Royal Dutch Shell Plc Fourth Quarter 2010 Interim Dividend
The Board of
announced an interim dividend in respect of the fourth quarter of 2010 of
equal to the 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 below.
Details relating to the fourth quarter 2010 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 Q4 2010 RDS A Shares (US$) 0.42 RDS B Shares (US$) 0.42
Dividends declared 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
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
dividends in euro.
The pounds sterling and euro equivalent dividend payments will be
Per ADS Q4 2010 RDS A ADSs (US$) 0.84 RDS B ADSs (US$) 0.84
Dividends declared on American Depository Shares (“ADSs”) will be paid,
by default, in US dollars.
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 dealing costs.
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 at its launch in
a Scrip Dividend Election in respect of their new A shares if they wish to
join the Programme in respect of such new shares.
For further information on the Programme, including how to join if you
are eligible, please refer to the appropriate publication available on
Dividend timetable for the fourth quarter 2010 interim dividend Announcement date February 3, 2011 Ex-dividend date February 9, 2011 Record date February 11, 2011 Scrip reference share price announcement date February 16, 2011 Closing of scrip election and currency election * February 25, 2011 Pounds sterling and euro equivalents announcement date March 4, 2011 Payment date March 25, 2011 * A different scrip election date may apply to registered and non registered ADS holders. 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 that applies.
Taxation cash dividends
Cash dividends on A Shares will be subject to the deduction of
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
Shareholders resident in the
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
country of residence so provide, or if they are eligible for relief given to
non-residents with certain special connections with the
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 2010 interim dividend of
per ordinary share and the dividend and tax credit together amount to