ROYAL DUTCH SHELL PLC SECOND QUARTER 2016 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS
The Hague, September 5, 2016 - The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2016 interim dividend, which was announced on July 28, 2016 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 €0.4218 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by August 26, 2016 will be entitled to a dividend of 35.27p per A Share.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 35.27p per B Share. Holders of B Shares who have validly submitted euro currency elections by August 26, 2016 will be entitled to a dividend of €0.4218 per B Share.
This dividend will be payable on September 19, 2016 to those members whose names were on the Register of Members on August 12, 2016.
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. Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016, and depending on their particular circumstances, non-Dutch individual shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax.
Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit has been abolished, and a new tax free dividend allowance of £5,000 introduced. Dividend income in excess of the allowance will be taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate.
If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor.
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