By Ejekwu ChidIebere
The Board of Shell plc has just announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2025 interim dividend, which was announced on May 2, 2025 at US$0.358 per ordinary share.
Shell had noted in its statement made available to Energy Window International (Media) that its shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Adding that holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by June 2, 2025 will be entitled to a dividend of US$0.358, €0.3136 or 26.41p per ordinary share, respectively.
However, in the absence of any valid election to the contrary Shell says, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share as has been stated above. Again, in the absence of any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through its Corporate Nominee will receive their dividends in pounds sterling, at the pound sterling rate per ordinary share as also indicated above.
Stating further Shell said “any euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from June 4 to June 6, 2025.” “This dividend will be payable on June 23, 2025 to those members whose names were on the Register of Members on May 16, 2025. The company also called on shareholders who have clarification issues on taxation (cash dividend) and tax treatment of any dividends to seek the attention of a tax advisor.
“A different currency election date may apply to shareholders with shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies,” Shell stated.