4Q 2011 interim dividend allotments for scrip

RNS Number : 3935A

BP PLC

30 March 2012

 



30 March 2012

BP p.l.c.

Fourth quarter interim dividend for 2011

Allotments for Scrip Dividend Programme

Ordinary shares

BP p.l.c. confirms the allotment and issue of 39,567,556 ordinary shares of US$0.25 each ('shares') to shareholders who elected to receive ordinary shares under the Scrip Dividend Programme as an alternative for the fourth quarter interim dividend for 2011, payable on 30 March 2012. This allotment and issue includes the election made by the Depositary, JPMorgan Chase Bank in order to issue ADSs to ADS holders who elected to receive ADSs under the Scrip Dividend Programme, as outlined below. The shares rank pari passu with the existing issued ordinary shares of the Company.

Following the issue of the above shares, the number of ordinary shares in issue will be 20,854,936,655 of which 1,835,231,793 are held as treasury shares leaving a balance of 19,019,704,862 ordinary shares with voting rights.

Application has been made to the Financial Services Authority for the shares to be admitted to the Official List and to the London Stock Exchange for the shares to be admitted to trading. Dealings in the shares are expected to commence on 30 March 2012.

American Depositary Shares ('ADSs')

In accordance with the terms of the Scrip Dividend Programme for ADS holders and the Deposit Agreement between BP p.l.c. and the Depositary, JPMorgan Chase Bank, 704,113.17 ADSs (each representing 6 ordinary shares) are to be issued to ADS holders who elected to receive ADSs under the Scrip Dividend Programme. This number reflects an adjustment for UK stamp duty reserve tax (1.5%) and the fee payable to the Depositary under the Deposit Agreement ($0.05 per ADS). Application has been made to the New York Stock Exchange for the listing of the ADSs on the New York Stock Exchange. Dealings in the ADSs are expected to commence on 30 March 2012.

Details of the fourth quarter dividend are available at www.bp.com/dividends and details of the Scrip Dividend Programme are available at www.bp.com/scrip.

David Pearl

Deputy Company Secretary

 

END

 

 

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