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 17
May, 2018
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
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17 May
2018
BP p.l.c.
First quarter interim dividend for 2018
Scrip Dividend Programme
On 1
May 2018 the Directors of BP p.l.c. announced that the interim
dividend for the first quarter 2018 would be US$0.10 per ordinary
share (US$0.60 per ADS). This interim dividend is to be paid on 22
June 2018 to shareholders on the share register on 11 May 2018. 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$7.714 for each new ordinary share.
For holders of ordinary shares this is equivalent to 1 new share
for
approximately every 77.140 shares held prior to the
ex-dividend
date of 10 May 2018.
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 10
May 2018. The US dollar equivalent price each day is calculated
from the sterling closing mid price using an exchange rate
published in the London Stock Exchange Daily Official
List.
The
'Reference ADS Price' for the issue of new ADSs under the scrip
dividend alternative is:
US$46.334 for each new ADS.
For holders of ADSs this is equivalent to 1 new ADS
for
approximately every 77.223 ADSs held prior to the
ex-dividend
date of 10 May 2018.
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 22 June 2018 will be converted
from US dollars at the average of the market exchange
rates for the four dealing days from 5 to 8 June 2018. The sterling
cash dividend will be announced to the London Stock
Exchange on 11 June 2018.
The
latest date for receipt of elections to participate in the Scrip
Dividend Programme for this interim dividend is 4 June 2018.
Shareholders must return their mandate form or otherwise input
their CREST elections, to be received by BP's Registrar, Link, by
5.00 pm (London time) on 4 June 2018, 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 2018 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.
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BP
p.l.c.
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(Registrant)
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Dated: 17
May 2018
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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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