THE HAGUE, Netherlands,
December 7, 2017 /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 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.
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 http://www.shell.com/investor and http://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
http://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
http://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
Royal Dutch
Shell plc
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SOURCE Royal Dutch Shell plc