BG Group Shareholders Approve Acquisition By Shell

(RTTNews) - BG Group plc (BG.L, BRGYY.PK) said Thursday that a majority of its shareholders voted in favor of the company's combination with Royal Dutch Shell plc (RDS-B, RDSB.L, RDSA.L, RDS). The merger was voted through with 99.55 percent of BG investors in favour.

Following today's approval of the Scheme and the Special Resolution by BG Shareholders, completion of the Combination remains subject to the satisfaction or waiver of the remaining Conditions set out in the Scheme Document, including the Court sanctioning the Scheme at the Court Hearing, which is expected to be held on 11 February 2016. Subject to the Scheme receiving the sanction of the Court on that date, the Scheme is expected to become effective on 15 February 2016.

On Wednesday, Royal Dutch Shell said that its shareholders voted in favor of the company's combination with BG Group. Shell noted that 83.08 percent of its shareholders expressed their support for the recommended combination with BG Group by carrying the resolution to approve and implement the transaction.

Royal Dutch Shell agreed in early April 2015 to acquire BG Group in a cash and stock deal valued at about 47 billion pounds or $69.78 billion.