Royal Dutch Shell Plans UK Listing for 47.8 Mln Shares as Scrip Dividend Alternative to Cash; Stock Slips Pre-Bell

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Royal Dutch Shell (RDS.A, RDS.B) said early Monday it applied for about 47.8 million 'A' ordinary shares of EUR0.07 ($0.08) each to be admitted to the official list of the United Kingdom Listing Authority and traded on the main market of the London Stock Exchange. Shares declined slightly in pre-market.

An application will also be made to Euronext Amsterdam for the shares to be eligible for trading on Euronext Amsterdam, according to a company statement.

The shares are to be issued as a scrip dividend alternative to receiving a cash dividend in respect of Q4 interim dividend and dealings are expected to commence March 27. It will rank pari passu with the existing issued 'A' ordinary shares of EUR0.07 each.

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This article appears in: Investing , ETFs
Referenced Symbols: RDS.A , RDS.B

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