Royal Dutch Shell plc Royal Dutch Shell Plc Fourth Quarter 2020 Interim Dividend
February 04 2021 - 2:32AM
Dow Jones News
TIDMRDSA TIDMRDSB
The Hague, February 4, 2021 - The Board of Royal Dutch Shell plc ("RDS"
or the "Company") today announced an interim dividend in respect of the
fourth quarter of 2020 of US$ 0.1665 per A ordinary share ("A Share")
and B ordinary share ("B Share").
The Board expects that the first quarter 2021 interim dividend will be
set at US$ 0.1735 per share, an increase of around 4% over the US dollar
dividend for the fourth quarter 2020. The first quarter 2021 interim
dividend is scheduled to be announced on April 29, 2021.
Details relating to the fourth quarter 2020 interim dividend
It 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 Q4 2020
RDS A Shares (US$) 0.1665
------------------- -------
RDS B Shares (US$) 0.1665
------------------- -------
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 March 15, 2021.
Per ADS Q4 2020
RDS A ADSs (US$) 0.333
----------------- -------
RDS B ADSs (US$) 0.333
----------------- -------
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.globenewswire.com/Tracker?data=lNmc3e-dTxk-2hfbdd4lQ_LCQRSobK7hACrDkkwVC4MbI5UnzII3WDPGv8Kwp43WFAAQBceXBbmCzWlrRjf7P_833hTSZnFxRHft2GpaCCs_FaG1g4l-BtJjTZYEtywtVUQAAz078paWxklrBbWUUbbfathpW-BfrL35xgn4SVeChIC7BocMheZtDr5h186WuVpxea8Hnh_IMk47eokacT4cVRaJbC8n63gcaWMoeuuIiK3SthHJfHKfuFLu0yaiETzjOD3X3cmDvE2jS--gbsWW41LppO_k0ZE1wSQ4CXuZeIyxZ5QcT2koTelkSL2WPtOnPCynkY_Fmb4yutU67JPuS1P4kklTPfAfTRfX1S0=
https://www.shell.com/media/news-and-media-releases/2019/shell-introduces-option-to-receive-dividend-in-us-dollars.html
Dividend timetable for the fourth quarter 2020 interim dividend
Announcement date February 4, 2021
Ex- Dividend Date for ADS.A and ADS.B February 18, 2021
Ex- Dividend Date for RDS A and RDS B February 18, 2021
Record date February 19, 2021
Closing of currency election date (see March 5, 2021
Note below)
Pound sterling and euro equivalents announcement March 15, 2021
date
Payment date March 29, 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.globenewswire.com/Tracker?data=lNmc3e-dTxk-2hfbdd4lQ_LCQRSobK7hACrDkkwVC4PMX_O4i9vBF0nw6L1C3bCI6N77FjmZ41rbOD1c5_088C_Xf0IBZ2bEfk0O8l3rln0=
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 "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 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 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 "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 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; (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's Form 20-F for the
year ended December 31, 2019 (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, February 4, 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: 21380068P1DRHMJ8KU70
Classification: Additional regulated information required to be
disclosed under the laws of a Member State
(END) Dow Jones Newswires
February 04, 2021 02:17 ET (07:17 GMT)
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