Shell begins trading in single-line ordinary shares

Shell plc said on Monday that it had begun trading of single line of ordinary shares, after confirming the assimilation of then A and B shares into a single line of ordinary shares.

The company said in a statement that the assimilation “has not altered the total number of shares held by any shareholder or ADSs held by any ADS holder.”

“Together with the first Board meeting held in the UK on December 31, 2021, the change of the company’s name to Shell plc on January 21, 2022 and the assimilation of the A shares and B shares, the Simplification has now been implemented in full,” the company said in a statement.

Last December, Shell announced its decision to simplify the company’s share structure and align its tax residence with the UK, its new headquarters.

Shell’s shares are traded at Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange.