THE HAGUE, Netherlands,
November 13, 2017 /PRNewswire/ --
Further to the announcement on November 13, 2017, Royal
Dutch Shell plc ("Shell") (NYSE: RDS.A)(NYSE: RDS.B)
confirms that, following strong demand from institutional
investors, Shell Energy Holdings Australia Limited ("SEHAL") has
upsized its previously announced agreement to sell shares in
Woodside Petroleum Limited ("Woodside"). A total of 111.8 million
shares were agreed to be sold, representing 13.28% of the issued
share capital of Woodside and the entirety of SEHAL's total
shareholding in Woodside, for total pre-tax proceeds of
$2.7 billion (A$3.5 billion).
Completion is expected to take place on November 14, 2017, with settlement expected on
November 16, 2017.
Cautionary note
The companies in which Royal Dutch
Shell plc directly and indirectly owns investments are
separate legal entities. In this announcement "Shell", "Shell
group" and "Royal Dutch Shell" are
sometimes used for convenience where references are made to
Royal Dutch Shell plc and its
subsidiaries in general. Likewise, the words "we", "us" and "our"
are also used to refer to subsidiaries in general or to those who
work for them. These expressions are also used where no useful
purpose is served by identifying the particular company or
companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell
companies" as used in this announcement refer to companies over
which Royal Dutch Shell plc
either directly or indirectly has control. Entities and
unincorporated arrangements over which Shell has joint control are
generally referred to as "joint ventures" and "joint operations"
respectively. Entities over which Shell has significant
influence but neither control nor joint control are referred to as
"associates". The term "Shell interest" is used for convenience to
indicate the direct and/or indirect ownership interest held by
Shell in a venture, partnership or company, after exclusion of all
third-party interest.
This announcement contains forward-looking statements concerning
the financial condition, results of operations and businesses of
Royal Dutch Shell. All statements
other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are
statements of future expectations that are based on management's
current expectations and assumptions and involve known and unknown
risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of
Royal Dutch Shell to market risks
and statements expressing management's expectations, beliefs,
estimates, forecasts, projections and assumptions. These
forward-looking statements are identified by their use of terms and
phrases such as ''anticipate'', ''believe'', ''could'',
''estimate'', ''expect'', ''goals'', ''intend'', ''may'',
''objectives'', ''outlook'', ''plan'', ''probably'', ''project'',
''risks'', "schedule", ''seek'', ''should'', ''target'', ''will''
and similar terms and phrases. There are a number of factors that
could affect the future operations of Royal
Dutch Shell and could cause those results to differ
materially from those expressed in the forward-looking statements
included in this announcement, including (without limitation): (a)
price fluctuations in crude oil and natural gas; (b) changes in
demand for Shell's products; (c) currency fluctuations; (d)
drilling and production results; (e) reserves estimates; (f) loss
of market share and industry competition; (g) environmental and
physical risks; (h) risks associated with the identification of
suitable potential acquisition properties and targets, and
successful negotiation and completion of such transactions; (i) the
risk of doing business in developing countries and countries
subject to international sanctions; (j) legislative, fiscal and
regulatory developments including regulatory measures addressing
climate change; (k) economic and financial market conditions in
various countries and regions; (l) political risks, including the
risks of expropriation and renegotiation of the terms of contracts
with governmental entities, delays or advancements in the approval
of projects and delays in the reimbursement for shared costs; and
(m) changes in trading conditions. No assurance is provided that
future dividend payments will match or exceed previous dividend
payments. All forward-looking statements contained in this
announcement are expressly qualified in their entirety by the
cautionary statements contained or referred to in this
announcement. Readers should not place undue reliance on
forward-looking statements. Additional risk factors that may affect
future results are contained in Royal Dutch Shell's 20-F for the
year ended December 31, 2016 (available at
http://www.shell.com/investor and http://www.sec.gov). These risk
factors also expressly qualify all forward looking statements
contained in this announcement and should be considered by the
reader. Each forward-looking statement speaks only as of the
date of this announcement, November 13, 2017. Neither Royal Dutch
Shell plc nor any of its subsidiaries undertake any obligation to
publicly update or revise any forward-looking statement as a result
of new information, future events or other information. In light of
these risks, results could differ materially from those stated,
implied or inferred from the forward-looking statements contained
in this announcement.
We may have used certain terms, such as resources, in this
announcement that the United States Securities and Exchange
Commission (SEC) strictly prohibits us from including in our
filings with the SEC. U.S. Investors are urged to
consider closely the disclosure in our Form 20-F, File No 1-32575,
available on the SEC website http://www.sec.gov
LEI number of Royal Dutch Shell
plc: 21380068P1DRHMJ8KU70
Classification: None
Enquiries
Investor Relations
International: +31-70-377-4540
North America: +1-832-337-2034
Media
Shell Australia Media Relations: +61-417-007-344
Shell International Media Relations: +44-207-934-5550
Shell US Media Relations: +1-832-337-4355
SOURCE Royal Dutch Shell plc