Shell upsizes sell down of shares in Woodside
Hague. Further to the announcement on November 13, 2017, Royal Dutch Shell plc (Shell) confirms that, following strong demand from institutional investors, Shell Energy Holdings Australia Limited (“SEHAL”) has upsized its previously announced agreement to sell shares in Woodside Petroleum Limited (“Woodside”). A total of 111.8 million shares were agreed to be sold, representing 13.28% of the issued share capital of Woodside and the entirety of SEHAL’s total shareholding in Woodside, for total pre-tax proceeds of $2.7 billion (A$3.5 billion).
Completion is expected to take place on November 14, 2017, with settlement expected on November 16, 2017, informs Shell.