BP p.l.c. - Share Repurchase Programme

RNS Number : 7596D

BP PLC

01 May 2013

 



BP p.l.c.- Share Repurchase Programme

In continuation of the share repurchase programme that BP p.l.c. (the "Company") announced on 22 March 2013, the Company has today entered into a second repurchase mandate agreement with an independent third party following the expiry of the repurchase mandate agreement previously entered into and announced in respect of the period of 22 March 2013 to 29 April 2013.

Under the repurchase mandate agreement entered into today, the independent third party will manage the share repurchase programme for the period of 1 May 2013 to 14 June 2013 and will make its trading decision in relation to the purchase of the Company's securities independently of, and uninfluenced by the Company. On purchase, the Company's shares will be cancelled.

As previously announced, the purpose of the share buy-back programme is to reduce the Company's issued share capital.

Any purchases will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares granted by its shareholders at the Company's 2013 Annual General Meeting and Chapter 12 of the Listing Rules.

Further enquiries:

Jessica Mitchell           [phone]

 

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