LNG giant Shell officially changes name

LNG giant Shell has officially removed “Royal Dutch” from its name, as part of plans to ditch the company’s dual share structure and move its headquarters from the Netherlands to Britain.

Shell revealed these plans in November saying the move would simplify the company’s share structure to increase the speed and flexibility of capital and portfolio actions.

It held its first board meeting in London on December 31.

“Shell announced the board’s decision to change its name to Shell plc on December 20, 2021. This change has now taken effect,” the firm said in a statement on Friday.

The firm said it expects that Euronext Amsterdam and the London Stock Exchange would reflect the change of name on January 25, while the New York Stock Exchange would follow on January 31.

Shell added that shareholders should note that the name change would not affect their shareholdings

Also, the firm said that shareholders should retain existing share certificates as they would remain valid for all purposes.

“The ISINs, SEDOLs, CUSIPs and ticker symbols of the company’s A shares and B shares and A ADSs and B ADSs will remain unchanged for the time being but will change in accordance with the remaining steps of the amplification,” Shell said.

- Advertisements -

Most Popular

Stena Bulk sells its last LNG carrier

Swedish shipping firm Stena Bulk has sold its last liquefied natural gas (LNG) carrier to an undisclosed Asian buyer. The...

Gulfstream LNG asks US FERC to start pre-filing process

Houston-based Gulfstream LNG is seeking approval from the US FERC to initiate the environmental pre-filing review for its mid-sized...

Shell launches largest bio-LNG plant in Germany

A unit of LNG giant Shell has launched what it says is the largest bio-LNG production plant in Germany. The...

More News Like This

Shell launches largest bio-LNG plant in Germany

A unit of LNG giant Shell has launched what it says is the largest bio-LNG production plant in Germany. The...

Oman LNG inks 10-year SPA with Shell

State-owned producer Oman LNG has signed a 10-year sales and purchase agreement with a unit of LNG giant Shell. Under...

Shell expects ‘strong’ LNG trading results in Q1

LNG giant Shell is expecting “strong” trading and optimization results for its integrated gas business in the first quarter...

Peru LNG terminal sent five cargoes in March

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped five liquefied natural gas cargoes in March, one shipment more...