BP PLC 1Q2015 interim dividend allotments for scrip (5984Q)
June 19 2015 - 2:00AM
UK Regulatory
TIDMBP.
RNS Number : 5984Q
BP PLC
19 June 2015
19 June 2015
BP p.l.c.
First quarter interim dividend for 2015
Allotments for Scrip Dividend Programme
Ordinary shares
BP p.l.c. confirms the allotment and issue of 18,907,167
ordinary shares of US$0.25 each ('shares') to shareholders who
elected to receive ordinary shares (ISIN number GB0007980591) under
the Scrip Dividend Programme as an alternative for the first
quarter interim dividend for 2015, payable on 19 June 2015. This
allotment and issue includes the election made by the Depositary,
JPMorgan Chase Bank in order to issue ADSs to ADS holders who
elected to receive ADSs under the Scrip Dividend Programme, as
outlined below. The shares rank pari passu with the existing issued
ordinary shares of BP p.l.c.
Following the issue of the above shares, the number of ordinary
shares in issue will be 20,040,575,782 of which 1,761,882,384 are
held as treasury shares leaving a balance of 18,278,693,398
ordinary shares with voting rights.
Application has been made to the Financial Conduct 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 June 2015.
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, 1,398,937.89 ADRs (ISIN number
US0556221044) (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 the fee
payable to the Depositary under the Deposit Agreement ($0.05 per
ADS). Prior to the 2012 first quarter dividend payment stamp duty
reserve tax ("SDRT") of 1.5% was deducted from this calculation,
but following a tax tribunal decision in 2012, HM Revenue &
Customs will no longer seek to impose 1.5% SDRT on issues of UK
shares and securities to non-EU clearance services and depositary
receipt systems. 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 June
2015.
Details of the first quarter 2015 dividend are available at
www.bp.com/dividends and details of the Scrip Dividend Programme
are available at www.bp.com/scrip.
Jens Bertelsen
Deputy Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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