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Oil & Gas

Shell shareholders vote in favour of recommended combination between Shell and BG

Posted: January 27, 2016 at 5:38 pm   /   by   /   comments (0)

ShellRoyal Dutch Shell plc announces the poll result from today’s General Meeting held at the Circustheater, Circusstraat 4, 2586 CW, The Hague, The Netherlands. Shell shareholders expressed their support for the recommended combination with BG Group plc by carrying the resolution to approve and implement the transaction.

Full details of the resolution passed, together with explanatory notes, are set out in the Shell shareholder circular dated December 22, 2015, including notice of the General Meeting, which is available at www.shell.com. The resolution was proposed as an ordinary resolution.

The expected timetable of remaining principal events remains as set out in the Circular.

Should BG shareholders approve the offer at shareholder meetings to be held on January 28, 2016, the transaction would be expected to complete on February 15, 2016, subject to the satisfaction or waiver of certain customary conditions, including the sanction of the scheme of arrangement to implement the combination by the High Court of Justice.

Commenting on the shareholder vote, Ben van Beurden, CEO of Shell, said:
“I am delighted with the positive shareholder vote and the confidence that shareholders have shown in the strategic logic of the combination of Shell and BG. Our immediate focus is on the successful completion of the transaction and we now await the results of tomorrow’s BG shareholder vote.”

(Royal Dutch Shell plc Press Release)

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