Shell plc has announced the equivalent dividend payments in pounds sterling and euros for the third quarter of 2023. Shareholders had the option to receive their dividends in US dollars, euros, or pounds sterling. Those who submitted valid currency elections by December 1, 2023, will be entitled to a dividend of US$0.331, €0.3070, or 26.31p per ordinary share, respectively. Shareholders holding their ordinary shares through Euroclear Nederland will receive their dividends in euros, while shareholders holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling.
The euro and pounds sterling dividends payable in cash have been converted from US dollars based on the average market exchange rates over the three dealing days from December 6 to December 8, 2023. The dividend will be payable on December 20, 2023, to shareholders whose names were on the Register of Members on November 17, 2023.
The announcement also includes a cautionary note regarding the separate legal entities within the Shell Group and the use of terms such as "Shell," "Shell Group," and "Group" for convenience. It also provides forward-looking statements concerning the financial condition, results of operations, and businesses of Shell. These statements are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially.
The factors that could affect Shell's future operations and results include price fluctuations in crude oil and natural gas, changes in demand for Shell's products, currency fluctuations, drilling and production results, reserves estimates, loss of market share and industry competition, environmental and physical risks, risks associated with acquisitions, doing business in developing countries and countries subject to international sanctions, legislative and regulatory developments, economic and financial market conditions, and political risks.
Overall, the news provides information on the dividend payments for the third quarter of 2023 and includes cautionary statements regarding the future operations and risks faced by Shell.