BP p.l.c.: Release of a capital market information
08 May 2024 - 7:00PM
EQS Non-Regulatory
|
BP p.l.c. / Director/PDMR Shareholding
BP p.l.c.: Release of a capital market information
08.05.2024 / 11:00 CET/CEST
Dissemination of a Post-admission Duties announcement transmitted
by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this
announcement.
BP p.l.c.
Notification of transactions of persons discharging
managerial responsibility or connected persons
EDIP deferred shares 2023 award
BP p.l.c. (the "Company") announces that on 7 May 2024
the following conditional share award (the "Award") was made
to the chief executive officer under the bp Executive Directors'
Incentive Plan (the "Plan"). The Award was made in
accordance with the rules of the Plan and the 2023 directors'
remuneration policy (the "Policy") and as provided for in
the 2023 directors' remuneration report (the "Report"),
which were approved by shareholders on 27 April 2023 and 25 April
2024 respectively.
Level of award
The Award represents thirty-three per cent of the 2023 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 25 April 2024 (£4.89).
Number of shares subject to award
| Name |
Award |
| Murray Auchincloss |
124,128 ordinary shares |
This award will vest in three years in accordance with the rules
of the Plan. The chief executive 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 |
124,128 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
124,128
|
| d) |
Aggregated information
- Volume
- Price
- Total |
124,128
Nil consideration. Market value £4.89
Nil consideration. Market value £606,985.92 |
| e) |
Date of the transaction |
7 May 2024 |
| 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
08.05.2024 CET/CEST The EQS Distribution Services include
Regulatory Announcements, Financial/Corporate News and Press
Releases.
Archive at www.eqs-news.com
|
| Language: |
English |
| Company: |
BP p.l.c. |
|
| 1 St James's Square |
|
| SW1Y 4PD London |
|
| United Kingdom |
| |
| End of News |
EQS News Service |
1898153 08.05.2024 CET/CEST
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