Royal Dutch Shell Offers Scrip Dividend Programme in 2015

Source: www.gulfoilandgas.com 3/3/2015, Location: Not categorized

Royal Dutch Shell plc (Shell) announces that it intends to offer the option for shareholders to receive dividends in cash or in shares via a Scrip Dividend Programme (the “Programme”) with effect from the first quarter 2015 interim dividend onwards. This means that for the first quarter 2015 interim dividend, shareholders can opt to receive their dividend in shares.

Shareholders who do not join the Programme will continue to receive in cash any dividends declared by Shell.

Under the Programme shareholders will be able to increase their shareholding in Shell by choosing to receive new fully paid shares in lieu of cash dividends paid by Shell. Only new A Shares will be issued under the Programme, including to shareholders who currently hold B Shares.

Shell’s financial framework and priorities are unchanged. Scrip dividends offer shareholders the opportunity to receive shares as an alternative to cash dividends, and increased financial flexibility for the company in the down-cycle.

Documents providing further detail in respect of the Programme will be available in due course.

Note:
Directors were authorised at the 2010 Annual General Meeting (“AGM”) to offer shareholders the right to choose shares instead of a cash dividend. This authority was for a five year period and will cover the first quarter 2015 interim dividend. Similar authority will be sought at the 2015 AGM, however such renewal of authority will be for a three year period to comply with revised investor guidelines.


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.