This change impacts the previously announced timetable only in relation to the third quarter 2014 interim dividend; the 2014 interim dividend timetable in relation to the first and second quarters is not affected. The dates impacted are the ex-dividend date for the RDS A and RDS B shares traded on the London Stock Exchange and the Euronext Amsterdam, and the Scrip reference share price announcement date. See Note 1 for more information.
For ease of reference, the full 2014 interim dividend timetable, including the revised changes in relation to the third quarter, is shown below.
2014 interim dividend timetable
|1st Quarter 2014||2nd Quarter 2014||3rd Quarter 2014|
|Announcement date||April 30, 2014||July 31, 2014||October 30, 2014|
|Ex-dividend date – RDS A ADSs and RDS B ADSs (see Note 1)||May 14, 2014||August 13, 2014||November 12, 2014|
|Ex-dividend date – RDS A and RDS B shares (see Note 1)||May 14, 2014||August 13, 2014||November 13, 2014|
|Record date||May 16, 2014||August 15, 2014||November 14, 2014|
|Scrip reference share price announcement date||May 21, 2014||August 20, 2014||n/a|
|Closing of scrip election and/or currency election (see Note 2)||June 2, 2014||September 1, 2014||November 28, 2014|
|Pounds sterling and euro equivalents announcement date||June 10, 2014||September 8, 2014||December 5, 2014|
|Payment date||June 26, 2014||September 25, 2014||December 22, 2014|
The London Stock Exchange and Euronext Amsterdam, with effect from October 6, 2014 will reduce the standard settlement cycle in accordance with the Regulation of the European Parliament and of the Council on improving securities settlement in the European Union and on central securities depositories (CSDs) and amending Directive 98/26/EC (the “CSD Regulation”).
This CSD Regulation aims to harmonise EU securities settlement cycles towards a T + 2 cycle. As a result RDS A shares and RDS B shares traded on these markets will now settle one day quicker than the RDS A ADSs and RDS B ADSs traded in the United States. Record dates will not change. The timings of these are detailed above.
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.
The revised 2014 interim dividend timetable is also available on www.shell.com/dividend.