BP PLC Director/PDMR Shareholding
May 01 2025 - 10:38AM
RNS Regulatory News
RNS Number : 1295H
BP PLC
01 May 2025
BP
p.l.c.
Notification of
transactions of persons discharging managerial responsibility or
connected persons
EDIP deferred
shares 2024 award
BP p.l.c. (the "Company") announces that on 30 April
2025 the following conditional share awards (the "Awards") were made to the chief
executive officer and chief financial officer under the bp
Executive Directors' Incentive Plan (the "Plan"). The Awards were made in
accordance with the rules of the Plan and the 2023 directors'
remuneration policy (the "Policy") and as provided for in the
2024 directors' remuneration report (the "Report"), which were approved by
shareholders on 27 April 2023 and 17 April 2025
respectively.
Level of
award
The Awards represent thirty-three per cent, and
fifty per cent respectively, of the 2025 annual bonus which is
required to be deferred into ordinary shares. In calculating the
number of bp shares over which this Award has been made, the
Remuneration Committee has applied the average price of bp shares
over the 90 calendar days up to and including the annual general
meeting that was held on 17 April 2025 (£4.21).
Number of
shares subject to award
|
Name
|
Award
|
|
Murray Auchincloss
|
59,840 ordinary shares
|
|
Kate Thomson
|
51,947 ordinary shares
|
These Awards will vest in three years in
accordance with the rules of the Plan. The chief executive officer
and chief financial officer will be entitled to the value of
reinvested dividends on those ordinary shares which
vest.
|
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
|
59,840 conditional share units (in the form of
ordinary shares) awarded under the bp Executive Directors'
Incentive Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil consideration
|
59,840
|
|
|
d)
|
Aggregated information
-
Volume
-
Price
-
Total
|
59,840
Nil consideration. Market value
£4.21
Nil consideration. Market value
£251,926.40
|
|
e)
|
Date of the transaction
|
30 April 2025
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Kate Thomson
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief financial 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
|
51,947 conditional share units (in the form of
ordinary shares) awarded under the bp Executive Directors'
Incentive Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil consideration
|
51,947
|
|
|
d)
|
Aggregated information
-
Volume
-
Price
-
Total
|
51,947
Nil consideration. Market value
£4.21
Nil consideration. Market value
£218,696.87
|
|
e)
|
Date of the transaction
|
30 April 2025
|
|
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.
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