Royal Dutch Shell plc - Share Buy-back Programme

Dec 27, 2013, 05:56 ET from Royal Dutch Shell plc

LONDON, December 27, 2013 /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 the period from 2 January 2014 up to and including 13 March 2014 which period includes the 2013 fourth quarter results close period.

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.

Enquiries

Shell Media Relations International, UK, European Press: +44(0)207-934-5550 Shell Investor Relations Europe: + 31-70-377-3996  United States: +1-713-241-1042

 

SOURCE Royal Dutch Shell plc