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 16
August, 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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16 August 2018
BP p.l.c.
Second quarter interim dividend for 2018
Scrip Dividend Programme
On 26 July 2018, the Directors of BP p.l.c. announced that the
interim dividend for the second quarter 2018 would be US$0.1025 per
ordinary share (US$0.615 per ADS) (see RNS Number:
9448V). This interim dividend is to be paid on 21 September
2018 to shareholders on the share register on 10 August 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$7.099 for each new ordinary share.
For holders of ordinary shares this is equivalent to 1 new share
for
approximately every 69.259 shares held prior to the
ex-dividend
date of 9 August 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 9
August 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$42.644 for each new ADS.
For holders of ADSs this is equivalent to 1 new ADS
for
approximately every 69.340 ADSs held prior to the
ex-dividend
date of 9 August 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 21 September 2018 will be
converted from US dollars at the average of the market
exchange rates for the four dealing days from 5 to 10
September 2018. The sterling cash dividend will be announced
to the London Stock Exchange on 11 September
2018.
The latest date for receipt of elections to participate in the
Scrip Dividend Programme for this interim dividend is 4 September
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 September 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 second 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: 16
August 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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