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Hamilton Spectator
31-07-2025
- Business
- Hamilton Spectator
Shell plc Second Quarter 2025 Interim Dividend
London, July 31, 2025 − The Board of Shell plc (the 'Company') (XLON: SHEL, XNYS: SHEL, XAMS: SHELL) today announced an interim dividend in respect of the second quarter of 2025 of US$ 0.358 per ordinary share. Details relating to the second quarter 2025 interim dividend Shareholders will be able to elect to receive their dividends in US dollars, euros or pounds sterling. An alternative 'Electronic Election Entitlement' ('EEE') process is available in CREST for dividends with options elections. Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling. The pound sterling and euro equivalent dividend payments will be announced on September 8, 2025. Cash dividends on American Depositary Shares ('ADSs') will be paid, by default, in US dollars. Each ADS represents two ordinary shares. ADSs are evidenced by an American Depositary Receipt ('ADR') certificate. In many cases the terms ADR and ADS are used interchangeably. Dividend timetable for the second quarter 2025 interim dividend Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. Taxation - cash dividends If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor. Dividend Reinvestment Programmes ('DRIP') The following organisations offer Dividend Reinvestment Plans ('DRIPs') which enable the Company's shareholders to elect to have their dividend payments used to purchase the Company's shares: These DRIP offerors provide their DRIPs fully on their account and not on behalf of the Company. Interested parties should contact the relevant DRIP offeror directly. More information can be found at To be eligible to participate in the DRIPs for the next dividend, shareholders must make a valid dividend reinvestment election before the published date for the close of elections. Enquiries Media: International +44 (0) 207 934 5550; U.S. and Canada: Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement 'Shell', 'Shell Group' and 'Group' are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words 'we', 'us' and 'our' are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', 'Shell subsidiaries' and 'Shell companies' as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms 'joint venture', 'joint operations', 'joint arrangements', and 'associates' may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term 'Shell interest' is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking statements This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of 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 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 'aim'; 'ambition'; ''anticipate''; 'aspire'; 'aspiration'; ''believe''; 'commit'; 'commitment'; ''could''; 'desire'; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; 'milestones'; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; 'schedule'; ''seek''; ''should''; ''target''; 'vision'; ''will''; 'would' and similar terms and phrases. There are a number of factors that could affect the future operations of 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, including climate change; (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, judicial, fiscal and regulatory developments including tariffs and 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; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy, or IT incident; (n) the pace of the energy transition; and (o) 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 section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F and amendment thereto for the year ended December 31, 2024 (available at and ). 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, July 31, 2025. Neither 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. Shell's net carbon intensity Also, in this announcement we may refer to Shell's 'net carbon intensity' (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's 'net carbon intensity' or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-zero emissions target Shell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking non-GAAP measures This announcement may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this announcement do not form part of 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. Investors are urged to consider closely the disclosure in our Form 20-F and any amendment thereto, File No 1-32575, available on the SEC website . LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Additional regulated information required to be disclosed under the laws of the United Kingdom
Hamilton Spectator
23-05-2025
- Business
- Hamilton Spectator
Timbercreek Financial Declares May 2025 Dividend
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the 'Company') is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share ('Common Share') of the Company to be paid on June 13, 2025 to holders of Common Shares of record on May 30, 2025. The Company also offers a Dividend Reinvestment Plan (the 'Plan'), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price (the 'Average Market Price') for the five trading day period ending on the third business day immediately prior to the dividend payment date (the 'Trading Period'). Common Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder. The full text of the Plan can be obtained on the Company's website at About Timbercreek Financial Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while targeting strong risk-adjusted returns for investors. CONTACT: Timbercreek Financial Blair Tamblyn Chief Executive Officer btamblyn@ .
