First Quarter Dividend 2011 Payment in Sterling

RNS Number : 3907I

BP PLC

14 June 2011

 



14 June 2011

BP PLC

FIRST QUARTER DIVIDEND FOR 2011

PAYMENT OF DIVIDENDS IN STERLING

On 27 April 2011, the Directors of BP plc announced that the interim dividend for the first quarter 2011 would be US$0.07 per ordinary share (US$0.42 per ADS). This interim dividend is to be paid on 28 June 2011 to holders of record on 13 May 2011.

The dividend is payable to holders of ordinary shares in cash in sterling or in new ordinary shares to those who have elected to participate in the scrip dividend programme.  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 8 June 2011 to 13 June 2011 (£1 = US$1.63516). Accordingly, the amount of sterling dividend payable in cash on 28 June 2011 will be:

4.2809 pence per share.

As previously announced, the dividend payable to holders of American Depositary Shares ('ADSs'), each of which represents six ordinary shares, will be US$0.42 per ADS. The dividend will be paid to holders of ADSs in cash in US dollars or in new ADSs to those who have elected to participate in the scrip dividend programme.

Details of the scrip dividend programme are available on the BP plc website at www.bp.com/scrip. 

David Pearl

Deputy Company Secretary

 

END

 

 

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