May 3, 2018 / 7:01 AM / 3 months ago

BRIEF-LB-Shell TO Implement Continuation Option, Appoints New Board

May 3 (Reuters) - LB-Shell PLC:

* UPDATE ON CONTINUATION OPTION AND DIRECTORATE CHANGES

* HAS NOW DECIDED THAT IT IS IN BEST INTERESTS OF SHAREHOLDERS TO LOOK TO IMPLEMENT THE CONTINUATION OPTION

* CONTINUATION OPTION IS EXPECTED TO INVOLVE COMPANY BUYING, INVESTING IN BUSINESS WHICH IS AT THIS POINT UNIDENTIFIED

* NEW BOARD HAS BEEN APPOINTED TO PURSUE CONTINUATION OPTION

* CURRENT BOARD OF DIRECTORS ARE STANDING DOWN AS DIRECTORS WITH IMMEDIATE EFFECT

* NEW BOARD WILL BE SUBJECT TO REAPPOINTMENT AT NEXT AGM Source text for Eikon: Further company coverage:

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