Yahoo
23-05-2025
- Business
- Yahoo
Timbercreek Financial Declares May 2025 Dividend
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the 'Company') is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share ('Common Share') of the Company to be paid on June 13, 2025 to holders of Common Shares of record on May 30, 2025. The Company also offers a Dividend Reinvestment Plan (the 'Plan'), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price (the 'Average Market Price') for the five trading day period ending on the third business day immediately prior to the dividend payment date (the 'Trading Period'). Common Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder. The full text of the Plan can be obtained on the Company's website at About Timbercreek Financial Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while targeting strong risk-adjusted returns for investors. CONTACT:Timbercreek FinancialBlair TamblynChief Executive Officerbtamblyn@
Yahoo
12-03-2025
- Business
- Yahoo
Developers struggle to get financing for First National Bank building downtown
YOUNGSTOWN, Ohio (WKBN) — The developers looking to renovate downtown Youngstown's tallest building are having trouble getting financing. Tuesday they showed up looking to the city for some help. Three men from New York City sat amongst Youngstown City Council's Community Planning and Economic Development Committee meeting, touting their plan to redevelop the First National Bank building downtown. 'This is a beautiful, beautiful building and it's an important part of Youngstown's history,' said Patrick Ciccone with FNB plan to spend $10 million renovating the 96-year-old building into apartments, condos and office space. They've secured historic tax credits of $2 million which must be used within 18 months but they're having trouble getting a loan. 'There is skepticism in the lending community at large about housing in downtown Youngstown, period, which I think is one of the hurdles we're trying to overcome,' Ciccone developers wanted the council's approval to make the building a Community Reinvestment Area, which would give them 12 to 15 years of no property tax on the increased value of the improvements they plan to make. 'It is very difficult to make it work without some form of support from the city,' said Ciccone. Councilman Julius Oliver was surprised they were having issues with financing. Oliver says downtown has improved. 'A major corporation moving its headquarters in Steelite into downtown Youngstown, securing an innovation center is a $26 million investment already,' Oliver said. Approving a Community Reinvestment Area will not cost Youngstown any money out of pocket which may be one reason no council member spoke against the idea. Councilman Mike Ray asked that the city administration draw up the legislation so the full council could approve it as quickly as possible. It was noted that the First National Bank building is currently only 40 percent occupied and the bank does plan to continue occupying the first floor. The developers could not say when the project would begin or when it would be finished. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21-02-2025
- Business
- Yahoo
Allen commissioners consider expanding proposed CRA
Feb. 21—LIMA — As Allen County commissioners continue to consider the potential creation of a Community Reinvestment Area in parts of American and Sugar Creek Townships, the conversation has shifted to expanding the proposed tax exemption area beyond its original footprint. On Feb. 14, commissioners met with representatives from the Allen County Auditor's Office, Allen Economic Development Group and the Allen County Prosecutor's Office to discuss the creation of a CRA encompassing nearly 400 acres in the vicinity of North Cole Street and North West Street north of Irvin Road. This area would be designated for tax exemptions for building renovation and construction that can help spur economic development. The CRA is in the vicinity of a proposed data center, one that has been discussed and debated at multiple American Township trustees meetings. On Thursday, commissioners met again with Allen Economic Development Group President and CEO Cynthia Leis and John Willamowski Jr. from the prosecutor's office to continue the discussion, during which it was decided to expand the size of the CRA to cover 887 total acres bordered by North West Street to the east and north as state Route 115, Bluelick Road to the south and North Cole Street to the west. According to Commissioner Brian Winegardner, the expansion comes down to being proactive in putting the area in the best position for any future development. "It's a tool that we can use for the future," he said. "Declaring a CRA doesn't really lock you into anything specific. But it's a tool we can use for later expansion and development if need be in the future." The goal, Winegardner said, was originally to have a resolution on the CRA to put to a vote by Feb. 27, but the law pertaining to CRAs required that any structures within the area be surveyed prior to a CRA being established. "That's a pretty tight timeline if they're shooting for next Thursday to have that done and on our agenda," he said. "If that doesn't happen, it would go to the following Thursday, which is March 6." Winegardner emphasized that any CRA would not place any special obligations on property owners within the area, and it would not have an impact on property valuation. "It's not changing what they can or can't do with their property," he said. Featured Local Savings
