TIDMRDSA TIDMRDSB
The Hague, July 29, 2021 - The Board of Royal Dutch Shell plc
("RDS" or the "Company") today announced an interim dividend in
respect of the second quarter of 2021 of US$ 0.24 per A ordinary
share ("A Share") and B ordinary share ("B Share").
Chair of the Board of Royal Dutch Shell, Sir Andrew Mackenzie
commented: "Shell's proven and sustainable cash generation across a
range of macroeconomic scenarios has provided the Board confidence
to increase shareholder distributions. As a result, the Board has
decided to rebase the dividend per share to 24 US cents from the
second quarter 2021 onwards."
Details relating to the second quarter 2021 interim dividend
Per ordinary share Q2 2021
RDS A Shares (US$) 0.24
RDS B Shares (US$) 0.24
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.
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 September 6, 2021.
Per ADS Q2 2021
RDS A ADSs (US$) 0.48
RDS B ADSs (US$) 0.48
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.
Dividend timetable for the second quarter 2021 interim
dividend
Event Date
Announcement date July 29, 2021
Ex- Dividend Date for ADS.A and ADS.B August 12, 2021
Ex- Dividend Date for RDS A and RDS B August 12, 2021
Record date August 13, 2021
Closing of currency election date (see Note August 27, 2021
below)
Pound sterling and euro equivalents announcement September 6, 2021
date
Payment date September 20, 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. ("JPM") 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.
Enquiries
Media International: +44 207 934 5550
Media 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.
Forward-looking statements
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",
"milestones", "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/investors 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, July 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. The content of websites referred to in this
announcement do not form part of 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
July 29, 2021 02:02 ET (06:02 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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