Mubasher: Royal Dutch Shell plc announced that it will give shareholders the option to receive dividends in US dollar as of the fourth quarter of 2019.

The settlement of dividends will be fully electronically either in CREST or via interbank transfers, the oil giant said in a statement on Wednesday.

Starting from Q4-19 interim dividend, shareholders of A and B shares will choose to receive their dividends in euro, pound sterling, or US dollar.

“Shareholders that hold their shares in dematerialised form, will receive their dividends primarily in CREST. These shareholders will need to ensure that Euroclear UK and Ireland has set their dividend mandate flag accordingly,” the statement showed.

To receive dividend in the three currencies, shareholders will have to “provide CREST Memorandum Accounts for each of these three currencies.”

For those who do not choose to receive dividends in CREST, they have to provide their bank account details to Shell’s Registrar, Equiniti Limited, which will “approach all shareholders holding their shares in dematerialised form in CREST with further detail.”

“From the first quarter 2020 interim dividend, shareholders that hold their shares in certificated form and all participants in Shell’s Corporate Sponsored Nominee (“CSN”) will receive their dividends fully electronically.”