30th Jan 2014 07:01
ROYAL DUTCH SHELL PLC - 4th Quarter 2013 Interim DividendROYAL DUTCH SHELL PLC - 4th Quarter 2013 Interim Dividend
PR Newswire
London, January 30
ROYAL DUTCH SHELL PLC FOURTH QUARTER 2013 INTERIM DIVIDEND The Board of Royal Dutch Shell plc ("RDS") today announced an interim dividendin respect of the fourth quarter 2013 of US$0.45 per A ordinary share ("AShare") and B ordinary share ("B Share"), an increase of US$0.02 on theequivalent US dollar dividend for the same quarter last year. The Board expects that the first quarter 2014 interim dividend will be US$0.47,an increase of 4.4% over the US dollar dividend for the same quarter in theprevious year. The first quarter 2014 interim dividend is scheduled to beannounced on May 1, 2014. RDS provides eligible shareholders with a choice to receive dividends in cashor in shares via a Scrip Dividend Programme ("the Programme"). For furtherdetails please see below. Details relating to the fourth quarter 2013 interim dividend It is expected that cash dividends on the B Shares will be paid via theDividend Access Mechanism from UK-sourced income of the Shell Group. Per ordinary share Q4 2013 RDS A Shares (US$) 0.45 RDS B Shares (US$) 0.45 Cash dividends on A Shares will be paid, by default, in euro, although holdersof A Shares will be able to elect to receive dividends in pounds sterling. Cash dividends on B Shares will be paid, by default, in pounds sterling,although holders of B Shares will be able to elect to receive dividends ineuro. The pounds sterling and euro equivalent dividend payments will be announced onMarch 7, 2014. Per ADS Q4 2013 RDS A ADSs (US$) 0.90 RDS B ADSs (US$) 0.90 Cash dividends on American Depositary Shares ("ADSs") will be paid, by default,in US dollars. ADS stands for an American Depositary Share. ADR stands for an AmericanDepositary Receipt. An ADR is a certificate that evidences ADSs. ADSs arelisted on the NYSE under the symbols RDS.A and RDS.B. Each ADS represents twoordinary shares, two A Shares in the case of RDS.A or two B Shares in the caseof RDS.B. In many cases the terms ADR and ADS are used interchangeably. Scrip Dividend Programme RDS provides shareholders with a choice to receive dividends in cash or inshares via a Scrip Dividend Programme. Under the Programme shareholders can increase their shareholding in RDS bychoosing to receive new shares instead of cash dividends, if approved by theBoard. Only new A Shares will be issued under the Programme, including toshareholders who currently hold B Shares. Joining the Programme may offer a tax advantage in some countries compared withreceiving cash dividends. In particular, dividends paid out as shares will notbe subject to Dutch dividend withholding tax (currently 15 per cent) and willnot generally be taxed on receipt by a UK shareholder or a Dutch corporateshareholder. Shareholders who elect to join the Programme will increase the number of sharesheld in RDS without having to buy existing shares in the market, therebyavoiding associated dealing costs. Shareholders who do not join the Programme will continue to receive in cash anydividends approved by the Board. Shareholders who held only B Shares and joined the Scrip Dividend Programme arereminded they will need to make a Scrip Dividend Election in respect of theirnew A Shares if they wish to join the Programme in respect of such new shares.However, this is only necessary if the shareholder has not previously made aScrip Dividend Election in respect of any new A Shares issued. For further information on the Programme, including how to join if you areeligible, please refer to the appropriate publication available onwww.shell.com/scrip. Dividend timetable for the fourth quarter 2013 interim dividend Announcement date Jan 30, 2014 Ex-dividend date Feb 12, 2014 Record date Feb 14, 2014 Scrip reference share price announcement date Feb 19, 2014 Closing of scrip election and currency election * Feb 28, 2014 Pounds sterling and euro equivalents announcement date Mar 7, 2014 Payment date Mar 27, 2014 * A different scrip election date may apply to registered and non registeredADS holders. Registered ADS holders can contact The Bank of New York Mellon for the electiondeadline that applies. Non registered ADS holders can contact their broker,financial intermediary, bank or financial institution for the election deadlinethat applies. Both a different scrip and currency election date may apply to shareholdersholding shares in a securities account with a bank or financial institutionultimately holding through Euroclear Nederland. Please contact your broker,financial intermediary, bank or financial institution where you hold yoursecurities account for the election deadline that applies. Taxation cash dividends Cash dividends on A Shares will be subject to the deduction of Netherlandsdividend withholding tax at the rate of 15%, which may be reduced in certaincircumstances. Provided certain conditions are met, shareholders in receipt ofA Share cash dividends may also be entitled to a non-payable dividend taxcredit in the United Kingdom. Shareholders resident in the United Kingdom, receiving cash dividends on BShares through the Dividend Access Mechanism, are entitled to a tax credit.This tax credit is not repayable. Non-residents may also be entitled to a taxcredit, if double tax arrangements between the United Kingdom and their countryof residence so provide, or if they