BP Amoco PLC
31 March 2000
LETTER TO: COMPANY ANNOUNCEMENT OFFICE
We write to notify you that we were advised on 31 March of the following:-
a) Arising out of the operation of our Long term Performance Plan each of the
Directors of BP Amoco acquired a potential interest in the number of BP Amoco
Ordinary shares shown opposite his name on 23 February 2000 as a consequence of
the Company's Remuneration Committee making an award of such shares to him:-
Sir John Browne 527,600 shares
Dr J.G.S. Buchanan 323,400 shares
Mr R.F. Chase 329,800 shares
Dr C.S. Gibson-Smith 285,800 shares
Mr R.L. Olver 285,800 shares
Mr B.K. Sanderson 329,800 shares
The Trustee of the BP Employee Share Ownership Trust purchased 2,082,200 BP
Amoco Ordinary shares @ £4.585 per share on 23 February 2000 to satisfy these
awares. Each Director acquired a beneficial interest in the shares shown above
when the award took effect on 23 February 2000.
Following the award taking effect the BP Employees Share Ownership Trust sold on
behalf of the relevant Director the number of shares shown opposite his name
below on 23 February 2000 @ £4.585 per share to meet the Director's tax
liability on the award of the shares:-
Sir John Browne 211,040 shares
Dr J.G.S. Buchanan 129,360 shares
Mr R.F. Chase 131,920 shares
Dr C.S. Gibson-Smith 114,320 shares
Mr R.L. Olver 114,320 shares
Mr B.K. Sanderson 131,920 shares
b) The following Directors of BP Amoco p.l.c. were granted non-qualified
Executive Stock Options over the numbers of shares shown opposite their names on
28 March 2000 @ £48.9375 per ADS:-
Mr H.L. Fuller 272,270 ADS
(equivalent to approximately 1,633,620 Ordinary shares)
Mr W.D. Ford 38,750 ADS
(equivalent to approximately 232,500 Ordinary shares)
LETTER FROM: BP AMOCO P.L.C.
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