Managers' Transactions BP p.l.c.: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
July 31 2024 - 10:50AM
EQS Non-Regulatory
|
BP p.l.c.: Notification and public disclosure of transactions by
persons discharging managerial responsibilities and persons closely
associated with them
31.07.2024 / 17:50 CET/CEST
The issuer is solely responsible for the content of this
announcement.
BP p.l.c.
Notification of transactions of persons discharging
managerial responsibility or connected persons
EDIP Performance Share Award 2021-23 - vesting
BP p.l.c. announces that, on 30 July 2024, the vesting of shares
previously awarded to the following Executive Directors of BP
p.l.c. under the BP Executive Directors' Incentive Plan
("EDIP") occurred.
The remuneration committee of the board of BP p.l.c. determined
that 75% of the shares awarded under the EDIP Performance Share
Award 2021-23 would vest. The rationale behind this determination
is detailed in the Directors' Remuneration Report contained in BP's
Annual Report and Form 20-F 2023. Under the EDIP plan rules, the
number of shares detailed below will be retained for a further
period of three years before their release to the beneficiary.
| |
Vested amount |
Shares representing tax liabilities |
Released amount |
| Murray Auchincloss |
965,813 |
454,841 |
510,972 |
| 1 |
Details of the person discharging
managerial responsibilities/person closely associated |
| a) |
Name |
Murray Auchincloss |
| 2 |
Reason for the
notification |
| a) |
Position/status |
Chief executive officer / Director |
| b) |
Initial notification/Amendment |
Initial notification |
| 3 |
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor |
| a) |
Name |
BP p.l.c. |
| b) |
LEI |
213800LH1BZH3DI6G760 |
| 4 |
Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted |
| a) |
Description of the financial instrument, type of
instrument
Identification code |
Ordinary shares of $0.25
GB0007980591 |
| b) |
Nature of the transaction |
Shares sold to cover tax liabilities and dealing
costs pursuant to the vesting of an award made under the BP
Executive Directors' Incentive Plan. |
| c) |
Price(s) and volume(s) |
Price(s)
£4.594114
Volume(s)
454,841
|
| d) |
Aggregated information
- Volume
- Price
- Total |
454,841
£4.594114
£2,089,591.41
|
| e) |
Date of the transaction |
30 July 2024 |
| f) |
Place of the transaction |
London Stock Exchange (XLON) |
| 1 |
Details of the person discharging
managerial responsibilities/person closely associated |
| a) |
Name |
Murray Auchincloss |
| 2 |
Reason for the
notification |
| a) |
Position/status |
Chief executive officer / Director |
| b) |
Initial notification/Amendment |
Initial notification |
| 3 |
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor |
| a) |
Name |
BP p.l.c. |
| b) |
LEI |
213800LH1BZH3DI6G760 |
| 4 |
Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted |
| a) |
Description of the financial instrument, type of
instrument
Identification code |
Ordinary shares of $0.25
GB0007980591 |
| b) |
Nature of the transaction |
Shares acquired pursuant to the vesting of an
award made under the BP Executive Directors' Incentive Plan,
following adjustments for tax and dividends. |
| c) |
Price(s) and volume(s) |
Price(s)
Nil consideration
Volume(s)
510,972
|
| d) |
Aggregated information
- Volume
- Price
- Total |
510,972
Nil consideration. Market value £4.5165 per share
Nil. Market value £2,307,805.04
|
| e) |
Date of the transaction |
30 July 2024 |
| f) |
Place of the transaction |
Outside a trading venue |
This notice is given in fulfilment of the obligation under
Article 19 of the Market Abuse Regulation.
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.
31.07.2024 CET/CEST The EQS Distribution Services include
Regulatory Announcements, Financial/Corporate News and Press
Releases.
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 |
93223 31.07.2024 CET/CEST
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