THE HAGUE, the Netherlands,
September 5, 2016 /PRNewswire/ --
The Board of Royal Dutch Shell
plc ("RDS") (NYSE: RDS.A)(NYSE: RDS.B) today announced the pounds
sterling and euro equivalent dividend payments in respect of the
second quarter 2016 interim dividend, which was announced on
July 28, 2016 at US$0.47 per A ordinary share ("A Share") and B
ordinary share ("B Share").
Dividends on A Shares will be paid, by default, in euro at the
rate of €0.4218 per A Share. Holders of A Shares who have validly
submitted pounds sterling currency elections by August 26, 2016 will be entitled to a dividend of
35.27p per A Share.
Dividends on B Shares will be paid, by default, in pounds
sterling at the rate of 35.27p per B Share. Holders of B Shares who
have validly submitted euro currency elections by August 26, 2016 will be entitled to a dividend of
€0.4218 per B Share.
This dividend will be payable on September 19, 2016 to those members whose names
were on the Register of Members on August
12, 2016.
Taxation - cash dividend
Cash dividends on A Shares will be subject to the deduction of
Dutch dividend withholding tax at the rate of 15%, which may be
reduced in certain circumstances. Based on a policy statement
issued by the Dutch Ministry of Finance on April 29, 2016, and depending on their particular
circumstances, non-Dutch individual shareholders may be entitled to
a full or partial refund of Dutch dividend withholding tax.
Furthermore, in April 2016, there
were changes to the UK taxation of dividends. The dividend tax
credit has been abolished, and a new tax free dividend allowance of
£5,000 introduced. Dividend income in excess of the allowance will
be taxable at the following rates: 7.5% within the basic rate band;
32.5% within the higher rate band; and 38.1% on dividend income
taxable at the additional rate.
If you are uncertain as to the tax treatment of any dividends
you should consult your own tax advisor.
CAUTIONARY NOTE:
The companies in which Royal Dutch
Shell plc directly and indirectly owns investments are
separate legal entities. In this release "Shell", "Shell group" and
"Royal Dutch Shell" are sometimes
used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in
general. Likewise, the words "we", "us" and "our" are also used to
refer to subsidiaries in general or to those who work for them.
These expressions are also used where no useful purpose is served
by identifying the particular company or companies.
'‘Subsidiaries'’, "Shell subsidiaries" and "Shell companies" as
used in this release refer to companies over which Royal Dutch Shell plc either directly or
indirectly has control. Entities and unincorporated arrangements
over which Shell has joint control are generally referred to as
"joint ventures" and "joint operations" respectively.
Entities over which Shell has significant influence but
neither control nor joint control are referred to as "associates".
The term "Shell interest" is used for convenience to indicate the
direct and/or indirect ownership interest held by Shell in a
venture, partnership or company, after exclusion of all third-party
interest.
This release contains forward-looking statements concerning the
financial condition, results of operations and businesses of
Royal Dutch Shell. All statements
other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are
statements of future expectations that are based on management's
current expectations and assumptions and involve known and unknown
risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of
Royal Dutch Shell to market risks
and statements expressing management's expectations, beliefs,
estimates, forecasts, projections and assumptions. These
forward-looking statements are identified by their use of terms and
phrases such as '‘anticipate'’, '‘believe'’, '‘could'’,
'‘estimate'’, '‘expect'’, '‘goals'’, '‘intend'’, '‘may'’,
'‘objectives'’, '‘outlook'’, '‘plan'’, '‘probably'’, '‘project'’,
'‘risks'’, "schedule", '‘seek'’, '‘should'’, '‘target'’, '‘will'’
and similar terms and phrases. There are a number of factors that
could affect the future operations of Royal
Dutch Shell and could cause those results to differ
materially from those expressed in the forward-looking statements
included in this release, including (without limitation): (a) price
fluctuations in crude oil and natural gas; (b) changes in demand
for Shell's products; (c) currency fluctuations; (d) drilling and
production results; (e) reserves estimates; (f) loss of market
share and industry competition; (g) environmental and physical
risks; (h) risks associated with the identification of suitable
potential acquisition properties and targets, and successful
negotiation and completion of such transactions; (i) the risk of
doing business in developing countries and countries subject to
international sanctions; (j) legislative, fiscal and regulatory
developments including regulatory measures addressing climate
change; (k) economic and financial market conditions in various
countries and regions; (l) political risks, including the risks of
expropriation and renegotiation of the terms of contracts with
governmental entities, delays or advancements in the approval of
projects and delays in the reimbursement for shared costs; and (m)
changes in trading conditions. All forward-looking statements
contained in this release are expressly qualified in their entirety
by the cautionary statements contained or referred to in this
section. Readers should not place undue reliance on forward-looking
statements. Additional risk factors that may affect future results
are contained in Royal Dutch Shell's 20-F for the year ended
December 31, 2015 (available at http://www.shell.com/investor and
http://www.sec.gov ). These risk factors also expressly qualify all
forward looking statements contained in this release and should be
considered by the reader. Each forward-looking statement
speaks only as of the date of this release, September 5, 2016
Neither Royal Dutch Shell plc nor any of its subsidiaries undertake
any obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or other
information. In light of these risks, results could differ
materially from those stated, implied or inferred from the
forward-looking statements contained in this release.
We may have used certain terms, such as resources, in this
release that United States Securities and Exchange Commission (SEC)
strictly prohibits us from including in our filings with the SEC.
U.S. Investors are urged to consider closely the disclosure
in our Form 20-F, File No 1-32575, available on the SEC website
http://www.sec.gov.
Royal Dutch Shell plc
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SOURCE Royal Dutch Shell plc