BusinessCompany NewsShell set to settle UK investor battle

Shell set to settle UK investor battle

Oil giant reaches provisional settlement with rebel shareholders

Royal Dutch Shell could be landed with as much as a £500m payout to minority
shareholders, after agreeing a settlement.

The case, brought to the courts by British hedge fund Trafalgar Asset
Managers, followed the failure by 1.5% of Royal Dutch investors to agree on the
oil giant’s restructuring plans.

Shell had offered the shareholders 52.21 euros for every share held, but
Trafalgar argued that the price had been set too low.

An independent body will determine whether the price is fair, which could
mean Shell paying out anything between 60 euros and 77 euros per share,
according to a report in the Daily Telegraph.

The merger plans, formally bringing together the closely linked businesses,
has also been criticised for leaving UK shareholders of Royal Dutch with a
multimillion-pound capital gains tax bill.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor