This change impacts the previously announced timetable only in relation to the third quarter 2014 interim dividend; the 2014 interim dividend timetable in relation to the first and second quarters is not affected. The dates impacted are the ex-dividend date for the RDS A and RDS B shares traded on the London Stock Exchange and the Euronext Amsterdam, and the Scrip reference share price announcement date. See Note 1 for more information.
For ease of reference, the full 2014 interim dividend timetable, including the revised changes in relation to the third quarter, is shown below.
2014 interim dividend timetable 1st Quarter 2014 2nd Quarter 2014 3rd Quarter 2014 Announcement date April 30, 2014 July 31, 2014 October 30, 2014 Ex-dividend date – RDS A ADSs and RDS B ADSs (see Note 1) May 14, 2014 August 13, 2014 November 12, 2014 Ex-dividend date – RDS A and RDS B shares (see Note 1) May 14, 2014 August 13, 2014 November 13, 2014 Record date May 16, 2014 August 15, 2014 November 14, 2014 Scrip reference share price announcement date May 21, 2014 August 20, 2014 n/a Closing of scrip election and/or currency election (see Note 2) June 2, 2014 September 1, 2014 November 28, 2014 Pounds sterling and euro equivalents announcement date June 10, 2014 September 8, 2014 December 5, 2014 Payment date June 26, 2014 September 25, 2014 December 22, 2014 Note 1
The London Stock Exchange and Euronext Amsterdam, with effect from October 6, 2014 will reduce the standard settlement cycle in accordance with the Regulation of the European Parliament and of the Council on improving securities settlement in the European Union and on central securities depositories (CSDs) and amending Directive 98/26/EC (the “CSD Regulation”).
This CSD Regulation aims to harmonise EU securities settlement cycles towards a T + 2 cycle. As a result RDS A shares and RDS B shares traded on these markets will now settle one day quicker than the RDS A ADSs and RDS B ADSs traded in the United States. Record dates will not change. The timings of these are detailed above.
Note 2
A different scrip election date may apply to registered and non registered ADS holders. Registered ADS holders can contact The Bank of New York Mellon for the election deadline that applies. Non registered ADS holders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.
Both a different scrip and currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. Please contact your broker, financial intermediary, bank or financial institution where you hold your securities account for the election deadline that applies.