Blueprint
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
for the period ended 16 November 2017
BP p.l.c.
(Translation of registrant's name into English)
1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND
(Address of principal executive offices)
Indicate by check mark whether the
registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F
|X| Form
40-F
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Indicate by check mark whether the registrant by furnishing the
information
contained in this Form is also thereby furnishing
the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of
1934.
Yes
No |X|
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16
November 2017
BP p.l.c.
Third quarter interim dividend for 2017
Scrip Dividend Programme
On 31
October 2017 the Directors of BP p.l.c. announced that the interim
dividend for the third quarter 2017 would be US$0.10 per ordinary
share (US$0.60 per ADS). This interim dividend is to be paid on 21
December 2017 to shareholders on the share register on 10 November
2017. 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 will be 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.
The
'Reference Share Price' for the issue of new ordinary shares under
the scrip dividend alternative is:
US$6.642 for each new ordinary share.
For holders of ordinary shares this is equivalent to 1 new share
for
approximately every 66.420 shares held prior to the
ex-dividend
date of 9 November 2017.
The
Reference Share Price is the average of the US dollar
equivalent of the closing mid price quotation for a BP ordinary
share on the London Stock Exchange Daily Official List for the five
consecutive dealing days beginning on the ex-dividend date of 9
November 2017. The US dollar equivalent price each day is
calculated from the sterling closing mid price using the exchange
rate published by the Bank of England at 4pm each day.
The
'Reference ADS Price' for the issue of new ADSs under the scrip
dividend alternative is:
US$39.902 for each new ADS.
For holders of ADSs this is equivalent to 1 new ADS
for
approximately every 66.503 ADSs held prior to the
ex-dividend
date of 9 November 2017.
The
Reference ADS Price is calculated by multiplying the Reference
Share Price by six (as there are six ordinary shares underlying
each ADS) and adjusting for the fee payable to the Depositary under
the ADS Deposit Agreement (US$0.05 per ADS). Prior to the 2012
first quarter dividend payment stamp duty reserve tax ("SDRT") of
1.5% was deducted from this calculation, but following a tax
tribunal decision in 2012, HM Revenue & Customs will no longer
seek to impose 1.5% SDRT on issues of UK shares and securities to
non-EU clearance services and depositary receipt
systems.
Dividends
payable in cash in sterling on 21 December 2017 will be converted
from US dollars at the average of the market exchange
rates for the four dealing days from 5 to 8 December 2017. The
sterling cash dividend will be announced to
the London Stock Exchange on 11 December
2017.
The
latest date for receipt of elections to participate in the Scrip
Dividend Programme for this interim dividend is 4 December 2017.
Shareholders must return their mandate form or otherwise input
their CREST elections, to be received by BP's Registrar, Capita, by
5.00 pm (London time) on 4 December 2017, and ADS holders must
return their election form to the Depositary, JPMorgan Chase Bank
N.A., by 5.00 pm (New York time) on that date. Elections received
after this deadline will apply to subsequent dividends only. Unless
revoked by you, your scrip dividend election will apply for all
future dividends for which a scrip dividend is offered.
Evergreen elections for CREST shareholders will not be accepted and
elections will revert to cash by default after the payment of each
dividend.
Details
of the third quarter 2017 dividend and timetable are available at
www.bp.com/dividends
and details of the Scrip Dividend Programme are available at
www.bp.com/scrip.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized.
BP p.l.c.
(Registrant)
Dated: 16 November 2017
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BP
p.l.c.
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(Registrant)
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/s/
D.J. JACKSON
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D.J.
JACKSON
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Company Secretary
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