Shell Announces 2nd Quarter 2020 Euro & GBP Equivalent Dividend Payments

Source: www.gulfoilandgas.com 9/8/2020, Location: Europe

Dividends on A Shares will be paid, by default, in euros at the rate of €0.1353 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency elections by August 28, 2020 will be entitled to a dividend of US$0.16 or 12.09p per A Share, respectively.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 12.09p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by August 28, 2020 will be entitled to a dividend of US$0.16 or €0.1353 per B Share, respectively.

Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from 3 to 7 September 2020.

This dividend will be payable on September 21, 2020 to those members whose names were on the Register of Members on August 14, 2020.

Taxation - cash dividend
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.

If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.


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