The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2014 interim dividend, which was announced on July 31, 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 €0.3632 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by September 1, 2014 will be entitled to a dividend of 29.09p per A Share.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 29.09p per B Share. Holders of B Shares who have validly submitted euro currency elections by September 1, 2014 will be entitled to a dividend of €0.3632 per B Share.
This dividend will be payable on September 25, 2014 to those members whose names were on the Register of Members on August 15, 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 second quarter 2014 interim dividend of US$0.47 (29.09p or €0.3632) is US$0.05 (3.23p or €0.0404) per ordinary share and the dividend and tax credit together amount to US$0.52 (32.32p or €0.4036).