BP p.l.c.: Release of a capital market information
July 30 2024 - 1:30PM
EQS Non-Regulatory
BP p.l.c. / Share Repurchases
BP p.l.c.: Release of a capital market information
30.07.2024 / 19:30 CET/CEST
Dissemination of a Post-admission Duties announcement transmitted
by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this
announcement.
BP p.l.c.
----------------------
Share Repurchases
----------------------
30 July 2024
BP p.l.c. (the "Company") announces that it is to
commence two share buyback programmes to repurchase ordinary shares
in the capital of the Company.
The purpose of the first share buyback programme is to
reduce the issued share capital of the Company.
The maximum amount allocated to the first share buyback
programme is around $1.75 billion for a period up to and including
25 October 2024.
The purpose of the second share buyback programme is to
reduce the issued share capital of the Company to offset dilution
from the vesting of awards under employee share schemes.
The maximum amount allocated to the second share buyback
programme is around $0.3 billion for a period up to and including
30 September 2024.
Both share buyback programmes will be carried out on the London
Stock Exchange and/or Cboe (UK) and will be effected within certain
pre-set parameters.
Any purchases of ordinary shares by the Company in relation to
this announcement will be conducted in accordance with the
Company's general authority to repurchase shares granted by its
shareholders at the Company's 2024 Annual General Meeting and
any further approvals to repurchase shares as may be granted by its
shareholders from time to time, the Market Abuse Regulation
596/2014 as it forms part of domestic law by virtue of section 3 of
the European Union (Withdrawal) Act 2018 (as amended) and Chapter
12 of the Listing Rules.
Further enquiries:
bp Investor
Relations
+44(0) 207 496 4000
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
30.07.2024 CET/CEST The EQS Distribution Services include
Regulatory Announcements, Financial/Corporate News and Press
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Archive at www.eqs-news.com
|
Language: |
English |
Company: |
BP p.l.c. |
| 1 St James's Square |
| SW1Y 4PD London |
| United Kingdom |
|
End of News |
EQS News Service |
1957439 30.07.2024 CET/CEST
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