Transaction in Own Shares

RNS Number : 9008X

BP PLC

30 June 2008

 



30th June 2008

BP plc

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BP share repurchase programme

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BP plc announces that it has in place a buy-back programme, managed by an independent third party which makes its trading decisions in relation to BP's securities independently of, and uninfluenced by BP. The programme starts on 1st July 2008 and ends on 29th July 2008. The shares purchased on behalf of BP plc are for cancellation.

The aim of the programme is to reduce the issued share capital of BP plc.

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both BP's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than 105 per cent of the average middle market closing price of BP shares for the 5 dealing days preceding the date of purchase. The company confirms that it currently has no inside information.

Further enquiries:

BP Press Office:    [phone]

 

END

 

 

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