The Toronto Stock Exchange reports that ARC Resources Ltd. will be delisted at the close on Sept. 4, 2026. According to the TSX, Shell PLC, through an indirect, wholly owned subsidiary, has acquired all of the issued and outstanding shares of ARC pursuant to a statutory plan of arrangement under Section 193 of the Business Corporations Act (Alberta). The arrangement was approved by the ARC shareholders on July 14, 2026.

The TSX reports that ARC shareholders are entitled to receive, in exchange for each ARC share held: (i) $8.20 in cash; and (ii) 0.40247 of an ordinary share of Shell. Ineligible foreign holders should refer to the circular for alternative exchange procedures.

The TSX notes that no fractional Shell shares will be issued under the plan of arrangement. If a former ARC shareholder would otherwise be entitled to receive a fractional Shell share, the number of Shell shares to be delivered to such former ARC shareholder will be rounded down to the nearest whole Shell share and such former ARC shareholder will receive a cash payment for the fractional interest, as further described in the circular. To receive the consideration, ARC shareholders must return the letter of transmittal together with share certificates to Computershare Investor Services Inc. at its principal office in Toronto.

For more information, see ARC's management information circular dated June 9, 2026, available on SEDAR+.