Business Context and Reporting Period
This Form 6-K filing by Royal Dutch Shell plc, dated December 13, 2016, reports a notification of a major interest in shares. The filing discloses that BlackRock, Inc. has crossed the 5% voting rights threshold in the company. The transaction triggering this notification occurred on November 14, 2016, and the issuer was notified on December 12, 2016.
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. This document is a regulatory disclosure regarding share ownership and voting rights rather than a financial performance report.
Material Changes
The material change reported is the increase in BlackRock, Inc.'s total voting rights in Royal Dutch Shell plc to 6.16%. This increase resulted from an acquisition of voting rights and qualifying financial instruments.
- Total Voting Rights: 500,040,989 (6.16% of total voting rights).
- Direct Shareholdings:
- Class GB00B03MLX29: 248,378,746 shares (3.06% voting rights).
- Class GB00B03MM408: 228,891,512 shares (2.82% voting rights).
- Qualifying Financial Instruments: Includes securities lending, American Depository Receipts (ADRs), and other instruments contributing approximately 0.22% to the total voting rights.
- Financial Instruments with Similar Economic Effect: Includes CFDs, Equity Linked Notes, and Total Return Swaps contributing approximately 0.04% to the total voting rights.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook, or specific risk factors related to the company's operations. The document strictly details the chain of controlled undertakings through which BlackRock, Inc. holds its voting rights and financial instruments.
Important Facts for Investors to Verify
- BlackRock, Inc. now holds a total of 6.16% of the voting rights in Royal Dutch Shell plc.
- The threshold crossing was triggered by transactions on November 14, 2016.
- The holding includes a mix of direct shares, qualifying financial instruments (such as ADRs), and instruments with similar economic effects (such as CFDs and swaps).
- The filing lists an extensive chain of controlled undertakings under BlackRock, Inc. that effectively hold these rights.