Shell plc announced the euro and pounds sterling equivalent dividend payments for its second quarter 2026 interim dividend. The payout follows the July 30, 2026 announcement of a US$0.3906 per ordinary share dividend.

Shareholders who validly submitted currency elections by August 28, 2026, are entitled to receive their dividends in US dollars, euros, or pounds sterling. Those without a valid election will receive dividends in euros if held through Euroclear Nederland, or in pounds sterling for other holdings.

Dividend Payment Details

The dividend is payable on September 21, 2026, to members whose names appeared on the Register of Members as of August 14, 2026. The euro and pounds sterling amounts were converted from US dollars using an average of market exchange rates over three dealing days from September 2 to September 4, 2026.

Taxation and Elections

Shell advised shareholders uncertain about the tax treatment of cash dividends to consult their tax advisors. A different currency election date may apply to shareholders holding shares in securities accounts with banks or financial institutions ultimately holding through Euroclear Nederland.

Shareholders in such arrangements, or those not holding directly on the Register of Members or via the corporate sponsored nominee arrangement, should contact their broker, financial intermediary, bank, or financial institution for applicable election deadlines.

Shell plc has completed the acquisition of ARC Resources Ltd (TSX: ARX) following receipt of all required shareholder, court and regulatory approvals. The transaction closes with an enterprise value of approximately US$16.5 billion.

The effective date of the transaction is September 2, 2026. Shell’s Chief Executive Officer Wael Sawan stated that the acquisition increases the company’s exposure to long-duration, low-cost liquids production in Canada’s Montney basin.

Deal Value and Funding

Based on Shell’s closing share price of GBP £34.43 on September 2, 2026, the equity value stands at approximately US$13.9 billion. This is funded via US$3.3 billion in cash and US$10.6 billion in new Shell shares.

Shell will assume approximately US$2.5 billion in net debt and leases from ARC Resources. The consideration for each ARC common share consists of CAD $8.20 in cash and 0.40247 ordinary shares of Shell plc.

Strategic Impact

The acquisition adds approximately 370 kboe/d immediately across liquids and gas. This supports a production compound annual growth rate (CAGR) of around 4% through to 2030 compared with 2025 levels.

The transaction is expected to be accretive to free cash flow per share from 2027 onwards. It complements Shell’s existing LNG footprint and extensive downstream businesses, including refining, chemicals, fuel retail, aviation, lubricants and low-carbon solutions.

Regulatory Context

In connection with the Arrangement Agreement, Shell obtained an exemption order from the Alberta Securities Commission and the Ontario Securities Commission. This provides relief from formal issuer bid requirements under National Instrument 62-104 Take-Over Bids and Issuer Bids for purchases of outstanding Shell Shares through marketplaces outside of Canada.

The exemption applies provided Shell Shares are not listed on any Canadian stock exchange and Canadian residents do not beneficially own more than 10% of issued and outstanding Shell Shares. Share buybacks must comply with securities laws in the United Kingdom, Netherlands and European Union.