BP 2006 Annual Report Download - page 86

84
Pursuant to the various BP group share option schemes, the following
options for ordinary shares of the company were outstanding at
20 February 2007:
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Options outstanding (shares) Expiry dates of options Exercise price per share
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422,119,465 2007-2016 $5.0967-$11.921
Major shareholders and
related party transactions
Register of members holding BP ordinary shares
as at 31 December 2006
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Range of holdings
Number of
shareholders
Percentage of total
shareholders
Percentage of total
share capital
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1-200 61,108 18.50 0.01
201-1,000 126,141 38.20 0.30
1,001-10,000 128,717 38.98 1.81
10,001-100,000 12,366 3.74 1.18
100,001-1,000,000 1,087 0.33 1.83
Over 1,000,000a822 0.25 94.87
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Totals 330,241 100.00 100.00
aIncludes JP Morgan Chase Bank, holding 26.46% of the total share capital as the
approved depositary for ADSs, a breakdown of which is shown in the table below.
Register of holders of American depositary shares as at
31 December 2006a
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Range of holdings
Number of
ADS holders
Percentage of total
ADS holders
Percentage of total
ADS holders
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1-200 37,265 24.99 0.05
201-1,000 36,140 24.24 0.34
1,001-10,000 58,388 39.16 3.63
10,001-100,000 16,708 11.20 7.60
100,001-1,000,000 600 0.40 1.91
Over 1,000,000b12 0.01 86.47
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Totals 149,113 100.00 100.00
aOne ADS represents six 25 cent ordinary shares.
bOne of the holders of ADSs represents some 751,000 underlying shareholders.
As at 31 December 2006, there were also 1,534 preference shareholders.
Substantial shareholdings
Following implementation of the EU Transparency Directive effected by
the new Disclosure and Transparency Rules (DTR) made by the Financial
Services Authority, there has been a change in the basis on which we
disclose certain major interests in the share capital of the company. Under
DTR 5, we have received notification that Legal & General Group Plc hold
3.77% of the voting rights of the issued share capital of the company.
Related party transactions
The group had no material transactions with jointly controlled entities and
associates during the period commencing 1 January 2006 to the date of
this report. Transactions between the group and its significant jointly
controlled entities and associates are summarized in Financial statements
–Note29onpage136andFinancialstatements–Note30onpage137.
In the ordinary course of its business, the group has transactions with
various organizations with which certain of its directors are associated
but, except as described in this report, no material transactions
responsive to this item have been entered into in the period commencing
1 January 2006 to 20 February 2007.
Dividends
BP has paid dividends on its ordinary shares in each year since 1917.
In 2000 and thereafter, dividends were, and are expected to continue to
be, paid quarterly in March, June, September and December. Until their
shares have been exchanged for BP ADSs, Amoco and Atlantic Richfield
shareholders do not have the right to receive dividends.
BP currently announces dividends for ordinary shares in US dollars and
states an equivalent pounds sterling dividend. Dividends on BP ordinary
shares will be paid in pounds sterling and on BP ADSs in US dollars. The
rate of exchange used to determine the sterling amount equivalent is the
average of the forward exchange rate in London over the five business
days prior to the announcement date. The directors may choose to
declare dividends in any currency provided that a sterling equivalent is
announced, but it is not the company’s intention to change its current
policy of announcing dividends on ordinary shares in US dollars.
The following table shows dividends announced and paid by the
company per ADS for each of the past five years before the ‘refund’
and deduction of withholding taxes as described in Taxation on page 88.
Refund means an amount equal to the tax credit available to individual
shareholders resident in the UK in respect of such dividend, less a
withholding tax equal to 15% (but limited to the amount of the tax credit)
of the aggregate of such tax credit and such dividend.
For dividends paid after 30 April 2004, there is no refund available
to shareholders resident in the US. See Taxation on page 88 for
more information.
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March June September December Total
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Dividends per American depositary share
2002 UK pence 24.3 24.3 23.3 23.4 95.3
US cents 34.5 34.5 36.0 36.0 141.0
Can. cents 54.9 54.1 56.7 56.1 221.8
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2003 UK pence 22.9 23.7 24.2 23.1 93.9
US cents 37.5 37.5 39.0 39.0 153.0
Can. cents 57.4 54.3 54.0 51.1 216.8
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2004 UK pence 22.0 22.8 23.2 23.5 91.5
US cents 40.5 40.5 42.6 42.6 166.2
Can. cents 53.7 54.8 56.7 52.2 217.4
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2005 UK pence 27.1 26.7 30.7 30.4 114.9
US cents 51.0 51.0 53.55 53.55 209.1
Can. cents 64.0 63.2 65.3 63.7 256.2
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2006 UK pence 31.7 31.5 31.9 31.4 126.5
US cents 56.25 56.25 58.95 58.95 230.4
Can. cents 64.5 64.1 67.4 66.5 262.5
A dividend reinvestment plan is in place whereby holders of BP ordinary shares can elect to reinvest the net cash dividend in shares purchased on
the London Stock Exchange. This plan is not available to any person resident in the US or Canada or in any jurisdiction outside the UK where such an
offer requires compliance by the company with any governmental or regulatory procedures or any similar formalities. A dividend reinvestment plan is,
however, available for holders of ADSs through JPMorgan Chase Bank.
Future dividends will be dependent on future earnings, the financial condition of the group, the Risk factors set out on pages 12-13 and other matters
that may affect the business of the group set out in Financial and operating performance on page 47.