Shell to scrap dual share structure, as it battles activist investor

Published by
Reuters

(Reuters) -Royal Dutch Shell will scrap its dual share system in favour of a single class of shares to boost shareholder payouts and simplify its structure, it said on Monday, as the energy giant battles calls from an activist investor to split up. The company, which has set targets to gradually shift from hydrocarbons, expects to drop “Royal Dutch” from its name and be called Shell Plc. It also plans to move its tax residence to Britain, its country of incorporation, from the Netherlands. The moves come weeks after hedge fund Third Point disclosed a large stake in Shell, calling on the oil an…

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