Energy major Shell announced the Board’s decision to change its name to Shell plc in last December as part of a move to London from The Hague and following plans of a major overhaul. This change has now taken effect.
t is anticipated that Euronext Amsterdam and the London Stock Exchange will reflect the change in name on January 25. New York Stock Exchange will show the changed name on January 31.
Shareholders should note that their shareholdings will be unaffected by the change of name and existing share certificates should be retained as they will remain valid for all purposes and no new share certificates will be issued.
…the company said in its official statement.
The changes will only involve about a dozen executives, including Chief Executive Officer Ben van Beurden and Chief Financial Officer Jessica Uhl, moving to the UK capital.
Despite retaining a significant presence in the Netherlands, the company said it expected that it would “no longer meet the conditions for using the honorary Royal designation”, which it has carried for more than 130 years, Business Standard mentioned.