December ’21- Royal Dutch Shell Plc shareholders approved the relocation of the company’s headquarters to London from The Netherlands, a move that will help it to boost returns while transitioning to clean energy.
A “resounding” 99.8% of votes cast by investors were in favor of the proposal, Shell Chairman Andrew Mackenzie said in a statement on Friday. Shell’s board still needs to hold a meeting to give final approval to the decision. The company expects the process to be completed in early 2022.
The company is seeking to convince investors, governments and environmental groups that it can transform itself into a company fit for a net-zero carbon world. Key to that plan, the company says, is adopting a single line of shares in one country that will make it easier to buy and sell assets as well as return cash to shareholders.