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.
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Language: English
Company: BP p.l.c.
1 St James's Square
SW1Y 4PD London
United Kingdom

 
End of News EQS News Service

1898153  08.05.2024 CET/CEST

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