ROYAL DUTCH SHELL PLC FOURTH QUARTER 2019 INTERIM DIVIDEND
The Hague, January 30, 2020 - The Board of Royal Dutch Shell plc
(“RDS” or the “Company”) today announced an interim dividend in
respect of the fourth quarter of 2019 of US$0.47 per A ordinary
share (“A Share”) and B ordinary share (“B Share”), equal to the US
dollar dividend for the same quarter last year.
The Board expects that the first quarter 2020 interim dividend
will be US$0.47, equal to the US dollar dividend for the same
quarter in the previous year. The first quarter 2020 interim
dividend is scheduled to be announced on April 30, 2020.
Details relating to the fourth quarter 2019 interim
dividend
It is expected that cash dividends on the B Shares will be paid
via the Dividend Access Mechanism and will have a UK source for UK
and Dutch tax purposes.
Per ordinary share |
Q4 2019 |
|
|
RDS A Shares (US$) |
0.47 |
RDS B Shares (US$) |
0.47 |
Cash dividends on A Shares will be paid, by default, in euros,
although holders of A Shares will be able to elect to receive
dividends in US dollars or pounds sterling.
Cash dividends on B Shares will be paid, by default, in pounds
sterling, although holders of B Shares will be able to elect to
receive dividends in US dollars or euros.
The pound sterling and euro equivalent dividend payments will be
announced on March 9, 2020.
Per ADS |
Q4 2019 |
|
|
RDS A ADSs (US$) |
0.94 |
RDS B ADSs (US$) |
0.94 |
Cash dividends on American Depository Shares (“ADSs”) will be
paid, by default, in US dollars.
ADSs are listed on the New York Stock Exchange under the symbols
RDS.A and RDS.B. 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.shell.com/media/news-and-media-releases/2019/shell-introduces-option-to-receive-dividend-in-us-dollars.html
Dividend timetable for the fourth quarter 2019 interim
dividend
Announcement date
|
January 30, 2020
|
Ex-dividend date
|
February 13, 2020
|
Record date
|
February 14, 2020
|
Closing of
currency election date (see Note below) |
February 28, 2020
|
Pound sterling
and euro equivalents announcement date |
March 9, 2020
|
Payment date
|
March 23, 2020
|
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 Plans
Equiniti Financial Services Limited, part of the same group of
companies as the Company’s Registrar, Equiniti Limited, operates a
Dividend Reinvestment Plan (“DRIP”) which enables RDS shareholders
to elect to have their dividend payments used to purchase RDS
shares of the same class as those already held by them.
ABN AMRO Bank N.V. and JP Morgan Chase Bank N.A. also operate
dividend reinvestment options and shareholders interested in these
options should contact the relevant provider. 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.
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 NOTEThe 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; 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, 2018 (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, January 30, 2020. 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 announcement may contain 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.
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. 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.
LEI number of Royal Dutch Shell plc:
21380068P1DRHMJ8KU70Classification: Additional regulated
information required to be disclosed under the laws of a Member
State