The Hague, April 29, 2021 - The Board of Royal Dutch Shell plc
(“RDS” or the “Company”) today announced an interim dividend in
respect of the first quarter of 2021 of US$ 0.1735 per A ordinary
share (“A Share”) and B ordinary share (“B Share”).
Details relating to the first quarter 2021 interim
dividendIt is expected that cash dividends on the B Shares
will be paid via the Dividend Access Mechanism and will have a UK
source for UK and Dutch tax purposes.
Per ordinary share |
Q1 2021 |
|
|
RDS A Shares (US$) |
0.1735 |
RDS B Shares (US$) |
0.1735 |
Cash dividends on A Shares will be paid, by default, in euros,
although holders of A Shares will be able to elect to receive
dividends in US dollars or pounds sterling.
Cash dividends on B Shares will be paid, by default, in pounds
sterling, although holders of B Shares will be able to elect to
receive dividends in US dollars or euros.
The pound sterling and euro equivalent dividend payments will be
announced on June 7, 2021.
Per ADS |
Q1 2021 |
|
|
RDS A ADSs (US$) |
0.347 |
RDS B ADSs (US$) |
0.347 |
Cash dividends on American Depository Shares (“ADSs”) will be
paid, by default, in US dollars.
RDS A and B ADSs are listed on the New York Stock Exchange under
the symbols RDS.A and RDS.B, respectively. Each ADS represents two
ordinary shares, two A Shares in the case of RDS.A or two B Shares
in the case of RDS.B. ADSs are evidenced by an American Depositary
Receipt (ADR) certificate. In many cases the terms ADR and ADS are
used interchangeably.
Shell has introduced option to receive dividend in US
dollars and moved to full electronic settlement of its
dividends
On December 18, 2019, Shell announced the introduction of US
dollar as additional currency election and highlighted that its
dividend will be settled with its shareholders fully electronically
either in CREST or via interbank transfers. The announcement
provided an overview of the actions needed by shareholders to
ensure they continue to receive their dividends. Please refer to
the announcement of December 18, 2019 for further information:
https://www.shell.com/media/news-and-media-releases/2019/shell-introduces-option-to-receive-dividend-in-us-dollars.html
Dividend timetable for the first quarter 2021 interim
dividend
Announcement date
|
April 29 , 2021
|
Ex- Dividend Date
for ADS.A and ADS.B |
May 13, 2021
|
Ex- Dividend Date
for RDS A and RDS B |
May 13, 2021
|
Record date
|
May 14, 2021
|
Closing of
currency election date (see Note below) |
May 28, 2021
|
Pound sterling
and euro equivalents announcement date |
June 7, 2021
|
Payment date |
June 21, 2021
|
Note
A different currency election date may apply to shareholders
holding shares in a securities account with a bank or financial
institution ultimately holding through Euroclear Nederland. This
may also apply to other shareholders who do not hold their shares
either directly on the Register of Members or in the corporate
sponsored nominee arrangement. Shareholders can contact their
broker, financial intermediary, bank or financial institution for
the election deadline that applies.
Taxation - cash dividends
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.
If you are uncertain as to the tax treatment of any dividends
you should consult your tax advisor.
Dividend Reinvestment Programmes (“DRIP”)
The following organisations operate Dividend Reinvestment Plans
(“DRIPs”) which enable RDS shareholders to elect to have their
dividend payments used to purchase RDS shares of the same class as
those already held by them:
- Equiniti Financial Services Limited (“EFSL”), for those holding
shares (a) directly on the register as certificate holder or as
CREST Member and (b) via the Nominee Service;
- ABN-AMRO NV (“ABN”) for Financial Intermediaries holding ‘A’
shares or ‘B’ shares via Euroclear Nederland;
- “JPMorgan Chase Bank, N.A.” for holders of ‘A’ and ‘B’ American
Depository Shares; and
- Other DRIPs may also be available from the intermediary through
which investors hold their shares.
Such organisations provide their DRIPs fully on their account
and not on behalf of Royal Dutch Shell plc. Interested parties
should contact DRIP Offerors directly.
More information can be found at https://www.shell.com/drip
To be eligible for the next dividend, shareholders must make a
valid dividend reinvestment election before the published date for
the close of elections.
Royal Dutch Shell plc
ENQUIRIES:
Media: |
|
International |
+44 (0) 207 934
5550 |
Americas |
+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 “Group” 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 Royal Dutch Shell plc and its
subsidiaries in general or to those who work for them. These terms
are also used where no useful purpose is served by identifying the
particular entity or entities. ‘‘Subsidiaries’’, “Shell
subsidiaries” and “Shell companies” as used in this announcement
refer to entities 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 an entity or
unincorporated joint arrangement, after exclusion of all
third-party interest.
This announcement contains forward-looking statements (within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995) concerning the financial condition, results of operations and
businesses of 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 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 “aim”, “ambition”, ‘‘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 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; (m)
risks associated with the impact of pandemics, such as the COVID-19
(coronavirus) outbreak; and (n) 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 plc’s Form 20-F
for the year ended December 31, 2020 (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, April 29, 2021. 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.
We may have used certain terms, such as resources, in this
announcement that the United States Securities and Exchange
Commission (SEC) strictly prohibits us from including in our
filings with the SEC. 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.
LEI number of Royal Dutch Shell plc:
21380068P1DRHMJ8KU70Classification: Additional regulated
information required to be disclosed under the laws of a Member
State
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