31st Jan 2008 07:02
FOURTH QUARTER 2007 AND FIRST QUARTER 2008 INTERIM DIVIDEND
The Board of Royal Dutch Shell plc today announced an interim dividend in respect of the fourth quarter of 2007 of US$0.36 per A and B share, an increase of 11% over the US dollar dividend for the same quarter last year.
The Board expects that the first quarter of 2008 interim dividend will be $0.40, an increase of 11% over the US dollar dividend for the same period in 2007. The first quarter 2008 interim dividend will be declared on April 29, 2008.
Dividends declared on A shares will be paid by default in euro, although holders of A shares will be able to elect to receive dividend in pounds sterling. Dividends declared on B shares will be paid by default in pounds sterling, although holders of B shares will be able to elect to receive dividend in euro. Dividends declared on ADRs will be paid in US dollars.
Details relating to the fourth quarter 2007 interim dividend
This dividend will be payable on March 12, 2008 to those members whose names are on the Register on February 8, 2008. The shares become ex-dividend on February 6, 2008.
It is expected that the dividends on the B shares will be paid via the Dividend Access Mechanism from UK sourced income of the Royal Dutch Shell Group.
Per share Q4 2007 Royal Dutch Shell A 0.36 Shares (US$) Royal Dutch Shell B Shares 0.36 (US$) Per ADR Q4 2007 Royal Dutch Shell A ADR 0.72 (US$) Royal Dutch Shell B ADR 0.72 (US$)
Dividends on A shares will be paid, by default, in euro at the rate of ¢â€š¬0.2435 per share. Holders of A shares who have validly submitted pounds sterling currency elections by January 30, 2008 will be entitled to a dividend of 18.11p per share.
Dividends on B shares will be paid, by default, in pounds sterling at the rate of 18.11p per share. Holders of B shares who have validly submitted euro currency elections by January 30, 2008 will be entitled to a dividend of ¢â€š¬ 0.2435 per share.
Holders of A or B shares in ADR form will be entitled to a dividend of US$0.72 per ADR.
Details relating to the first quarter 2008 interim dividend
This dividend will be payable on June 11, 2008 to those members whose names are on the Register on May 16, 2008. The shares become ex-dividend on May 14, 2008.
It is expected that the dividends on the B shares will be paid via the Dividend Access Mechanism from UK sourced income of the Royal Dutch Shell Group.
Dividends on the A shares will be paid, by default, in euros. Holders of A shares who validly submit pound sterling currency elections by April 28, 2008 will be entitled to receive their dividend in pounds sterling.
Dividends B shares will be paid, by default, in pounds sterling. Holders of B shares who validly submit Euro currency elections by April 28, 2008 will be entitled to receive their dividend in Euro.
Holders of A or B shares in ADR form will be paid in US dollars.
Taxation
Dividends on A shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances.
Shareholders resident in the United Kingdom, receiving dividends on B shares 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 tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area.
The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the fourth quarter 2007 interim dividend of US$0.36 (18.11p or ¢â€š¬ 0.2435) is US$0.04 (2.01p or ¢â€š¬0.0271) per share and the dividend and tax credit together amount to US$0.40 (20.12p or ¢â€š¬0.2706).
Dividend reinvestment plan
ABN AMRO Bank NV and Equiniti (the new name for Lloyds TSB Registrars) each have established a dividend reinvestment facility which enables shareholders to elect to have their dividend payments used to purchase Royal Dutch Shell shares of the same class as those already held by them. The dividend reinvestment plans (the "DRIPs") are provided by ABN AMRO Bank NV in respect of shares held through Euroclear Nederland and by Equiniti in respect of all other shares (but not ADRs). DRIPs for the ADRs (both Class A ADRs and Class B ADRs) traded on the NYSE are available through The Bank of New York.
Enquiries about the DRIPs, including how to elect to participate and information about the reinvestment mechanisms under the respective plans should, in the case of shareholders holding through Euroclear Nederland, be directed to their bank or broker and in the case of all other shareholders (other than holders of ADRs) to Equiniti. Enquiries relating to the DRIPs for ADRs (both Class A ADRs and Class B ADRs) should be made to The Bank of New York.
January 31, 2008
ROYAL DUTCH SHELL 'B' PLCRelated Shares:
RDSA.LRDSB.L