Payments of dividends in sterling

RNS Number : 3517T

BP PLC

05 December 2011

 



5 December 2011

BP p.l.c.

Third quarter interim dividend for 2011

Payments of dividends in sterling

On 25 October 2011, the Directors of BP p.l.c. announced that the interim dividend for the third quarter 2011 would be US$0.07 per ordinary share (US$0.42 per ADS). This interim dividend is to be paid on 19 December 2011 to shareholders on the share register on 4 November 2011. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative will be made available for this dividend allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs.

Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 29 November to 2 December 2011 (£1 = US$1.56622). Accordingly, the amount of sterling dividend payable in cash on 19 December 2011 will be:

4.4694 pence per share.

Details of the third quarter dividend and timetable are available at www.bp.com/dividends and details of the Scrip Dividend Programme are available at www.bp.com/scrip.

David Pearl

Deputy Company Secretary

 

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