1Q 2016 Payment of Dividends in Sterling

Source Company Press Release
Company BP Plc.
Tags Corporate: Corporate Results, Country: United Kingdom
Date June 07, 2016

On 26 April 2016, the Directors of BP p.l.c. announced that the interim dividend for the first quarter 2016 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend is to be paid on 17 June 2016 to shareholders on the share register on 6 May 2016. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative has been made available for this dividend allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs.

Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 1 June to 6 June 2016 (£1 = US$1.44578). Accordingly, the amount of sterling dividend payable in cash on 17 June 2016 will be:

6.9167 pence per share.

Details of the first quarter 2016 dividend and timetable are available at bp.com and details of the Scrip Dividend Programme are available at  bp.com.

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