Royal Dutch Shell Scrip Dividend Programme Reference Share Price
May 25 2017 - 2:45AM
UK Regulatory
TIDMRDSA TIDMRDSB
ROYAL DUTCH SHELL PLC FIRST QUARTER 2017 SCRIP DIVIDEND PROGRAMME REFERENCE
SHARE PRICE
The Board of Royal Dutch Shell plc ("RDS") today announced the Reference Share
Price in respect of the first quarter interim dividend of 2017, which was
announced on May 4, 2017 at $0.47 per A ordinary share ("A Share") and B
ordinary share ("B Share") and $0.94 per American Depository Share ("ADS").
Reference Share Price
The Reference Share price is used for calculating a Participating Shareholder's
entitlement under the Scrip Dividend Programme, as defined below.
Q1 2017
Reference Share price (US$) 27.526
The Reference Share Price is the US dollar equivalent of the average of the
closing price for the Company's A Shares listed on Euronext Amsterdam for the
five dealing days commencing on (and including) the date on which the Shares
are first quoted ex-dividend in respect of the relevant dividend.
The Reference Share Price is calculated by reference to the Euronext Amsterdam
closing price in euro. The US dollar equivalent of the closing price on each of
the dealing days referred to above is calculated using a market currency
exchange rate prevailing at the time.
Reference ADS Price
ADS stands for "American Depositary Share". ADR stands for "American Depositary
Receipt". An ADR is a certificate that evidences ADSs (though the terms ADR and
ADS are often used interchangeably). ADSs are listed on the NYSE under the
symbols RDS.A and RDS.B. Each ADS represents two ordinary shares, two ordinary
A Shares in the case of RDS.A or two ordinary B Shares in the case of RDS.B.
Q1 2017
Reference ADS price (US$) 55.052
The Reference ADS Price equals the Reference Share Price of the two A Shares
underlying each new A ADS.
Scrip Dividend Programme
RDS provides shareholders with a choice to receive dividends in cash or in
shares via the Scrip Dividend Programme (the "Programme").
Under the Programme shareholders can increase their shareholding in RDS by
choosing to receive new shares instead of cash dividends, if approved by the
Board. Only new A Shares will be issued under the Programme, including to
shareholders who currently hold B Shares.
In some countries, joining the Programme may currently offer a tax advantage
compared with receiving cash dividends. In particular, dividends paid out as
shares by RDS will not be subject to Dutch dividend withholding tax (currently
15 per cent), unlike cash dividends paid on A shares, and they will not
generally be taxed on receipt by a UK shareholder or a Dutch shareholder.
Shareholders who elect to join the Programme will increase the number of shares
held in RDS without having to buy existing shares in the market, thereby
avoiding associated dealing costs.
Shareholders who do not join the Programme will continue to receive in cash any
dividends approved by the Board.
Shareholders who held only B Shares and joined the Programme are reminded they
will need to make a Scrip Dividend Election in respect of their new A Shares if
they wish to join the Programme in respect of such new shares. However, this
is only necessary if the shareholder has not previously made a Scrip Dividend
Election in respect of any new A Shares issued.
For further information on the Programme, including how to join if you are
eligible, please refer to the appropriate publication available on
www.shell.com/scrip.
Royal Dutch Shell plc
The Hague, May 25, 2017
ENQUIRIES:
Investor Relations:
Europe + 31 (0) 70 377 4540
North America +1 832 337 2034
Media:
International +44 (0) 207 934 5550
Americas +1 713 241 4544
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, May 25, 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
Classification: Additional regulated information required to be disclosed under
the laws of a Member State
END
(END) Dow Jones Newswires
May 25, 2017 02:45 ET (06:45 GMT)
Shell (LSE:RDSA)
Historical Stock Chart
From Apr 2024 to May 2024
Shell (LSE:RDSA)
Historical Stock Chart
From May 2023 to May 2024