(BRIEF) Shell plc’s board of directors has revealed dividend bills for the fourth quarter of 2023, which were previously announced at US$0. 344 per usual share. Shareholders had the option of receiving their dividends in U. S. dollars, euros, or pounds. Pounds. The dividend amounts, equivalent to US$0. 344, €0. 3151 or 26. 90 pence consistent with ordinary shares, were decided based on potential shareholder currency options submitted prior to March 1, 2024. Dividends will be paid in euros or pounds sterling. , unless otherwise specified through shareholders, with conversion. Rates based on market exchange rates for 3 business days from March 6 to March 8, 2024. Payments will be distributed on March 25, 2024 to eligible members registered in the Member Registry beginning February 16, 2024.
(PRESS RELEASE) LONDON, March 11, 2024 — /EuropaWire/ — The board of directors of Shell plc today announced the payment of dividends in pounds sterling and its equivalent in euros in respect of the interim dividend for the fourth quarter of 2023, which was announced on February 1. 2024 to $0. 344 consistent with participation.
Shareholders have the option to decide whether they want to get their dividends in US dollars, euros or British pounds. Holders of common shares who have validly submitted their currency choice in U. S. dollars, euros, or pounds sterling until March 1, 2024, will be entitled to a dividend of $0. 344, €0. 3151, or 26. 90 pence consistent with the share, respectively.
Unless validly chosen otherwise, children who maintain their ordinary percentages through Euroclear Nederland will receive their dividends in euros at the rate in euros consistent with the ordinary percentage set out above. Unless validly chosen otherwise, based on the percentages set forth above. qualified or unqualified (CREST members)) and children who maintain their consistent percentages through Shell Corporate Nominee will earn their dividends in pounds sterling, at the pound sterling exchange rate consistent with the ordinary consistent percentage set out above.
Euro and GBP dividends payable in cash have been exchanged from the US dollar based on an average of market exchange rates over the 3 business days of March 6-8, 2024. This dividend will be paid on March 25, 2024 to members whose names gave the impression at the member login on February 16, 2024.
Taxation – monetary dividend
If you are unsure about the tax solution of any dividend, you deserve to consult your tax advisor.
Note
Possibly another currency type date would apply to shareholders who hold shares in a securities account at a bank or monetary establishment that ultimately holds them through Euroclear Nederland. This would possibly also apply to other shareholders who do not hold their shares directly with Members. • Register or under a company-sponsored nomination agreement. Shareholders may contact their broker, money broker, bank, or monetary establishment to find out the election deadline that applies.
Precaution
The corporations in which Shell plc has direct and indirect investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are used for convenience when references are made to Shell plc and its subsidiaries infrequently. Likewise, the words “we”, “us” and “our” are also used infrequently to refer to Shell plc and its subsidiaries or those who work for them. These terms are also used when it is not useful to identify the specific entity(ies). “Subsidiaries”, “Shell subsidiaries” and “Shell corporations”, as used in this announcement, refer to entities over which Shell plc exercises direct or indirect control. Unincorporated entities and arrangements over which Shell exercises joint control are rarely referred to as “joint ventures” and “joint operations,” respectively. “Joint ventures” and “joint activities” are collectively referred to as “joint arrangements. ” Entities over which Shell has significant influence but without control or joint control are called “associates”. The term “Shell Interest” is used for convenience to imply the direct and/or indirect interest held through Shell in an unincorporated entity or company, after excluding any third party interest.
