September 5, 2022
The Board of Shell plc (“Shell”) today announced dividend payments in Sterling and Euro in respect of the second quarter 2022 interim dividend, which was declared on 28 July 2022 at US$0.25 per common share became.
Shareholders could choose to receive their dividends in US Dollars, Euros or Sterling. Holders of common shares validly voting in US dollars, euros or pounds sterling by August 26, 2022 will be entitled to a dividend of US$0.25, €0.2499 or 21.57 pence per common share .
Unless a valid election to the contrary has been made, persons holding their Ordinary Shares through Euroclear Nederland will receive their dividends in Euro at the Euro rate per Ordinary Share indicated above. Unless a valid election to the contrary has been made, shareholders (both in certificate and uncertificate form (CREST Members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in Sterling at the Sterling – Price per common share .
Dividends payable in Euro and Sterling cash have been converted from US Dollars based on an average market exchange rate over the three dealing days 31 August to 2 September 2022. This dividend will be paid on September 19, 2022 to those members whose names were added to the register of members on August 12, 2022.
Taxation – Cash Dividend
As Shell has become UK tax resident, dividends paid to shareholders on their common shares are not subject to Dutch withholding tax. This means that the holders of the former A-shares receive their dividends in full, as no Dutch withholding tax is withheld on these dividends. Ex-B Shareholders will receive their dividends directly from Shell as these dividends will no longer be paid through the Dividend Access Mechanism.
If you are in any doubt about the tax treatment of dividends you should consult your tax adviser.
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