18th Jun 2014 06:18
ROYAL DUTCH SHELL PLC - Shell completed sell-down of 78 mln shares in WoodsideROYAL DUTCH SHELL PLC - Shell completed sell-down of 78 mln shares in Woodside
PR Newswire
London, June 18
Shell completed sell-down of 78 million shares in Woodside The Hague, 18 June, 2014. Further to the announcement on 17 June 2014, RoyalDutch Shell plc ("Shell") confirms its subsidiary has completed the sell-downof 78.27 million shares of Woodside Petroleum Limited ("Woodside"). Shell Energy Holding Australia Limited ("SEHAL") completed the sale at a priceof A$41.35 per share with proceeds expected to be received on 23 June 2014. Thesale to a broad range of equity investors attracted strong demand and tookplace on an underwritten basis. As also announced on 17 June 2014, SEHAL has agreed with Woodside the buy-backof 78.27 million shares. After completion of the buy-back and cancellation ofthe buy-back shares by Woodside, which remains subject to limited conditions,including Woodside lender consent and Woodside shareholder approval, Shell'sownership of Woodside will reduce to below 5%. As part of this transaction,SEHAL has agreed to retain its remaining shares in Woodside for 90 days fromcompletion of the sell-down with limited exceptions. Enquiries Shell Media RelationsInternational: +44 207 934 5550Americas: +1 713 241 4544 Shell Investor RelationsEurope: + 31 70 377 4540United States: +1 832 337 2034 Cautionary Note The companies in which Royal Dutch Shell plc directly and indirectly ownsinvestments are separate entities. In this announcement "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 thisannouncement refer to companies over which Royal Dutch Shell plc eitherdirectly or indirectly has control. Companies over which Shell has jointcontrol are generally referred to "joint ventures" and companies over whichShell has significant influence but neither control nor joint control arereferred to as "associates". In this announcement, joint ventures andassociates may also be referred to as "equity-accounted investments". The term"Shell interest" is used for convenience to indicate the direct and/or indirectownership interest held by Shell in a venture, partnership or company, afterexclusion of all third-party interest. This announcement 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'',``goals'', ``intend'', ``may'', ``objectives'', ``outlook'', ``plan'',``probably'', ``project'', ``risks'', "schedule", ``seek'', ``should'',``target'', ``will'' and similar terms and phrases. There are a number offactors that could affect the future operations of Royal Dutch Shell and couldcause those results to differ materially from those expressed in theforward-looking statements included in this announcement, including (withoutlimitation): (a) price fluctuations in crude oil and natural gas; (b) changesin demand for Shell's products; (c) currency fluctuations; (d) drilling andproduction results; (e) reserves estimates; (f) loss of market share andindustry competition; (g) environmental and physical risks; (h) risksassociated with the identification of suitable potential acquisition propertiesand targets, and successful negotiation and completion of such transactions;(i) the risk of doing business in developing countries and countries subject tointernational sanctions; (j) legislative, fiscal and regulatory developmentsincluding regulatory measures addressing climate change; (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 thisannouncement are expressly qualified in their entirety by the cautionarystatements contained or referred to in this section. Readers should not placeundue reliance on forward-looking statements. Additional risk factors that mayaffect future results are contained in Royal Dutch Shell's 20-F for the yearended December 31, 2013 (available at www.shell.com/investor and www.sec.gov).These risk factors also expressly qualify all forward looking statementscontained in this announcement and should be considered by the reader. Eachforward-looking statement speaks only as of the date of this announcement, 18June 2014. Neither Royal Dutch Shell plc nor any of its subsidiaries undertakeany obligation to publicly update or revise any forward-looking statement as aresult of new information, future events or other information. In light ofthese risks, results could differ materially from those stated, implied orinferred from the forward-looking statements contained in this announcement. We may have used certain terms, such as resources, in this announcement thatUnited States Securities and Exchange Commission (SEC) strictly prohibits usfrom including in our filings with the SEC. U.S. Investors are urged toconsider closely the disclosure in our Form 20-F, File No 1-32575, available onthe SEC website www.sec.gov. You can also obtain these forms from the SEC bycalling 1-800-SEC-0330.
Related Shares:
RDSA.LRDSB.L