Share capital
On January 29, 2022 as part of the Simplification announced on 20 December 2021, the Company’s share capital was assimilated from ordinary A shares and ordinary B shares, into a single line of ordinary shares. Below we provide information on our share capital both before and after the assimilation.
Share capital as at December 31, 2021
The issued and fully paid share capital of the Company at December 31, 2021, was as follows:
|
Issued and fully paid |
|
|---|---|---|
|
Number |
Nominal value |
Ordinary shares of €0.07 each |
|
|
A Shares |
4,101,239,499 |
€287,086,764.93 |
B Shares |
3,582,892,954 |
€250,802,506.78 |
Sterling deferred shares of £1 each |
50,000 |
£50,000 |
Share capital as at February 21, 2022
The issued and fully paid share capital of the Company at February 21, 2022, was as follows:
|
Issued and fully paid |
|
|---|---|---|
|
Number |
Nominal value |
Ordinary shares of €0.07 each |
7,622,217,098 |
€533,555,196.86 |
Sterling deferred shares of £1 each |
50,000 |
£50,000 |
The Directors may only allot new ordinary shares if they have authority from shareholders to do so. The Company seeks to renew this authority annually at its AGM. Under the resolution passed at the Company’s 2021 AGM, the Directors were granted authority to allot ordinary shares up to an aggregate nominal amount equivalent to approximately one-third of the issued ordinary share capital of the Company (in line with the guidelines issued by institutional investors).
The following is a summary of the material terms of the Company’s ordinary shares, including brief descriptions of the provisions contained in the Articles of Association (the Articles) and applicable laws of England and Wales in effect on the date of this document. This summary does not purport to include complete statements of these provisions:
- upon issuance, the ordinary shares are fully paid and free from all liens, equities, charges, encumbrances and other interest of the Company and not subject to calls of any kind;
- all ordinary shares rank equally for all dividends and distributions on ordinary share capital; and
- all ordinary shares are admitted to the Official List of the UK Financial Conduct Authority and to trading on the market for listed securities of the London Stock Exchange. Ordinary shares are also admitted to trading on Euronext Amsterdam. ADSs are listed on the New York Stock Exchange.
At December 31, 2021, trusts and trust-like entities holding shares for the benefit of employee share plans of Shell held (directly and indirectly) 25 million shares of the Company with an aggregate market value of $636 million and an aggregate nominal value of €2 million.
