Royal Dutch Shell plc Royal Dutch Shell Plc First Quarter 2021 Interim Dividend
April 29 2021 - 1:32AM
Dow Jones News
TIDMRDSA TIDMRDSB
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 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 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.globenewswire.com/Tracker?data=a_-AsJSCoh5ivB6DKf22_Wlum2dF5m_VTpSN_zKOnjziu5dGiZnA-zW97IbeuS6wQekA3BpOPP3kXKzIQ5J6XlScOxuSw6mfvzBgvvvo1YfOV1FTL222bwgsWXV1u8yUVCdccaKqkVxZD6JtePqjmQ8iBr1HhgMBBAw5H4d--Vy6d9r55LY6Vyqdgyd20nq-_rARCuEhe-nHGkDJExpEiNVraM955eYJyeRQV9HZmpkREMXxB4WMyQs8BNz4afyG5r4cLMLysoGoCs3zWreA8jejZTff8sfagOWhfsLPdvaqlZNrK2XFUkxw8TXCzK4YRvztEbYVGzhbK2dZ7rOZLgYnlhsvYUsDOhCQ3uoRkdA=
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 May 28, 2021
Note below)
Pound sterling and euro equivalents announcement June 7, 2021
date
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.globenewswire.com/Tracker?data=a_-AsJSCoh5ivB6DKf22_Wlum2dF5m_VTpSN_zKOnjyc8a2hYjKfm0f4XXe4K_cjJvQRTGm5I3VXb3pqIFFoB3DIhjNk6ZZrCywfb3mTCeI=
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: 21380068P1DRHMJ8KU70
Classification: Additional regulated information required to be
disclosed under the laws of a Member State
(END) Dow Jones Newswires
April 29, 2021 02:17 ET (06:17 GMT)
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