Royal Dutch Shell Q3 2017 Euro and GBP Equivalent Dividend Payments
December 07 2017 - 10:45AM
UK Regulatory
TIDMRDSA TIDMRDSB
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 EUR0.3985
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 EUR
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:
Investor Relations:
Europe + 31 (0) 70 377 4540
North America +1 832 337 2034
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 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
END
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