are eligible for relief given tonon-residents with certain special connections with the United Kingdom or tonationals of states in the European Economic Area. The amount of tax credit is 10/90ths of the cash dividend, the tax creditreferable to the fourth quarter 2013 interim dividend of US$0.45 is US$0.05 perordinary share and the dividend and tax credit together amount to US$0.50. Thepounds sterling and euro equivalents will be announced on March 7, 2014. Royal Dutch Shell plc The Hague, January 30th, 2014 Contacts: - Investor Relations: International + 31 (0) 70 377 4540; USA +1 713 241 1042 - Media: International +44 (0) 207 934 5550; USA +1 713 241 4544 CAUTIONARY NOTE: The companies in which Royal Dutch Shell plc directly and indirectly ownsinvestments are separate entities. In this release "Shell", "Shell group" and"Royal Dutch Shell" are sometimes used for convenience where references aremade to Royal Dutch Shell plc and its subsidiaries in general. Likewise, thewords "we", "us" and "our" are also used to refer to subsidiaries in general orto those who work for them. These expressions are also used where no usefulpurpose is served by identifying the particular company or companies.``Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in thisrelease refer to companies in which Royal Dutch Shell either directly orindirectly has control, by having either a majority of the voting rights or theright to exercise a controlling influence. The companies in which Shell hassignificant influence but not control are referred to as "associated companies"or "associates" and companies in which Shell has joint control are referred toas "jointly controlled entities". In this release, associates and jointlycontrolled entities are also referred to as "equity-accounted investments". Theterm "Shell interest" is used for convenience to indicate the direct and/orindirect (for example, through our 23% shareholding in Woodside Petroleum Ltd.)ownership interest held by Shell in a venture, partnership or company, afterexclusion of all third-party interest. This release contains forward-looking statements concerning the financialcondition, results of operations and businesses of Royal Dutch Shell. Allstatements other than statements of historical fact are, or may be deemed tobe, forward-looking statements. Forward-looking statements are statements offuture expectations that are based on management's current expectations andassumptions and involve known and unknown risks and uncertainties that couldcause actual results, performance or events to differ materially from thoseexpressed or implied in these statements. Forward-looking statements include,among other things, statements concerning the potential exposure of Royal DutchShell to market risks and statements expressing management's expectations,beliefs, estimates, forecasts, projections and assumptions. Theseforward-looking statements are identified by their use of terms and phrasessuch as ``anticipate'', ``believe'', ``could'', ``estimate'', ``expect'',``intend'', ``may'', ``plan'', ``objectives'', ``outlook'', ``probably'',``project'', ``will'', ``seek'', ``target'', ``risks'', ``goals'', ``should''and similar terms and phrases. There are a number of factors that could affectthe future operations of Royal Dutch Shell and could cause those results todiffer materially from those expressed in the forward-looking statementsincluded in this release, including (without limitation): (a) pricefluctuations in crude oil and natural gas; (b) changes in demand for Shell'sproducts; (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 identificationof suitable potential acquisition properties and targets, and successfulnegotiation and completion of such transactions; (i) the risk of doing businessin developing countries and countries subject to international sanctions; (j)legislative, fiscal and regulatory developments including potential litigationand regulatory measures as a result of climate changes; (k) economic andfinancial market conditions in various countries and regions; (l) politicalrisks, including the risks of expropriation and renegotiation of the terms ofcontracts with governmental entities, delays or advancements in the approval ofprojects and delays in the reimbursement for shared costs; and (m) changes intrading conditions. All forward-looking statements contained in this releaseare expressly qualified in their entirety by the cautionary statementscontained or referred to in this section. Readers should not place unduereliance on forward-looking statements. Additional factors that may affectfuture results are contained in Royal Dutch Shell's 20-F for the year ended 31December, 2012 (available at www.shell.com/investor and www.sec.gov ). Thesefactors also should be considered by the reader. Each forward-looking statementspeaks only as of the date of this release, 30 January, 2014. Neither RoyalDutch Shell nor any of its subsidiaries undertake any obligation to publiclyupdate or revise any forward-looking statement as a result of new information,future events or other information. In light of these risks, results coulddiffer materially from those stated, implied or inferred from theforward-looking statements contained in this release. There can be no assurancethat dividend payments will match or exceed those set out in this release inthe future, or that they will be made at all.
Related Shares:
RDSA.LRDSB.L