ROYAL DUTCH SHELL PLC THIRD QUARTER
2016 EURO AND GBP EQUIVALENT DIVIDEND
PAYMENTS
The Hague, December 2, 2016 - The Board of Royal Dutch Shell plc (“RDS”) today announced
the pounds sterling and euro equivalent dividend payments in
respect of the third quarter 2016 interim dividend, which was
announced on November 1, 2016 at
US$0.47 per A ordinary share (“A
Share”) and B ordinary share (“B Share”).
Dividends on A Shares will be paid, by default, in euro at the
rate of €0.4413 per A Share. Holders of A Shares who have validly
submitted pounds sterling currency elections by November 25, 2016 will be entitled to a dividend
of 37.16p per A Share.
Dividends on B Shares will be paid, by default, in pounds
sterling at the rate of 37.16p per B Share. Holders of B Shares who
have validly submitted euro currency elections by November 25, 2016 will be entitled to a dividend
of €0.4413 per B Share.
This dividend will be payable on December
16, 2016 to those members whose names were on the Register
of Members on November 11, 2016.
Taxation - cash dividend
Cash dividends on A Shares will be subject to the deduction of
Dutch dividend withholding tax at the rate of 15%, which may be
reduced in certain circumstances. Based on a policy statement
issued by the Dutch Ministry of Finance on April 29, 2016 (which will be formalized in law),
and depending on their particular circumstances, non-Dutch
shareholders may be entitled to a full or partial refund of Dutch
dividend withholding tax.
Furthermore, in April 2016, there
were changes to the UK taxation of dividends. The dividend tax
credit has been abolished, and a new tax free dividend allowance of
£5,000 introduced. Dividend income in excess of the allowance will
be taxable at the following rates: 7.5% within the basic rate band;
32.5% within the higher rate band; and 38.1% on dividend income
taxable at the additional rate.
If you are uncertain as to the tax treatment of any dividends
you should consult your own tax advisor.
Royal Dutch
Shell plc
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CAUTIONARY NOTE
The companies in which Royal Dutch
Shell plc directly and indirectly owns investments are
separate legal entities. In this announcement “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 announcement
refer to companies over which Royal Dutch
Shell plc either directly or indirectly has control.
Entities and unincorporated arrangements over which Shell has joint
control are generally referred to as “joint ventures” and “joint
operations” respectively. Entities over which Shell has significant
influence but neither control nor joint control are referred to as
“associates”. The term “Shell interest” is used for convenience to
indicate the direct and/or indirect ownership interest held by
Shell in a venture, partnership or company, after exclusion of all
third-party interest.
This announcement 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’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’,
‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’,
‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’
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 announcement, 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 regulatory measures addressing
climate change; (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. There can be no assurance that
future dividend payments will match or exceed previous dividend
payments. All forward-looking statements contained in this
announcement 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 risk factors that may affect future results
are contained in Royal Dutch Shell’s Form 20-F for the year ended
December 31, 2015 (available at www.shell.com/investor and
www.sec.gov). These risk factors also expressly qualify all
forward-looking statements contained in this announcement and
should be considered by the reader. Each forward-looking statement
speaks only as of the date of this announcement, December 2, 2016.
Neither Royal Dutch Shell plc 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 announcement.
This Report contains references to Shell’s website. These
references are for the readers’ convenience only. Shell is not
incorporating by reference any information posted on
www.shell.com
We may have used certain terms, such as resources, in this
announcement that the United States Securities and Exchange
Commission (SEC) strictly prohibits us from including in our
filings with the SEC. U.S. investors are urged to consider closely
the disclosure in our Form 20-F, File No 1-32575, available on the
SEC website www.sec.gov. You can also obtain this form from the SEC
by calling 1-800-SEC-0330.