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 May, 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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18 May
2017
BP p.l.c.
First quarter interim dividend for 2017
Scrip Dividend Programme
On 2
May 2017 the Directors of BP p.l.c. announced that the interim
dividend for the first quarter 2017 would be US$0.10 per ordinary
share (US$0.60 per ADS). This interim dividend is to be paid on 23
June 2017 to shareholders on the share register on 12 May 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$5.9920 for each new ordinary share.
For
holders of ordinary shares this is equivalent to 1 new share
for
approximately every 59.9200 shares held prior to the
ex-dividend
date of 11 May
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 11
May 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$36.0020 for each new ADS.
For holders of ADSs this is equivalent to 1 new ADS for
approximately every 60.0030 ADSs held prior to the ex-dividend date
of 10 May 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 23 June 2017 will be converted
from US dollars at the average of the market exchange
rates for the four dealing days from 6 to 9 June 2017. The sterling
cash dividend will be announced to the London Stock
Exchange on 12 June 2017.
The
latest date for receipt of elections to participate in the Scrip
Dividend Programme for this interim dividend is 5 June 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 5 June 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 first 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.
Jens
Bertelsen
Deputy
Secretary
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: 18 May 2017
/s/ J. BERTELSEN
J. BERTELSEN
Deputy Company Secretary