How you receive your Consideration depends on how you hold your ARC Shares.
If you are a:
Please review the Settlement Mechanics Overview and the Information Circular to ensure you complete all necessary actions to receive your Consideration once the transaction closes (“the Effective Date”).
Please note, ARC Shareholders have until 3 years following the Effective Date to receive their Consideration. After this time, if no action has been taken, your Consideration will be forfeited.
ARC Shares are held directly in your name with a share certificate through Computershare – hard copy or electronic copy – known as a Direct Registration System Advice (“DRS Advice”).
The Liquidity Option enables Registered ARC Shareholders to receive a cash amount equal to the net proceeds from the sale of all of the Shell Consideration Shares (less any applicable taxes and fees) to which they would be entitled, in lieu of receiving Shell Consideration Shares directly.
Actions Required:
Outcome:
ARC Shareholders can expect to receive the following:
Payments will be distributed, as directed in the Letter of Transmittal, by cheque via first-class insured mail or by wire transfer.
Registered ARC Shareholders who wish to hold and trade their Shell Consideration Shares electronically on the London Stock Exchange following the Effective Date must have a CREST account. CREST is the electronic settlement system for UK securities operated by Euroclear.
Actions Required:
If you would like to be able to trade your Shell Shares electronically, you must set up a CREST account personally or arrange access to one through a broker. ARC Shareholders are encouraged to set up their CREST accounts in advance of the transaction closing.
If no CREST account information is included, Shell Share certificates will be issued that can later be deposited into a valid CREST account.
Outcome:
ARC Shareholders can expect to receive the following:
Payments will be distributed, as directed in the Letter of Transmittal, by cheque via first-class insured mail or by wire transfer.
See the Letter of Transmittal for more details.
The majority of ARC Shareholders are Beneficial Shareholders. Beneficial Shareholders are those who hold ARC Shares through an intermediary or broker. Beneficial ARC Shareholders will receive the total Consideration (Cash and Shell Consideration Shares) through their intermediary / broker with whom they hold their ARC Shares.
Intermediaries / brokers must have a CREST account set-up to deposit the Shell Consideration Shares on a Beneficial ARC Shareholder’s behalf. CREST is the electronic settlement system for UK securities operated by Euroclear by which Shell Shares can be traded electronically on the London Stock Exchange.
If the intermediary / broker does not have access to a CREST account, the intermediary / broker will receive Shell Share certificates that can later be deposited into a valid CREST account. Beneficial ARC Shareholders are cautioned that Shell Consideration Shares will not be available to trade until the share certificates are deposited into a CREST account. Alternatively, Shell Share certificates may be sold through a broker that offers a certificated dealing service.
Actions Required
Outcome:
Beneficial ARC Shareholders can expect to receive the following:
Payments will be made through the arrangements already in place with your intermediary or broker.
For questions related to the Arrangement, the Information Circular and how to receive your Consideration, please contact ARC’s proxy solicitation agent:
By calling or texting “INFO” to:
By email to: [email protected]
For specific questions related to the Letter of Transmittal, please contact the Depositary:
We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking “Accept & Close”, you consent to our use of cookies policy