Shell plc disclosed its total voting rights and capital structure as of June 30, 2026, providing shareholders with the necessary denominator to calculate their disclosure obligations. The company confirmed that its capital consists of 5,570,928,127 ordinary shares of €0.07 each. Shell plc holds no shares in Treasury, ensuring that the total issued share capital directly determines the voting rights available to investors.

The disclosure was made in conformity with the Disclosure Guidance and Transparency Rules. The figure of 5,570,928,127 shares is critical for shareholders as it is the denominator used to determine if they are required to notify their interest in, or a change to their interest in, Shell plc. This requirement is mandated by the Financial Conduct Authority's (FCA) Disclosure Guidance and Transparency Rules.

Capital Structure Details

The following table outlines the capital structure of Shell plc as of the specified date:

The announcement was made pursuant to Disclosure Guidance and Transparency Rule 5.6.1. This regulatory filing ensures transparency regarding the company's equity structure and aids investors in complying with their own regulatory reporting requirements.

Shell is nearing a deal to sell its South African fuel stations to a unit of Abu Dhabi National Oil Company (Adnoc) for approximately $1 billion. The potential transaction represents a significant divestment for Shell in the region and underscores Adnoc's strategic expansion into African energy markets.

The sale involves Shell's network of fuel stations across South Africa, a key asset in its downstream portfolio. While specific financial details of the agreement remain under wraps, the reported valuation of $1 billion highlights the strategic importance of the assets. The move aligns with global energy majors' efforts to optimize their portfolios and focus on core operations.

Adnoc, through its unit, is actively pursuing growth opportunities beyond its traditional markets. The acquisition of Shell's fuel stations would provide Adnoc with an established retail presence in South Africa, one of the continent's largest and most dynamic economies. This deal follows a broader trend of Middle Eastern energy companies expanding their international footprint.

The transaction is subject to regulatory approvals and customary closing conditions. Once finalized, the sale is expected to reshape the competitive landscape of South Africa's fuel retail sector. Industry observers will be closely watching the implications for both Shell and Adnoc's future strategies in the region.

Key Deal Details

The agreement reflects the evolving dynamics of the global energy sector, where companies are increasingly reallocating capital to high-growth areas. For Shell, the sale could free up resources for investments in renewable energy and other strategic priorities. Meanwhile, Adnoc's move signals its ambition to become a major player in the global downstream market.