THE HAGUE, the Netherlands, November 21, 2012 /PRNewswire/ --
The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A)(NYSE: RDS.B) today announced the Reference Share Price in respect of the third quarter interim dividend of 2012, which was announced on November 1st, 2012 at $0.43 per A ordinary share ("A Share") and B ordinary share ("B Share") and $0.86 per American Depository Share ("ADS").
Reference Share Price
The Reference Share price is used for calculating a Participating Shareholder's entitlement under the Scrip Dividend Programme, as defined below.
Q3 2012 Reference Share price (US$) 32.906The Reference Share Price is the US dollar equivalent of the average of the closing price for the Company's A Shares listed on Euronext Amsterdam for the five dealing days commencing on (and including) the date on which the Shares are first quoted ex-dividend in respect of the relevant dividend. The Reference Share Price is calculated by reference to the Euronext Amsterdam closing price in euro. The US dollar equivalent of the closing price on each of the dealing days referred to above is calculated using a market currency exchange rate prevailing at the time. Reference ADS Price ADS stands for "American Depositary Share". ADR stands for "American Depositary Receipt". An ADR is a certificate that evidences ADSs (though the terms ADR and ADS are often used interchangeably). ADSs are listed on the NYSE under the symbols RDS.A and RDS.B. Each ADS represents two ordinary shares, two ordinary A Shares in the case of RDS.A or two ordinary B Shares in the case of RDS.B.
Q3 2012 Reference ADS price (US$) 65.812The Reference ADS Price equals the Reference Share Price of the two A Shares underlying each new A ADS. A recent court ruling has established that Stamp Duty Reserve Tax (SDRT) is not due on the issue of shares to a US depositary. Therefore, the Reference ADS price no longer includes an adjustment for the deduction of SDRT (or the Dutch withholding tax associated with the payment of SDRT). Given these changes, there is no longer a need to have an Alternative Reference ADS Price. The Reference ADS Price will instead apply to all A ADSs and B ADSs.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV