ROYAL DUTCH SHELL PLC THIRD QUARTER
2017 EURO AND GBP EQUIVALENT DIVIDEND
PAYMENTS
The Hague, December 7, 2017 - The Board of Royal Dutch Shell plc (“RDS”) today announced
the pounds sterling and euro equivalent dividend payments in
respect of the third quarter 2017 interim dividend, which was
announced on November 2, 2017 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 €0.3985 per A Share. Holders of A Shares who have validly
submitted pounds sterling currency elections by December 1, 2017 will be entitled to a dividend
of 35.02p per A Share.
Dividends on B Shares will be paid, by default, in pounds
sterling at the rate of 35.02p per B Share. Holders of B Shares who
have validly submitted euro currency elections by December 1, 2017 will be entitled to a dividend
of €0.3985 per B Share.
This dividend will be payable on December
20, 2017 to those members whose names were on the Register
of Members on November 17, 2017.
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. Non-Dutch resident shareholders,
depending on their particular circumstances, may be entitled to a
full or partial refund of Dutch dividend withholding tax. Expected
from 2018, Dutch and non-Dutch resident shareholders who are exempt
from corporate income tax may elect for an exemption from Dutch
dividend withholding tax instead of requesting a refund if tax was
withheld.
Furthermore, in April 2016, there
were changes to the UK taxation of dividends. The dividend tax
credit was abolished, and a new tax free dividend allowance
introduced. Dividend income in excess of the allowance is 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.
Royal Dutch
Shell plc
ENQUIRIES:
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+ 31 (0) 70 377 4540
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337 2034
Media:
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+1 832 337 4355
CAUTIONARY NOTE
The companies in which
Royal Dutch Shell plc directly and indirectly owns investments are
separate legal entities. In this announcement “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 announcement 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 announcement 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
announcement, 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. No assurance is provided that future
dividend payments will match or exceed previous dividend payments.
All forward-looking statements contained in this announcement 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 Form 20-F for the year ended December 31, 2016 (available
at www.shell.com/investor and www.sec.gov). These risk factors also
expressly qualify all forward-looking statements contained in this
announcement and should be considered by the reader. Each
forward-looking statement speaks only as of the date of this
announcement, December 7, 2017. 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
announcement.
This Report contains references to Shell’s website. These
references are for the readers’ convenience only. Shell is not
incorporating by reference any information posted on
www.shell.com
U.S. investors are urged to consider closely the disclosure in our
Form 20-F, File No 1-32575, available on the SEC website
www.sec.gov. You can also obtain this form from the SEC by calling
1-800-SEC-0330.. |
LEI number of Royal Dutch Shell
plc: 21380068P1DRHMJ8KU70