EQS-CMS: BP p.l.c.: Release of a capital market information
EQS Post-admission Duties announcement: 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
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Language: | English |
Company: | BP p.l.c. |
| 1 St James's Square |
| SW1Y 4PD London |
| United Kingdom |
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End of News | EQS News Service |
1898153 08.05.2024 CET/CEST