ROYAL DUTCH SHELL PLC FIRST QUARTER 2021 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS
07 June 2021 - 7:00AM
ROYAL DUTCH SHELL PLC FIRST QUARTER 2021 EURO AND GBP EQUIVALENT
DIVIDEND PAYMENTS
The Hague, June 7, 2021 - The Board of Royal Dutch Shell plc
(“RDS”) today announced the pounds sterling and euro equivalent
dividend payments in respect of the first quarter 2021 interim
dividend, which was announced on April 29, 2021 at US$0.1735 per A
ordinary share (“A Share”) and B ordinary share (“B Share”).
Dividends on A Shares will be paid, by default, in euros at the
rate of €0.1426 per A Share. Holders of A Shares who have validly
submitted US dollars or pounds sterling currency elections by May
28, 2021 will be entitled to a dividend of US$0.1735 or 12.26p per
A Share, respectively.
Dividends on B Shares will be paid, by default, in pounds
sterling at the rate of 12.26p per B Share. Holders of B Shares who
have validly submitted US dollars or euros currency elections by
May 28, 2021 will be entitled to a dividend of US$0.1735 or €0.1426
per B Share, respectively.
Euro and pounds sterling dividends payable in cash have been
converted from US dollars based on an average of market exchange
rates over the three dealing days from 2 June to 4 June 2021.
This dividend will be payable on June 21, 2021 to those members
whose names were on the Register of Members on May 14, 2021.
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.
If you are uncertain as to the tax treatment of any dividends
you should consult your tax advisor.
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.
Royal Dutch Shell plc
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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, June 7, 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:
21380068P1DRHMJ8KU70Classification: Additional regulated
information required to be disclosed under the laws of a Member
State