Shell announces 2019 Q2 Euro, GBP equivalent dividend payments

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According to the company, dividends on A Shares will be paid, by default, in euro at the rate of €0.4252 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by September 2, 2019 will be entitled to a dividend of 38.01p per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 38.01p per B Share. Holders of B Shares who have validly submitted euro currency elections by September 2, 2019 will be entitled to a dividend of €0.4252 per B Share.

This dividend will be payable on September 23, 2019 to those members whose names were on the Register of Members on August 16, 2019.

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. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax.

If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor.

Source: Laudbusiness.com/Ghana (nartey.laud@yahoo.com)

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