London, 27 July, 2023, (Oilandgaspress)
The Board of Shell plc (the “Company”) today announced an interim dividend in respect of the second quarter of 2023 of US$ 0.331 per ordinary share.
Details relating to the second quarter 2023 interim dividend
| Per ordinary share | Q2 2023 |
|---|---|
| Shell Shares (US$) | 0.331 |
Shareholders will be able to elect to receive their dividends in US dollars, euros or pounds sterling.
Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros.
Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling.
The pound sterling and euro equivalent dividend payments will be announced on September 4, 2023.
| Per ADS | Q2 2023 |
|---|---|
| Shell ADSs (US$) | 0.662 |
Cash dividends on American Depositary Shares (“ADSs”) will be paid, by default, in US dollars.
Each ADS represents two ordinary shares. ADSs are evidenced by an American Depositary Receipt (“ADR”) certificate. In many cases the terms ADR and ADS are used interchangeably.
Dividend timetable for the second quarter 2023 interim dividend
| Event | Date |
|---|---|
| Announcement date | July 27, 2023 |
| Ex- Dividend Date for ADSs | August 10, 2023 |
| Ex- Dividend Date for ordinary shares | August 10, 2023 |
| Record date | August 11, 2023 |
| Closing of currency election date (see Note below) | August 25, 2023 |
| Pound sterling and euro equivalents announcement date | September 4, 2023 |
| Payment date | September 18, 2023 |
Note
A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.
Taxation – cash dividends
If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.
Dividend Reinvestment Programmes (“DRIP”)
The following organisations operate Dividend Reinvestment Plans (“DRIPs”) which enable the Company’s shareholders to elect to have their dividend payments used to purchase the Company’s shares:
- Equiniti Financial Services Limited (“EFSL”), for those holding shares (a) directly on the register as certificate holder or as CREST Member and (b) via the Shell Corporate Nominee;
- ABN-AMRO NV (“ABN”) for Financial Intermediaries holding shares via Euroclear Nederland;
- JPMorgan Chase Bank, N.A. (“JPM”) for holders of ADSs; and
- Other DRIPs may also be available from the intermediary through which investors hold their shares and ADSs.
Such organisations provide their DRIPs fully on their account and not on behalf of the Company. Interested parties should contact DRIP Offerors directly.
More information can be found at https://www.shell.com/drip
