Last checked at 29 Apr 2020 14:50
BP p.l.c.
Correction: Record Date, First Quarter 2020 Dividend
BP p.l.c. announces the following correction to 'Note 9. Dividends' to the financial statements included in the BP p.l.c. Group results, First quarter 2020 released on 28 April 2020* (the "First quarter 2020 results announcement"):
The 'Dividends payable' section of 'Note 9. Dividends' in the First quarter 2020 results announcement contained incorrect record dates. The correct record date for the payment of the first quarter interim dividend to ordinary shareholders and American Depositary Share holders is 11 May 2020 (not 7 May 2020 and 8 May 2020, respectively, as stated in the First quarter 2020 results announcement).
All other details in 'Note 9. Dividends' as set out in the First quarter 2020 results announcement remain unchanged. The full amended text of the 'Dividends payable' section of 'Note 9. Dividends' is set out below.
Dividends payable
BP today announced an interim dividend of 10.50 cents per ordinary share which is expected to be paid on 19 June 2020 to ordinary shareholders and American Depositary Share (ADS) holders on the register on 11 May 2020. The corresponding amount in sterling is due to be announced on 8 June 2020, calculated based on the average of the market exchange rates for the four dealing days commencing on 2 June 2020. Holders of ADSs are expected to receive $0.630 per ADS (less applicable fees). The board has decided not to offer a scrip dividend alternative in respect of the first quarter 2020 dividend. Ordinary shareholders and ADS holders (subject to certain exceptions) will be able to participate in a dividend reinvestment programme. Details of the first quarter dividend and timetable are available at bp.com/dividends and further details of the dividend reinvestment programmes are available at bp.com/drip.
*Released at 07.00 on 28 April 2020 under RNS No 0440L and titled '1Q20 Part 1 of 1'