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 October 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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BP Midstream Partners LP Launches Initial Public
Offering
Houston,
Texas, 16 October 2017 - BP Midstream Partners LP ("BP Midstream
Partners" or the "Partnership"), a limited partnership formed by an
indirect, wholly-owned subsidiary of BP p.l.c., announced today
that it has commenced the initial public offering of 42,500,000
common units representing limited partner interests at an
anticipated price of between $19.00 and $21.00 per common unit. The
common units have been authorized for listing on the New York Stock
Exchange under the ticker symbol "BPMP," subject to official notice
of issuance. The underwriters of the offering will have a 30-day
option to purchase up to an additional 6,375,000 common units from BP
Midstream Partners.
The
common units being offered represent an approximate 40.6 percent
limited partner interest in BP Midstream Partners, or an
approximate 46.7 percent limited partner interest if the
underwriters exercise in full their option to purchase additional
common units. BP p.l.c., through its indirect subsidiaries, will
own the remaining limited partner interest in BP Midstream
Partners, as well as its general partner and incentive distribution
rights.
Citigroup
is acting as sole structuring agent and joint book-running manager
for the offering. Goldman Sachs, Morgan Stanley, Barclays,
Credit Suisse, J.P. Morgan and UBS Investment Bank are also acting
as joint book-running managers. The offering is being made only by
means of a prospectus. Once it becomes available, potential
investors can obtain a prospectus that meets the requirements of
Section 10 of the Securities Act of 1933 from:
Citigroup
c/o
Broadridge Financial Solutions
1155
Long Island Avenue
Edgewood,
New York 11717
Phone:
1-800- 831-9146
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Goldman Sachs & Co. LLC
Attention:
Prospectus Department
200
West Street
New
York, NY 10282
Telephone:
1-866-471-2526
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Morgan Stanley
c/o
Prospectus Department
180
Varick Street, Second Floor
New
York, New York 10014
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Barclays Capital Inc.c/o Broadridge Financial Solutions1155
Long Island AvenueEdgewood, New York
[email protected]: (888)
603-5847
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Credit SuisseAttention: Prospectus DepartmentOne
Madison Avenue, Level 1BNew York, New York 10010
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J.P. Morgan
c/o
Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New
York 11717Toll-Free: (866) 803-9204
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UBS Securities LLC
1285
Avenue of the Americas
New
York, NY 10019
Attn:
Prospectus Dept.
Phone:
(888) 827-7275
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When
available, to obtain a copy of the prospectus free of charge, visit
the SEC's website, www.sec.gov, and search under the registrant's
name, "BP Midstream Partners."
A
registration statement relating to the common units has been filed
with the Securities and Exchange Commission but has not yet become
effective. The common units may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or a solicitation of an offer to buy these securities, nor shall
there be any sales of the securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state or jurisdiction.
BP Midstream Partners is a fee-based, growth-oriented master
limited partnership recently formed by BP to own, operate, develop
and acquire pipelines and other midstream assets. BP Midstream
Partners' initial assets consist of interests in entities that own
crude oil, natural gas, refined products and diluent pipelines
serving as key infrastructure for BP and its affiliates and other
customers to transport onshore and offshore production to key
refining markets and trading and distribution hubs.
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Further
Information
FORWARD
LOOKING STATEMENTS
This
press release contains forward-looking statements within the
meaning of the federal securities laws. Statements that are
predictive in nature, that depend upon or refer to future events or
conditions or that include the words "believe," "expect,"
"anticipate," "intend," "estimate" and other expressions that are
predictions of or indicate future events and trends and that do not
relate to historical matters identify forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions that are
difficult to predict, and there can be no assurance that actual
outcomes and results will not differ materially from those expected
by our management. These forward-looking statements involve certain
risks and uncertainties, including, among others, that our business
plans may change as circumstances warrant, our common units may not
begin trading on the New York Stock Exchange as expected and the
offering may not close as expected. For more information
concerning factors that could cause actual results to differ
materially from those conveyed in the forward-looking statements,
please refer to the "Risk Factors" section of the prospectus
included in the registration statement on Form S-1, in the form
last filed with the SEC. We undertake no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, changed circumstances
or otherwise, unless required by law.
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 October 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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