Shell to List More Shares

Royal Dutch Shell announced on Monday that it had applied for listing 47,791,678 ‘A’ ordinary shares, each worth EUR0.07, to the UK Listing Authority and the London Stock Exchange.

Should the application be accepted, the shares will be listed to the Official List of the United Kingdom Listing Authority traded on the main market of the London Stock Exchange.

An application will also be made to the Euronext Amsterdam, a company statement said.

The shares, which will rank pari passu, are to be traded in the form of scrip dividend, which means shareholders have the option to receive dividend payments in shares rather than cash. Dealings are expected to begin on the coming Monday.