The FINANCIAL — The Board of Royal Dutch Shell plc announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2011 interim dividend, which was announced on February 2, 2012 at US$0.42 per A ordinary share and B ordinary share.
According to Shell, dividends on A Shares will be paid, by default, in euro at the rate of €0.3202 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by March 2, 2012 will be entitled to a dividend of 26.74p per A Share.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 26.74p per B Share. Holders of B Shares who have validly submitted euro currency elections by March 2, 2012 will be entitled to a dividend of €0.3202 per B Share.
This dividend will be payable on March 22, 2012 to those members whose names were on the Register of Members on February 17, 2012.
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 fourth quarter 2011 interim dividend of US$0.42 (26.74p or €0.3202) is US$0.05 (2.97p or €0.0356) per ordinary share and the dividend and tax credit together amount to US$0.47 (29.71p or €0.3558).