Items of special business and director retirement

RNS Number : 2572C

BP PLC

12 April 2013

 



Items of Special Business and Retirement of a Director

BP p.l.c. 2013 Annual General Meeting

The following items of special business were passed at the BP p.l.c. Annual General Meeting held on 11 April 2013:

Resolution 18 - Share buyback

To authorize the Company generally and unconditionally to make market purchases (as defined in Section 693(4) of the Companies Act 2006) of Ordinary Shares with nominal value of $0.25 each in the Company, provided that:

a.         the Company does not purchase under this authority more than 1.9 billion Ordinary Shares;

b.         the Company does not pay less than $0.25 for each share; and

c.         the Company does not pay more for each share than 5% over the average of the middle market price of the Ordinary Shares for the five business days immediately preceding the date on which the Company agrees to buy the shares concerned, based on share prices and currency exchange rates published in the Daily Official List of the London Stock Exchange.

In executing this authority, the Company may purchase shares using any currency, including pounds sterling, US dollars, and euros.

This authority shall continue for the period ending on the date of the Annual General Meeting in 2014 or 11 July 2014, whichever is the earlier, provided that, if the Company has agreed before this date to purchase Ordinary Shares where these purchases will or may be executed after the authority terminates (either wholly or in part), the Company may complete such purchases.

Resolution 19 - Directors' authority to allot shares (Section 551)

To renew, for the period ending on the date of the Annual General Meeting in 2014 or 11 July 2014, whichever is the earlier, the authority and power conferred on the Directors by the Company's Articles of Association to allot relevant securities up to an aggregate nominal amount equal to the Section 551 amount of $3,194 million.

Resolution 20 - Directors' authority to allot shares (Section 561)

To renew, for the period ending on the date of the Annual General Meeting in 2014 or 11 July 2014, whichever is the earlier, the authority and power conferred on the Directors by the Company's Articles of Association to allot equity securities wholly for cash:

a. in connection with a rights issue;

b. otherwise than in connection with a rights issue up to an aggregate nominal amount equal to the Section 561 amount of $240 million.

Resolution 21 - Notice of general meetings

To authorize the calling of general meetings of the Company (not being an Annual General Meeting) by notice of at least 14 clear days.

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 Dr Byron Grote retired as an Executive Director of the Company with effect from the conclusion of the Annual General Meeting held on 11 April 2013.

This notice is given in fulfillment of the obligation under LR 9.6.11(2)

 

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