Shell plc has announced the equivalent dividend payments in pounds sterling and euros for the second quarter of 2023. Shareholders had the option to receive their dividends in US dollars, euros, or pounds sterling. The dividend per ordinary share is US$0.331, €0.3046, or 26.12p, depending on the currency election made by the shareholder. 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 dividends will be payable on September 18, 2023, to shareholders whose names were on the Register of Members on August 11, 2023.
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 August 30 to September 1, 2023. It is important to note that shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland may have a different currency election date.
The announcement also includes a cautionary note and forward-looking statements. The cautionary note highlights that the companies in which Shell plc owns investments are separate legal entities, and the terms "Shell," "Shell Group," and "Group" are used for convenience. The forward-looking statements express management's expectations and assumptions about the financial condition, results of operations, and businesses of Shell. These statements are based on current expectations and involve known and unknown risks and uncertainties that could cause actual results to differ materially.
Overall, the news provides information about the dividend payments for the second quarter of 2023 and includes important details such as the currency options, conversion rates, and payment dates. It also includes cautionary and forward-looking statements to provide transparency and manage expectations.