc will be
incorporated and tax resident in the UK.

Based on the current expected timetable, FTSE Russell anticipates the
following treatment:

Friday 28 January 2022:

The last day of trading of the A and B shares.

Monday 31 January 2022 (from market open):

The simplified Shell Plc line will commence trading with the current A line
being retained within its existing FTSE Russell indices, with its shares being
updated to incorporate the simplification terms. This will be implemented with
updates to the A line's name, codes, tax treatment, shares in issue, and its
investability weight.

The B line security will be removed from all FTSE Russell indices.

The index changes will be implemented using market prices (i.e. using the
close prices from Friday 28 January 2022). FTSE Russell will release further
index notices in due course.

Please note: Following the effective date, there will be no withholding tax
levied on dividends distributed by the UK tax resident company, this will
result in no difference applied within the FTSE Total Return Indices and FTSE
Total Return Declared Dividend Indices, please refer to the 17 November 2021
notice
(https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2602294)
for further detail.

 

 

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