BP..L

BP Plc
BP PLC - Share Repurchases
29th October 2024, 08:04
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RNS Number : 0181K
BP PLC
29 October 2024
 

BP p.l.c.

 

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Share Repurchases

 

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29 October 2024

 

BP p.l.c. (the "Company") announces that it is to commence a share buyback programme to repurchase ordinary shares in the capital of the Company (the "Programme"). 

 

The purpose of the Programme is to reduce the issued share capital of the Company.

 

The maximum amount allocated to the Programme is around $1.75 billion for a period up to and including 7 February 2025.   

 

The Programme will be carried out on the London Stock Exchange and/or Cboe (UK) and will be effected within certain pre-set parameters.

 

Any purchases of ordinary shares by the Company in relation to this announcement will be conducted in accordance with the Company's general authority to repurchase shares granted by its shareholders at the Company's 2024 Annual General Meeting and any further approvals to repurchase shares as may be granted by its shareholders from time to time, the Market Abuse Regulation 596/2014 as it forms part of domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018 (as amended) and Chapter 9 of the UK Listing Rules.

 

Further enquiries:

 

bp Investor Relations         +44(0) 207 496 4000

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