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Scrip issuance & buybacks
Royal Dutch Shell plc commences Share Buyback Programme.
August 11, 2011 - Royal Dutch Shell plc (the 'Company') announces its intention to commence a share buyback programme in accordance with authority granted by shareholders at the Company's 2011 Annual General Meeting. The purpose of the share buy-back programme is to offset dilution created by the issuance of shares for the Company's Scrip Dividend Programme.
The Company expects to purchase only B ordinary shares, which will be cancelled. At this time, it is less economic for the Company to purchase A ordinary shares under the share buy-back programme due to Dutch dividend withholding Tax rules.