Royal Dutch Shell plc: Share Buyback Programme

LONDON, August 11, 2011 /PRNewswire/ --

Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A) (NYSE: RDS.B) announces its intention to commence a share buyback programme in accordance with authority granted by shareholders at the Company's 2011 Annual General Meeting.  The purpose of the share buy-back programme is to offset dilution created by the issuance of shares for the Company's Scrip Dividend Programme. 

The Company expects to purchase only B ordinary shares, which will be cancelled.  At this time, it is less economic for the Company to purchase A ordinary shares under the share buy-back programme due to Dutch dividend withholding Tax rules.

SOURCE Royal Dutch Shell plc

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED