Cancellation and repayment of Shell Transport Preference Shares
Released: 14 Jul 2005
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO ITALY OR JAPAN
ANNOUNCEMENT BY THE “SHELL” TRANSPORT AND TRADING COMPANY, PUBLIC LIMITED COMPANY (“SHELL TRANSPORT”)
On 19 May 2005, the boards of Shell Transport, N.V. Koninklijke Nederlandsche Petroleum Maatschappij (“Royal Dutch”) and Royal Dutch Shell plc jointly announced the final proposals for the recommended unification of Royal Dutch and Shell Transport. In conjunction with these proposals, the board of Shell Transport also announced its intention to cancel and repay the 5 ½% First Preference shares and 7% Second Preference shares in the capital of Shell Transport (the “First Preference Shares” and “Second Preference Shares”, respectively). The board of Shell Transport is pleased to announce that the High Court has today approved the cancellation and repayment of the First Preference Shares and Second Preference Shares.
It is expected that the order of the High Court relating to the cancellation and repayment will become effective shortly after 8.00 a.m. (UK time) on 15 July 2005 following the registration of the order with the Registrar of Companies in England and Wales. Dealings in First Preference Shares and Second Preference Shares on the London Stock Exchange will cease at the close of business today and they will be cancelled following the registration of the High Court order.
Cheques in respect of the payment of £1.0448 per First Preference Share and £1.4735 per Second Preference Share will be posted to persons holding First Preference Shares or Second Preference Shares respectively as at 6.00 p.m. (UK time) today, 14 July 2005, as soon as possible following the registration of the order of the High Court by the Registrar of Companies in England and Wales.