Share Repurchase Programme

RNS Number : 0850H

BP PLC

14 June 2013

 



BP p.l.c. Share Repurchase Programme

In continuation of the share repurchase programme that BP p.l.c. (the "Company") announced on 22 March 2013, the Company has today entered into a third repurchase mandate agreement with an independent third party to follow the expiry of the repurchase mandate agreement previously entered into and announced in respect of the period of 1 May 2013 to 14 June 2013. 

Under the repurchase mandate agreement entered into today, the independent third party will manage the share repurchase programme for the period from 17 June 2013 to 29 July 2013, which will run through the Company's second quarter 2013 results close period. The close period commences at the close of business on 30 June 2013 and ceases following the release of the Company's second quarter results announcement on 30 July 2013. The independent third party will make its trading decision in relation to the purchase of the Company's securities independently of, and uninfluenced by the Company. On purchase, the Company's shares will be cancelled.

As previously announced, the purpose of the share buy-back programme is to reduce the Company's issued share capital.

Any purchases will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares granted by its shareholders at the Company's 2013 Annual General Meeting and Chapter 12 of the Listing Rules.

Further enquiries:

Jessica Mitchell           [phone]

 

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