Admin l Tuesday, June 11, 2019
HAGUE, Netherlands – The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2019 interim dividend, which was announced on May 2, 2019 at US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”).
Shell said dividends on A Shares will be paid, by default, in euro at the rate of €0.4154 per A Share, stressing that holders of A Shares who have validly submitted pounds sterling currency elections by June 3, 2019 will be entitled to a dividend of 36.97p per A Share.
“Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 36.97p per B Share. Holders of B Shares who have validly submitted euro currency elections by June 3, 2019 will be entitled to a dividend of €0.4154 per B Share”, it noted.
This dividend will be payable on June 24, 2019 to those members whose names were on the Register of Members on May 17, 2019.
Taxation – cash dividend
According to Shell, cash dividends on A shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances.
“Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax”, Shell said, adding if you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor.
