Royal Dutch Shell Plc First Quarter 2013 Interim Dividend
THE HAGUE, The Netherlands, May 2, 2013 /PRNewswire/ –
The Board of Royal Dutch Shell plc (“RDS”) (NYSE: RDS.A) (NYSE: RDS.B) today announced
an interim dividend in respect of the first quarter of 2013 of US$0.45 per A ordinary
share (“A Share”) and B ordinary share (“B Share”), an increase of US$ 0.02 on the
equivalent US dollar dividend for the same quarter last year.
RDS provides eligible shareholders with a choice to receive dividends in cash or in
shares via a Scrip Dividend Programme (“the Programme”). For further details please see
Details relating to the first quarter 2013 interim dividend
It is expected that cash dividends on the B Shares will be paid via the Dividend
Access Mechanism from UK-sourced income of the Shell Group.
Per ordinary share Q1 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 holders of 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 in euro.
The pounds sterling and euro equivalent dividend payments will be announced on June
Per ADS Q1 2013 RDS A ADSs (US$) 0.90 RDS B ADSs (US$) 0.90
Cash dividends on American Depository Shares (“ADSs”) will be paid, by default, in US
ADS stands for an American Depositary Share. ADR stands for an American Depositary
Receipt. An ADR is a certificate that evidences ADSs. ADSs are listed on the NYSE under
the symbols RDS.A and RDS.B. Each ADS represents two ordinary shares, two A Shares in the
case of RDS.A or two B Shares in the case of 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 in shares via
a Scrip Dividend Programme.
Under the Programme shareholders can increase their shareholding in RDS by choosing to
receive new shares instead of cash dividends if declared by RDS. Only new A Shares will be
issued under the Programme, including to shareholders who currently hold B Shares.
Joining the Programme may offer a tax advantage in some countries compared with
receiving cash dividends. In particular, dividends paid out as shares will not be subject
to Dutch dividend withholding tax (currently 15 per cent) and will not generally be taxed
on receipt by a UK shareholder or a Dutch corporate shareholder.
Shareholders who elect to join the Programme will increase the number of shares held
in RDS without having to buy existing shares in the market, thereby avoiding associated
Shareholders who do not join the Programme will continue to receive in cash any
dividends declared by RDS.
Shareholders who held only B Shares and joined the Scrip Dividend Programme are
reminded they will need to make a Scrip Dividend Election in respect of their new 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 a Scrip Dividend Election in respect
of any new A Shares issued.
For further information on the Programme, including how to join if you are eligible,
please refer to the appropriate publication available on http://www.shell.com/scrip.
Dividend timetable for the first quarter 2013 interim dividend Announcement date May 2, 2013 Ex-dividend date May 15, 2013 Record date May 17, 2013 Scrip reference share price announcement date May 22, 2013 Closing of scrip election and currency election * June 3, 2013 Pounds sterling and euro equivalents announcement date June 10, 2013 Payment date June 27, 2013
* A different scrip election date may apply to registered and non registered ADS
Registered ADS holders can contact The Bank of New York Mellon for the election
deadline that applies. Non registered ADS holders can contact their broker, financial
intermediary, bank or financial institution for the election deadline that applies.
Both a different scrip and currency election date may apply to shareholders holding
shares in a securities account with a bank or financial institution ultimately holding
through Euroclear Nederland. Please contact your broker, financial intermediary, bank or
financial institution where you hold your securities account for the election deadline
Taxation cash dividends
Cash 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.
Provided certain conditions are met, shareholders in receipt of A Share cash dividends may
also be entitled to a non-payable dividend tax credit in the United Kingdom.
Shareholders resident in the United Kingdom, receiving cash 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 first quarter 2013 interim dividend of US$0.45 is US$0.05 per ordinary share and the
dividend and tax credit together amount to US$0.50. The pounds sterling and euro
equivalents will be announced on June 10, 2013.
Royal Dutch Shell plc
The Hague, May 2nd, 2013
The companies in which Royal Dutch Shell plc directly and indirectly owns investments
are separate entities. In this release “Shell”, “Shell group” and “Royal Dutch Shell” are
sometimes used for convenience where references are made to Royal Dutch Shell plc and its
subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer
to subsidiaries in general or to those who work for them. These expressions are also used
where no useful purpose is served by identifying the particular company or companies.
”Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this release refer
to companies in which Royal Dutch Shell either directly or indirectly has control, by
having either a majority of the voting rights or the right to exercise a controlling
influence. The companies in which Shell has significant influence but not control are
referred to as “associated companies” or “associates” and companies in which Shell has
joint control are referred to as “jointly controlled entities”. In this release,
associates and jointly controlled entities are also referred to as “equity-accounted
investments”. The term “Shell interest” is used for convenience to indicate the direct
and/or indirect (for example, through our 23% shareholding in Woodside Petroleum Ltd.)
ownership interest held by Shell in a venture, partnership or company, after exclusion of
all third-party interest.
This release contains forward-looking statements concerning the financial condition,
results of operations and businesses of Royal Dutch Shell. All statements other than
statements of historical fact are, or may be deemed to be, forward-looking statements.
Forward-looking statements are statements of future expectations that are based on
management’s current expectations and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance or events to differ materially
from those expressed or implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of Royal Dutch Shell to
market risks and statements expressing management’s expectations, beliefs, estimates,
forecasts, projections and assumptions. These forward-looking statements are identified by
their use of terms and phrases such 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 affect the future operations of Royal Dutch Shell and could
cause those results to differ materially from those expressed in the forward-looking
statements included in this release, including (without limitation): (a) price
fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (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 identification of suitable potential acquisition properties and
targets, and successful negotiation and completion of such transactions; (i) the risk of
doing business in developing countries and countries subject to international sanctions;
(j) legislative, fiscal and regulatory developments including potential litigation and
regulatory measures as a result of climate changes; (k) economic and financial market
conditions in various countries and regions; (l) political risks, including the risks of
expropriation and renegotiation of the terms of contracts with governmental entities,
delays or advancements in the approval of projects and delays in the reimbursement for
shared costs; and (m) changes in trading conditions. All forward-looking statements
contained in this release are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Readers should not place undue
reliance on forward-looking statements. Additional factors that may affect future results
are contained in Royal Dutch Shell’s 20-F for the year ended 31 December, 2012 (available
at http://www.shell.com/investor and http://www.sec.gov ). These factors also
should be considered by the reader. Each forward-looking statement speaks only as of the
date of this release, 2 May 2013. Neither Royal Dutch Shell nor any of its subsidiaries
undertake any obligation to publicly update or revise any forward-looking statement as a
result of new information, future events or other information. In light of these risks,
results could differ materially from those stated, implied or inferred from the
forward-looking statements contained in this release. There can be no assurance that
dividend payments will match or exceed those set out in this release in the future, or
that they will be made at all.
Contacts: Investor Relations: International, +31(0)70-377-4540 North America, +1-713-241-1042 Media: International, +44(0)207-934-5550 USA, +1-713-241-4544
SOURCE Royal Dutch Shell plc