Share Repurchase Programme

RNS Number : 8639V

BP PLC

18 December 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 seventh repurchase mandate agreement with an independent third party following the expiry of the repurchase mandate agreement previously entered into and announced in respect of the period of 29 October 2013 to 13 December 2013. 

Under the repurchase mandate agreement entered into today, the independent third party will manage the share repurchase programme for the period of 18 December 2013 to 4 February 2014, which will run through the Company's fourth quarter 2013 results close period. The close period commences at the close of business on 31 December 2013 and ceases following the release of the Company's fourth quarter results announcement on 4 February 2014.

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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