Royal Dutch Shell plc - Share Buy-back Programme
LONDON, December 19, 2012 /PRNewswire/ --
Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A)(NYSE: RDS.B) announces that it has entered into an irrevocable, non-discretionary arrangement with an independent third party to enable the purchase of 'B' ordinary shares, for cancellation, during its 2012 fourth quarter results closed period. The close period commences on 1 January 2013 and is up to and including 31 January 2013.
As previously announced, the purpose of the share buy-back programme is to offset dilution created by the issuance of shares for the Company's Scrip Dividend Programme. At this time, it is less economic for the Company to purchase 'A' ordinary shares under the share buy-back programme due to Dutch dividend withholding Tax rules.
Any purchases will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules.
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SOURCE Royal Dutch Shell plc