30th Mar 2012 12:47
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, for cancellation, during its 2012 first quarter results close period. The close period commences on 1 April 2012 and is up to and including 26 April 2012.
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.
XLONRelated Shares:
RDSA.LRDSB.L