LONDON, December 3, 2010 /PRNewswire-FirstCall/ -- The Board of Royal Dutch Shell plc (NYSE :RDS.A )(NYSE :RDS.B ) ("RDS") today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter interim dividend of 2010, which was announced on October 28, 2010 at $0.42 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 EUR0.3138 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by November 26, 2010 will be entitled to a dividend of 26.72p per A Share.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 26.72p per B Share. Holders of B Shares who have validly submitted euro currency elections by November 26, 2010 will be entitled to a dividend of EUR0.3138 per B Share.
This dividend will be payable on December 17, 2010 to those members whose names were on the Register of Members on November 5, 2010.
Taxation cash dividends
Dividends on A Shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are met, shareholders in receipt of A Share dividends may also be entitled to a non-payable dividend tax credit in the United Kingdom.
Shareholders resident in the United Kingdom, receiving dividends on B Shares through the Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-residents may also be entitled to a tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area.
The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the third quarter 2010 interim dividend of US$0.42 (26.72p or EUR0.3138) is US$0.05 (2.97p or EUR0.0349) per ordinary share and the dividend and tax credit together amount to US$0.47 (29.69p or EUR0.3487).
SOURCE Royal Dutch Shell plc