Royal Dutch Shell plc first quarter 2015 scrip dividend programme reference share price
May 21, 2015
The Board of Royal Dutch Shell plc (“RDS”) today announced the Reference Share Price in respect of the first quarter interim dividend of 2015, which was announced on April 30, 2015 at $0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”) and $0.94 per American Depository Share (“ADS”).
Reference Share Price
The Reference Share price is used for calculating a Participating Shareholder’s entitlement under the Scrip Dividend Programme, as defined below.
|Reference Share price (US$)||31.217|
The Reference Share Price is the US dollar equivalent of the average of the closing price for the Company’s A Shares listed on Euronext Amsterdam for the five dealing days commencing on (and including) the date on which the Shares are first quoted ex-dividend in respect of the relevant dividend.
The Reference Share Price is calculated by reference to the Euronext Amsterdam closing price in euro. The US dollar equivalent of the closing price on each of the dealing days referred to above is calculated using a market currency exchange rate prevailing at the time.
Reference ADS Price
ADS stands for “American Depositary Share”. ADR stands for “American Depositary Receipt”. An ADR is a certificate that evidences ADSs (though the terms ADR and ADS are often used interchangeably). ADSs are listed on the NYSE under the symbols RDS.A and RDS.B. Each ADS represents two ordinary shares, two ordinary A Shares in the case of RDS.A or two ordinary B Shares in the case of RDS.B.
|Reference ADS price (US$)||62.434|
The Reference ADS Price equals the Reference Share Price of the two A Shares underlying each new A ADS.
Scrip dividend programme
Beginning with its first quarter interim dividend for 2015, RDS provides shareholders with a choice to receive dividends in cash or in shares via a Scrip Dividend Programme (“the 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 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.
For further information on the Programme, including how to join if you are eligible, please refer to the appropriate publication available on www.shell.com/scrip.
Royal Dutch Shell plc
The Hague, May 21, 2015
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