Breaking: Shell shareholders approve UK relocation

Breaking: Shell shareholders approve UK relocation

Shell will move its headquarters from the Netherlands to the UK, following a key shareholder vote in Rotterdam.

The plans, announced last month, would see Shell (LON: RDSA) move its tax residence from the Netherlands to the UK, where it would relocate its chief executive and chief financial officer. Board and executive committee meetings would also be held in the UK.

The board of the oil giant said that it would hold a general meeting today to vote on the special resolution.