First Quarter Dividend 2011 - Allotments for Scrip

RNS Number : 2164J

BP PLC

28 June 2011

 



28 June 2011

BP PLC

FIRST QUARTER INTERIM DIVIDEND FOR 2011

ALLOTMENTS FOR SCRIP DIVIDEND PROGRAMME

Ordinary Shares

BP plc confirms the allotment and issue of 72,810,078 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 first quarter interim dividend for 2011, payable on 28 June 2011.  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 20,786,873,512 of which 1,845,638,661 are held as treasury shares leaving a balance of 18,941,234,851 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 28 June 2011.

American Depositary Shares ("ADSs")

In accordance with the terms of the scrip dividend programme for ADS holders and the Deposit Agreement between BP plc and the Depositary, JPMorgan Chase Bank, 942,264 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 28 June 2011.

David Pearl

Deputy Company Secretary

 

END

 

 

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