Shell announce fourth quarter 2022 Euro and GBP equivalent dividend payments
The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2022 interim dividend, which was announced on February 2, 2023 at US$0.2875 per ordinary share.
Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by March 3, 2023 will be entitled to a dividend of US$0.2875, €0.2716 or 24.11p per ordinary share, respectively.
Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share shown above. 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, at the pound sterling rate per ordinary share shown above.
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 March 8 to March 10, 2023. This dividend will be payable on March 27, 2023 to those members whose names were on the Register of Members on February 17, 2023.
Taxation – cash dividend
With the Company’s tax residence moved to the UK, dividends paid to shareholders on their ordinary shares will not attract Dutch dividend withholding tax. This means that holders of the former A shares receive their dividends in full as Dutch dividend withholding tax is no longer withheld on these dividends. Holders of the former B shares receive their dividends directly from the Company as these dividends will no longer be paid through the Dividend Access Mechanism.
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