BP PLC Share Repurchase Programme (8793S)
September 29 2014 - 8:14AM
UK Regulatory
TIDMBP.
RNS Number : 8793S
BP PLC
29 September 2014
BP p.l.c. Share Repurchases
BP p.l.c. (the "Company") announces it has today entered into a
repurchase mandate agreement with an independent third party
following the expiry of the repurchase mandate agreement previously
entered into and announced in respect of the period of 22 September
2014 to 26 September 2014.
Under the repurchase mandate agreement entered into today, the
independent third party will manage the share repurchases for the
period of 29 September 2014 to 28 October 2014, which will run
through the Company's third quarter 2014 results close period. The
close period commences at the close of business on 30 September
2014 and ceases following the release of the Company's third
quarter 2014 results announcement on 28 October 2014.
The independent third party will make its trading decision in
relation to the purchase of the Company's securities independently
of, and uninfluenced by the Company. On purchase, the Company's
shares will be cancelled.
The purpose of the share repurchases is to reduce the Company's
issued share capital.
Any purchases will be effected within certain pre-set parameters
and in accordance with the Company's general authority to
repurchase shares granted by its shareholders at the Company's 2014
Annual General Meeting and Chapter 12 of the Listing Rules.
Further enquiries:
Jessica Mitchell +44 (0)20 7496 4962
This information is provided by RNS
The company news service from the London Stock Exchange
END
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