AGM - special business
Items of Special Business
BP p.l.c. 2015 Annual General Meeting
The following items of special business were passed at the BP p.l.c. Annual General Meeting held on 16 April 2015:
Resolution 17 - Renewal of the Scrip Dividend Programme
To authorize the directors in accordance with article 142 of the company's existing Articles of Association or, if resolution 23 is passed, in accordance with article 134 of the company's new Articles of Association adopted pursuant to that resolution, to offer the holders of ordinary shares of the company, to the extent and in the manner determined by the directors, the right to elect (in whole or part), to receive new ordinary shares (credited as fully paid) instead of cash, in respect of any dividend as may be declared by the directors from time to time, provided that the authority conferred by this resolution shall expire on the date of the annual general meeting to be held in 2018.
Resolution 18 - Approval of the BP Share Award Plan 2015
To approve and adopt the BP Share Award Plan 2015 ('the plan'), the principal terms of which are summarized in Appendix 2 to the notice of meeting and a copy of the rules of which is produced to the meeting and signed by the chairman for the purposes of identification; and further to authorize the directors to:
a. do all acts and things that they may consider necessary or expedient to carry the plan into effect; and
b. establish such further plans for operation outside of the UK based on the rules of the plan with such modifications as may be necessary or desirable to take into account local tax, exchange control or securities law in overseas territories, provided that any shares made available under such plans are treated as counting towards the limits on individual and overall participation in the plan.
Resolution 23 - Special resolution: Articles of Association
To adopt as the new Articles of Association of the company, the Articles of Association set out in the document produced to the meeting and, for the purposes of identification, signed by the chairman, so that the new Articles of Association apply in substitution for and to the exclusion of the company's existing Articles of Association.
Resolution 25 - Special resolution: shareholder requisitioned resolution
A group of members have requisitioned the circulation of the following special resolution under the provisions of Section 338 of the Companies Act 2006. The supporting statement, supplied by the requisitionists together with the response of the BP board, is set out in Appendix 4 to the notice of meeting.
"Special resolution - strategic resilience for 2035 and beyond
That in order to address our interest in the longer term success of the Company, given the recognised risks and opportunities associated with climate change, we as shareholders of the Company direct that routine annual reporting from 2016 includes further information about: ongoing operational emissions management; asset portfolio resilience to the International Energy Agency's (IEA's) scenarios; low-carbon energy research and development (R&D) and investment strategies; relevant strategic key performance indicators (KPIs) and executive incentives; and public policy positions relating to climate change. This additional ongoing annual reporting could build on the disclosures already made to CDP (formerly the Carbon Disclosure Project) and/or those already made within the Company's Energy Outlook, Sustainability Review and Annual Report."
This notice is given in fulfilment of the obligation under LR 9.6.18
Retirement of a Director
The Board of BP p.l.c. announces that Mr George David retired as a Non-Executive Director of the Company with effect from the conclusion of the Annual General Meeting held on 16 April 2015.
This notice is given in fulfillment of the obligation under LR 9.6.11(2)
This information is provided by RNS
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