Royal Dutch Shell plc First Quarter 2014 Euro and GBP Equivalent Dividend Payments
THE HAGUE, the Netherlands, June 10, 2014 /PRNewswire/ --
The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A)(NYSE: RDS.B) today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2014 interim dividend, which was announced on April 30, 2014 at US$0.47 per A ordinary share ("A Share") and B ordinary share ("B Share").
Dividends on A Shares will be paid, by default, in euro at the rate of €0.3468 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by June 2, 2014 will be entitled to a dividend of 28.03p per A Share.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 28.03p per B Share. Holders of B Shares who have validly submitted euro currency elections by June 2, 2014 will be entitled to a dividend of €0.3468 per B Share.
This dividend will be payable on June 26, 2014 to those members whose names were on the Register of Members on May 16, 2014.
Taxation cash dividends
Dividends on A Shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are met, shareholders in receipt of A Share dividends may also be entitled to a non-payable dividend tax credit in the United Kingdom.
Shareholders resident in the United Kingdom, receiving dividends on B Shares through the Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-residents may also be entitled to a tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area.
The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the first quarter 2014 interim dividend of US$0.47 (28.03p or €0.3468) is US$0.05 (3.11p or €0.0385) per ordinary share and the dividend and tax credit together amount to US$0.52 (31.14p or €0.3853).
Royal Dutch Shell plc
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SOURCE Royal Dutch Shell plc
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