ROYAL DUTCH SHELL PLC THIRD QUARTER 2012 INTERIM DIVIDEND
The Board of Royal Dutch Shell plc ("RDS") today announced an interim dividend
in respect of the third quarter of 2012 of US$0.43 per A ordinary share ("A
Share") and B ordinary share ("B Share"), an increase of US$ 0.01 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 below.
Details relating to the third quarter 2012 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 Q3 2012
RDS A Shares (US$) 0.43
RDS B Shares (US$) 0.43
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
The pounds sterling and euro equivalent dividend payments will be announced on
December 7, 2012.
Per ADS Q3 2012
RDS A ADSs (US$) 0.86
RDS B ADSs (US$) 0.86
Cash dividends 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 approved by the
Board. 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
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 approved by the Board.
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
Dividend timetable for the third quarter 2012 interim dividend
Announcement date November 1, 2012
Ex-dividend date November 14, 2012
Record date November 16, 2012
Scrip reference share price announcement date November 21, 2012
Closing of scrip election and currency election * November 30, 2012
Pounds sterling and euro equivalents announcement date December 7, 2012
Payment date December 20, 2012
* A different scrip election date may apply to registered and non registered
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
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 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 third quarter 2012 interim dividend of US$0.43 is US$0.05 per
ordinary share and the dividend and tax credit together amount to US$0.48. The
pounds sterling and euro equivalents will be announced on December 7, 2012.
Royal Dutch Shell plc
The Hague, November 1, 2012
Investor Relations: Europe: + 31 (0)70 377 4540; USA: +1 713 241 1042
Media: +44 207 934 5550
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, 2011 (available at www.shell.com/investor and 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, 1 November 2012. 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.