Shell Takeover Of Bg

Maxymax464 | 11:01 Tue 29th Mar 2016 | Business & Finance

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Did anybody else take the All Cash option and then expect a one off dividend from Shell as set out on page 22 of the BG Shareholder Guide of 22/12/15?

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Zacs-Master

It states:

Ifthisisafter19February2016,beingShell’sfourthquarter2015dividendrecorddate,youwillbeentitledtoaBGdividend of not more than 14.37 cents per share.
l Ifthisisbefore19February2016,whichisexpectedtobethecase,youwillbeentitledtoShell’sfourthquarter2015 interim dividend. Shell has declared an intention to pay a fourth quarter interim dividend of 47 cents per share.

Maxymax464

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Thanks Zacs-Master but your comments were written in the BG prospectus of Dec 2015. I took the all cash option partly because it seemed that I would still be entitled to the Shell dividend according to the words that were written. It was clearly badly written because I received conflicting advice but the bottom line seems to be that because I was never a Shell shareholder I was not entitled to the dividend. Even the registrars have admitted that the wording in the booklet could have been interpreted either way. Boo!

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