Royal Dutch Shell: Shell Introduces Scrip Dividend Programme
Royal Dutch Shell plc introduces Scrip Dividend Programme
The Hague, September 17, 2010
Beginning with its third quarter interim dividend for 2010, Royal Dutch Shell
plc ("Shell") intends to provide 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 Shell by
choosing to receive new shares instead of cash dividends if declared by Shell.
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 shareholder.
Shareholders who elect to join the Programme will increase the number of shares held in Shell without having to buy existing shares in the market, thereby avoiding associated dealing costs.
When the Programme is introduced, the Dividend Reinvestment Plans currently
provided by Equiniti and Royal Bank of Scotland N.V. will be withdrawn; the
dividend reinvestment feature of the plan currently provided by The Bank of New York Mellon will likewise be withdrawn. Shareholders who participate in one of these plans will in most cases not automatically be enrolled in the Programme and will in most cases need to elect to join.
Shareholders who do not join the Programme will continue to receive in cash any dividends declared by Shell.
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.
Documents in respect of the Programme, including a letter from the Chairman,
election forms and a summary Q&A booklet, have been published today. Copies of these documents have also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm.do.
Shareholders who wish to speak to someone about the Programme, please see
below:
* Holders of share certificates, holders of shares held through CREST or the
RDS Corporate Nominee please contact our Registrar, Equiniti:
Telephone: 0800 169 1679 (from within the UK) /
+44 121 415 7073 (from outside the UK)
* Registered ADS holders please contact The Bank of New York Mellon:
Telephone: 888 737 2377 (from within the US) / +1 201 680 6825 (from outside the US)
* Beneficial ADS holders please contact your bank, broker or financial intermediary through which you hold your ADSs.
* Holders of shares through a securities account with a bank or another financial institution holding ultimately through Euroclear Nederland, please contact your bank or financial institution using their usual contact details or alternatively contact our Agent, Royal Bank of Scotland N.V.: Telephone: 00800 3882 4743 (from within the EU) / +31 20 464 3707 (from outside the EU)
* Shareholders who hold their shares by any other method please contact your bank, broker or financial institution using their usual contact details.
* If you are not sure how you hold your shares or who you should contact from the institutions listed, please contact our Registrar, Equiniti, via their contact details provided above.
Shell Media
International - Shell Media Relations +31 70 377 3600
USA - Shell U.S. Media Relations +1 713 241 4544... Read more
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