3Q 2011 interim dividend allotments for SCRIP

RNS Number : 1480U

BP PLC

19 December 2011

 



19 December 2011

BP p.l.c.

Third quarter interim dividend for 2011

Allotments for Scrip Dividend Programme

Ordinary shares

BP p.l.c. confirms the allotment and issue of 11,406,183 ordinary shares of US$0.25 each ('shares') to shareholders who elected to receive ordinary shares under the Scrip Dividend Programme as an alternative for the third quarter interim dividend for 2011, payable on 19 December 2011. The shares rank pari passu with the existing issued ordinary shares of the Company.

Following the issue of the above shares, the number of ordinary shares in issue will be 20,813,363,497 of which 1,838,014,874 are held as treasury shares leaving a balance of 18,975,348,623 ordinary shares with voting rights.

Application has been made to the Financial Services Authority for the shares to be admitted to the Official List and to the London Stock Exchange for the shares to be admitted to trading. Dealings in the shares are expected to commence on 19 December 2011.

American Depositary Shares ('ADSs')

In accordance with the terms of the Scrip Dividend Programme for ADS holders and the Deposit Agreement between BP p.l.c. and the Depositary, JPMorgan Chase Bank, 642,273.65 ADSs (each representing 6 ordinary shares) are to be issued to ADS holders who elected to receive ADSs under the Scrip Dividend Programme. This number reflects an adjustment for UK stamp duty reserve tax (1.5%) and the fee payable to the Depositary under the Deposit Agreement ($0.05 per ADS). Application has been made to the New York Stock Exchange for the listing of the ADSs on the New York Stock Exchange. Dealings in the ADSs are expected to commence on 19 December 2011.

Details of the third quarter dividend 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

 

END

 

 

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