BP 2009 Annual Report Download - page 100

98
BP Annual Report and Accounts 2009
Additional information for shareholders
Major shareholders and related
party transactions
Register of members holding BP ordinary shares as at
31 December 2009
Number of Percentage of Percentage of
ordinary total ordinary total ordinary
Range of holdings shareholders shareholders share capital
1-200 57,927 18.43 0.02
201-1,000 116,624 37.11 0.30
1,001-10,000 126,034 40.10 1.83
10,001-100,000 11,867 3.77 1.17
100,001-1,000,000 1,065 0.34 1.85
Over 1,000,000a777 0.25 94.83
Totals 314,294 100.00 100.00
aIncludes JPMorgan Chase Bank holding 27.74% of the total ordinary issued share capital (excluding
shares held in treasury) as the approved depositary for ADSs, a breakdown of which is shown in
the table below.
Register of holders of American depositary shares (ADSs) as at
31 December 2009a
Percentage of
Number of total ADS Percentage of
Range of holdings ADS holders holders total ADSs
1-200 72,272 54.22 0.48
201-1,000 37,695 28.28 2.08
1,001-10,000 21,893 16.42 6.80
10,001-100,000 1,417 1.06 2.81
100,001-1,000,000 22 0.02 0.43
Over 1,000,000b1 0.00 87.4
Totals 133,300 100.00 100.00
aOne ADS represents six 25 cent ordinary shares.
bOne of the holders of ADSs represents some 698,373 underlying shareholders.
As at 31 December 2009, there were also 1,660 preference shareholders.
Preference shareholders represented 0.4% and ordinary shareholders
represented 99.6% of the total issued nominal share capital of the
company as at that date.
Substantial shareholdings
The disclosure of certain major interests in the share capital of the
company is governed by the Disclosure and Transparency Rules (DTR)
made by the UK Financial Services Authority and the US Securities
Exchange Act of 1934. Under DTR 5, we have received notification that
BlackRock, Inc. holds 5.93% of the voting rights of the issued share
capital of the company; and Legal and General Group Plc holds 4.18% of
the voting rights of the issued share capital of the company.
As at the date of this report, the company had been notified that
JPMorgan Chase Bank, as depositary for American depositary shares
(ADSs) holds interests through its nominee, Guaranty Nominees Limited,
in 5,318,457,873 ordinary shares (28.34% of the company’s ordinary
share capital excluding shares held in Treasury and shares bought back
for cancellation). During 2009, BlackRock, Inc. acquired Barclays Global
Investors, resulting in an increase in the share interest of BlackRock, Inc.
BlackRock, Inc. holds interests in 1,112,967,596 ordinary shares (5.93%
of the ordinary share capital excluding shares held in treasury and shares
bought back for cancellation). Legal & General Group plc hold interests in
783,820,456 ordinary shares (4.18% of the company’s ordinary share
capital excluding shares held in treasury and shares bought back for
cancellation). The company’s major shareholders do not have different
voting rights.
At the date of this report the company has also been notified of the
following interests in preference shares: The National Farmers Union
Mutual Insurance Society Limited holds interests in 945,000 8%
cumulative first preference shares (13.07% of that class) and 987,000
9% cumulative second preference shares (18.03% of that class).
M&GInvestment Management Ltd. holds interests in 528,150
8% cumulative first preference shares (7.30% of that class) and 644,450
9% cumulative second preference shares (11.77% of that class).
Gartmore Investment Management Limited holds interests in 394,538
8% cumulative first preference shares (5.45% of that class) and 500,000
9% cumulative second preference shares (9.14% of that class). Duncan
Lawrie Ltd. holds interests in 461,876 8% cumulative first preference
shares (6.39% of that class). Ruffer LLP holds interests in 587,000 9%
cumulative second preference shares (10.72% of that class). Lazard
Asset Management Ltd. (U.K.) holds interests in 328,500 9% cumulative
second preference shares (6.0% of that class).
The total preference shares in issue comprise only 0.4%
of the company’s total issued nominal share capital, the rest being
ordinary shares.
Related-party transactions
Transactions between the group and its significant jointly controlled
entities and associates are summarized in Financial statements – Note 22
on page 142 and Financial statements – Note 23 on page 143. In the
ordinary course of its business, the group enters into transactions with
various organizations with which certain of its directors or executive
officers are associated. Except as described in this report, the group did
not have material transactions or transactions of an unusual nature with,
and did not make loans to, related parties in the period commencing
1 January 2009 to 18 February 2010.
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. Former Amoco
Corporation and Atlantic Richfield Company shareholders will not be able
to receive dividends, or proxy material, until they send in their Amoco
Corporation or Atlantic Richfield Company common shares for exchange.
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.