BP PLC Share Repurchases
07 Fevereiro 2023 - 07:06AM
UK Regulatory (RNS & others)
RNS Number : 1731P
07 February 2023
7 February 2023
BP p.l.c. (the "Company") announces that it is to commence two
share buyback programmes to repurchase ordinary shares in the
capital of the Company.
The purpose of the first share buyback programme is to reduce
the issued share capital of the Company towards distributing 60% of
surplus cash flow  generated in 2022 as announced by the Company
on 7 February 2023.
T he maximum amount allocated to the first share buyback
programme is around $2.75 billion for a period up to and including
28 April 2023.
The purpose of the second share buyback programme is to reduce
the issued share capital of the Company to offset expected full
year dilution from the vesting of awards under employee share
schemes in 2023 as announced by the Company on 27 April 2021.
T he maximum amount allocated to the second share buyback
programme is around $0.675 billion for a period up to and including
30 September 2023.
Both share buyback programmes will be carried out on the London
Stock Exchange and/or Cboe (UK) and will be effected within certain
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 2022 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
12 of the Listing Rules.
bp Investor Relations +44(0) 207 496 4000
 Surplus cash flow is a non-GAAP measure and refers to the
net surplus of sources of cash over uses of cash. See pages 32 and
40 of the Company's earlier fourth quarter and full year 2022
financial results announcement on 7 February 2023 for further
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(END) Dow Jones Newswires
February 07, 2023 05:06 ET (10:06 GMT)
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