30th Sep 2011 16:39
Royal Dutch Shell plc - Share Buy-back Programme
Royal Dutch Shell plc (the `Company') announces that it has entered into an irrevocable, non-discretionary arrangement with an independent third party to enable the purchase of `B' ordinary shares during the 2011 third quarter results close period. Such shares will be cancelled. The close period commences on 1 October 2011 and is up to and including 27 October 2011.
As previously announced, the purpose of the share buy-back programme is to offset dilution created by the issuance of shares for the Company's Scrip Dividend Programme. At this time, it is less economic for the Company to purchase `A' ordinary shares under the share buy-back programme due to Dutch dividend withholding Tax rules.
Any purchases will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules.
30 September 2011EnquiriesShell Media RelationsInternational, UK, European Press: +31 70 377 3600Shell Investor RelationsEurope: + 31 70 377 3996 United States: +1 713 241 2069
XLONRelated Shares:
RDSA.LRDSB.L