Shell introduces option to receive dividend in US dollars and moves
to full electronic settlement of its dividends
Royal Dutch Shell plc (“Shell”) today announces that it will
introduce the option for shareholders to receive Shell’s dividends
in US dollars with effect from the fourth quarter 2019 interim
dividend. Furthermore, Shell will settle its dividend with its
shareholders fully electronically either in CREST or via interbank
transfers.
Introduction of US dollar as additional currency
electionFrom the fourth quarter 2019 interim dividend,
shareholders can elect to receive their dividend in US dollar.
Shareholders are reminded that dividends on A and B shares will
be paid in euro and pound sterling respectively, unless
shareholders elect to receive an alternative currency. With the
addition of US dollar, shareholders of A and B shares will be able
to receive their dividends in euro, pound sterling and or US
dollar. Dividends on American Depository Shares continue to be paid
in USD.
Full electronic settlement of dividendsFrom the
fourth quarter 2019 interim dividend payment, shareholders that
hold their shares in dematerialised form, will receive their
dividends primarily in CREST. These shareholders will need to
ensure that Euroclear UK and Ireland has set their dividend mandate
flag accordingly. Furthermore, in order to receive dividends across
the three available currencies, euro, pounds sterling and US
dollars, these shareholders should provide CREST Memorandum
Accounts for each of these three currencies.
Alternatively, shareholders who do not opt to receive dividends
in CREST, should provide their euro, pounds sterling and US dollars
bank account details to Shell’s Registrar, Equiniti Limited.
Shell’s Registrar, Equiniti Limited, will shortly approach all
shareholders holding their shares in dematerialised form in CREST
with further detail.
From the first quarter 2020 interim dividend, shareholders that
hold their shares in certificated form and all participants in
Shell’s Corporate Sponsored Nominee (“CSN”) will receive their
dividends fully electronically. Certificate holders and CSN
participants that have not yet provided their bank account details,
will shortly receive a letter with further detail, alongside their
third quarter 2019 interim dividend cheques.
Shareholders timely taking the suggested actions is critical to
receive one’s dividends going forward. Therefore, any shareholder
or CSN participant that has not received communication from Shell’s
Registrar, Equiniti Limited, by December 20, 2019, is requested to
contact Equiniti Limited itself via the following phone
numbers:
- 0800 169 1679 (UK only)
- + 44 121 415 7073 (Rest of world)
Investors holding their Shell shares via a bank, custodian,
broker or nominee do not have to take any action to continue to
receive their dividends. If these investors are interested in
receiving their fourth quarter 2019 interim dividend and future
dividends in USD, they should approach their bank, custodian,
broker or nominee.
More information on Shell’s dividend can be found
at: https://www.shell.com/investors/dividend-information
More information on Shell’s Registrar and CSN can be found
at: https://www.shell.com/investors/retail-shareholder-information/managing-your-shares.html
Royal Dutch Shell plcThe Hague,
December 18, 2019
Contacts:
Investor RelationsEurope:
+ 31 (0) 70 377 4540North
America:
+1 832 337 2034
MediaInternational:
+44 (0) 207 934 5550Americas:
+1
832 337 4355
Cautionary noteThe 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 Royal Dutch Shell plc and its
subsidiaries in general or to those who work for them. These terms
are also used where no useful purpose is served by identifying the
particular entity or entities. ‘‘Subsidiaries’’, “Shell
subsidiaries” and “Shell companies” as used in this announcement
refer to entities 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 an entity or
unincorporated joint arrangement, after exclusion of all
third-party interest.
This announcement contains forward-looking statements (within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995) 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 “aim”,
“ambition’, ‘‘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. No assurance is provided 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, 2018 (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 18, 2019. 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 announcement may contain 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.
LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70