Reuters: Royal Dutch says to restructure subsidiaries: “The firm said the restructuring would require an extraordinary general meeting of shareholders and should be completed by the end of the year.”: Tuesday 20 Sept 2005

LONDON, Sept 20 (Reuters) - Oil major Royal Dutch Shell (RDSa.L: Quote, Profile, Research) said on Tuesday it was restructuring some subsidiary companies following the unification of its UK and Dutch arms.

As part of the restructuring, Royal Dutch will be merged into a subsidiary, Shell Petroleum NV, and the remaining shareholders in Royal Dutch will receive cash or, for UK resident shareholders if they prefer, loan notes exchangeable into Royal Dutch A shares.

The firm said the restructuring would require an extraordinary general meeting of shareholders and should be completed by the end of the year.

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