BP PLC 1Q2019 interim dividend allotments for scrip (9380C)
June 20 2019 - 10:30AM
UK Regulatory
TIDMBP.
RNS Number : 9380C
BP PLC
20 June 2019
20 June 2019
BP p.l.c.
First quarter interim dividend for 2019
Allotments for Scrip Dividend Programme
Ordinary shares
BP p.l.c. announces that on 21 June 2019 it will allot and issue
46,389,665 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 2019, payable on 21 June
2019. 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 21,646,379,650 of which 1,258,155,893 are
held as treasury shares leaving a balance of 20,388,223,757
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 21 June 2019.
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, 2,182,828.46 ADSs (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 21 June
2019.
Details of the first quarter 2019 dividend are available at
www.bp.com/dividends and details of the Scrip Dividend Programme
are available at www.bp.com/scrip.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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