BP PLC Share Repurchases (8038N)
July 31 2014 - 2:03AM
UK Regulatory
TIDMBP.
RNS Number : 8038N
BP PLC
31 July 2014
BP p.l.c. Share Repurchases
BP p.l.c. (the "Company") announces it has today entered into a
repurchase mandate agreement with an independent third party to
replace the repurchase mandate agreement entered into and announced
on 29 July 2014.
Under the repurchase mandate agreement entered into today, the
independent third party will manage the share repurchases for the
period of 31 July 2014 to 12 September 2014.
The independent third party will make its trading decision in
relation to the purchase of the Company's securities independently
of, and uninfluenced by the Company. On the purchase, the Company's
shares will be cancelled.
The purpose of the share buy-backs is to reduce the Company's
issued share capital.
Any purchases will be effected within certain pre-set parameters
and in accordance with the Company's general authority to
repurchase shares granted by its shareholders at the Company's 2014
Annual General Meeting and Chapter 12 of the Listing Rules.
Further enquiries:
Jessica Mitchell +44 (0)20 7496 4962
This information is provided by RNS
The company news service from the London Stock Exchange
END
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