Shell begins trading under simpler, single-line share structure – Reuters

Shell begins trading under simpler, single-line share structure – Reuters

Jan 31 (Reuters) - Shell (SHEL.L) began trading with a single line of shares on Monday after the British oil major confirmed the assimilation of its A and B shares over the weekend as part of plans to simplify its two-tier structure.

The group, which ditched "Royal Dutch" from its name earlier this month after moving its headquarters to Britain from the Netherlands, said its shares would start their dealings on the Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange. read more

"The assimilation has not altered the total number of shares held by any shareholder or ADSs (American Depositary Shares) held by any ADS holder," Shell said in its statement.