Shell to pay €0.1420 as dividend on A Share

0
26

Dividends on A Shares will be paid, by default, in euros at the rate of €0.1420 per A Share, according to the Oil giant.

Holders of A Shares who have validly submitted US dollars or pounds sterling currency elections by June 2, 2020 will be entitled to a dividend of US$0.16 or 12.68p per A Share, respectively.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 12.68p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by June 2, 2020 will be entitled to a dividend of US$0.16 or €0.1420 per B Share, respectively.

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 3 to 5 June 2020.

This dividend will be payable on June 22, 2020 to those members whose names were on the Register of Members on May 15, 2020.

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 tax advisor,” she said.

Source: Laudbusiness.com/Ghana

LEAVE A REPLY

Please enter your comment!
Please enter your name here