Forward-Looking Statements
This release includes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) relating to Shell’s financial condition, effects of operations and businesses. All advertisements that are not factually old are, or could possibly be considered, forward-looking advertisements. Long-term expectations are based on management’s existing expectations and assumptions and involve known and unknown threats and uncertainties that may also cause actual effects, functionalities or occasions to differ materially from those expressed. or implicit in those s. Forward-looking statements include, among other things, those relating to Shell’s prospective exposure to market position threats and those expressing management’s expectations, beliefs, estimates, forecasts, allocations and assumptions. These forward-looking expressions are known by the use of words and expressions such as “target”, “ambition”, “anticipate”, “believe”, “may also”, “estimate”, “expect”, “goals”, “intends”. Array “target”, “ will” and similar terms and expressions. There are a number of points that may also have effects on Shell’s long-term operations and may also cause the effects to differ materially from those expressed in the forward-looking statements included in this release, which add (without limitation): (a ) fluctuations in the value of crude oil. and herbal gas; (b) adjustments in demand for Shell products; c) currency fluctuations; (d) drilling and production effects; (e) reserve estimates; (f) loss of percentage of market position and competition in the industry; (g) environmental and physical threats; (h) threats related to the identification of suitable housing and potential acquisition targets and the effective negotiation and consummation of such transactions; (i) the threat of doing business in emerging countries and subject to foreign sanctions; j) legislative, judicial, fiscal and regulatory developments, adding regulatory measures to fight climate change; k) economic and monetary market position situations in various countries and regions; (l) political threats, including threats of expropriation and renegotiation of the terms of contracts with government entities, delays or progress in the approval of allocations and delays in the reimbursement of percentage costs; (m) threats related to the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russian invasion of Ukraine, and a general breach of cybersecurity; and (n) adjustments in business situations. There can be no assurance that long-term dividend bills will meet or exceed dividend bills. All forward-looking statements contained in this release are expressly qualified in their entirety by the caveats contained or referred to in this section. Readers deserve not to place undue reliance on forward-looking advertisements. Additional threat items that could possibly have long-term effects are found in Shell plc’s Form 20-F for the year ended December 31, 2022 (available at www. shell. com/investors/news-and-filings /sec -filings. html and www. sec. gov). These threat points also expressly qualify any forward-looking announcements contained in this announcement and deserve the reader’s consideration. Each forward-looking statement speaks only as of the date of this announcement, March 11, 2024. Neither Shell plc nor any of its subsidiaries undertakes any legal responsibility to publicly update or revise any forward-looking statement as a result of new dataArray future events. . or other data. Despite such threats, effects may also differ materially from those stated, implied or inferred from the forward-looking statements contained in this release.
Shell’s Net Carbon Intensity
In addition, in this announcement, we would potentially refer to Shell’s “net carbon intensity,” which includes Shell’s carbon emissions from the production of our energy products, the carbon emissions of our suppliers in providing energy for that production, and the carbon emissions of our customers. related to your uso. de the electrical products we sell. Shell only controls its own emissions. Shell’s use of the term “net carbon intensity” is for convenience only and is not intended to recommend that those emissions are those of Shell plc or its subsidiaries.
Shell’s net-zero goal
Shell’s operating plan, outlook and budgets are planned for a ten-year era and are updated annually. They reflect the existing economic environment and what we can expect over the next ten years. As a result, they reflect our Scope1, Scope 2, and Net Carbon Intensity (NCI) targets for the next ten years. However, Shell’s operational plans cannot reflect our 2050 net-zero target and our 2035 NCI target, as those targets are out of our hands. It was about plans. Going forward, as the company moves towards net zero, we will expect Shell’s operational plans to reflect this move. However, if the company fails to reach net-zero emissions until 2050, there is now a significant threat that Shell will do so. failure to achieve this goal.
Shell plans to publish its Energy Transition Strategy 2024 on 14 March 2024, which will include an update to Shell’s Energy Transition Strategy and set out Shell’s climate goals and ambitions for the future.
Forward-looking non-GAAP measures
This announcement would likely involve certain non-GAAP forward-looking measures, such as monetary capital expenditures and divestitures. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP monetary measures, as some of the data necessary to reconcile those non-GAAP measures to comparable maximum GAAP monetary measures depend on long-term events, some of which are beyond Shell’s control, such as oil and fuel prices. interest rates and exchange rates. Non-GAAP measures related to long-term periods that are reconciled to the maximum comparable GAAP monetary measure are calculated consistently with the accuracy required to provide a meaningful reconciliation. accounting policies used in the consolidated monetary statements of Shell plc.
The content of what is discussed in this announcement is not part of this announcement.
We may have used safe terms, such as resources, in this announcement that the U. S. Securities and Exchange Commission is not in a position to ensure that the U. S. Securities and Exchange Commission has decided to use the U. S. Securities and Exchange Commission. The U. S. Securities and Exchange Commission (SEC) strictly prohibits us from adding our SEC filings. Investors are encouraged to carefully review the information contained in our Form 20-F. , Docket No. 1-32575, found on the SEC website www. sec. gov.
Shell plc LEI number: 21380068P1DRHMJ8KU70
Classification: Additional regulated data to be disclosed under the law of a Member State
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SOURCE: Shell plc
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