BP 2010 Annual Report Download - page 140
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Please find page 140 of the 2010 BP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Additionalinformationforshareholders
FeesandchargespayablebyaholderofADSs
TheDepositarycollectsfeesfordeliveryandsurrenderofADSsdirectlyfrominvestorsdepositingsharesorsurrenderingADSsforthepurposeof
withdrawalorfromintermediariesactingforthem.TheDepositarycollectsfeesformakingdistributionstoinvestorsbydeductingthosefeesfromthe
amountsdistributedorbysellingaportionofthedistributablepropertytopaythefees.
ThechargesoftheDepositarypayablebyinvestorsareasfollows:
TypeofserviceDepositaryactions Fee
Depositingorsubstitutingthe
underlyingshares
IssuanceofADSsagainstthedepositofshares,including
depositsandissuancesinrespectof:
• Sharedistributions,stocksplits,rights,merger
• Exchangeofsecuritiesorothertransactionsor
eventorotherdistributionaffectingtheADSsor
depositedsecurities
$5.00per100ADSs(orportionthereof)
evidencedbythenewADSsdelivered
Sellingorexercisingrights Distribution orsaleofsecurities,thefeebeinginan
amountequaltothefeefortheexecutionanddelivery
ofADSsthatwouldhavebeenchargedasaresultof
thedepositofsuchsecurities
$5.00per100ADSs(orportionthereof)
Withdrawingan
underlyingshare
AcceptanceofADSssurrenderedforwithdrawalof
depositedsecurities
$5.00foreach100ADSs(orportion
thereof)evidencedbytheADSs
surrendered
ExpensesoftheDepositary
Expensesincurredonbehalfofholdersinconnectionwith:
• Stocktransferorothertaxesandgovernmental
charges
• Cable,telex,electronicandfacsimile
transmission/delivery
• T ransferorregistrationfees,ifapplicable,forthe
registrationoftransfersofunderlyingshares
• ExpensesoftheDepositaryinconnectionwiththe
conversionofforeigncurrencyintoUSdollars
(whicharepaidoutofsuchforeigncurrency)
Expensespayableatthesolediscretion
oftheDepositarybybillingholdersor
bydeductingchargesfromoneor
morecashdividendsorothercash
distributions
Feesandpaymentsmadebythe
Depositarytotheissuer
TheDepositaryhasagreedtoreimbursecertaincompanyexpensesrelated
tothecompany’sADSprogrammeandincurredbythecompanyin
connectionwiththeprogramme.TheDepositaryreimbursedtothe
company,orpaidamountsonthecompany’sbehalftothirdparties,or
waiveditsfeesandexpenses,of$4,647,254fortheyearended
31December2010.
Thetablebelowsetsforththetypesofexpensesthatthe
Depositaryhasagreedtoreimburse,andtheinvoicesrelatingtotheyear
ended31December2010thatwerereimbursed:
Categoryofexpensereimbursed Amountreimbursedfortheyear
tothecompany ended31December2010
NYSElistingfees $500,000
Total $500,000
TheDepositaryhasalsoagreedtowaivefeesforstandardcostsassociated
withtheadministrationoftheADSprogrammeandhaspaidcertain
expensesdirectlytothirdpartiesonbehalfofthecompany.Thetablebelow
setsforththoseexpensesthattheDepositarywaivedorpaiddirectlyto
thirdpartiesrelatingtotheyearended31December2010:
Categoryofexpensewaivedorpaid Amountreimbursedfortheyear
directlytothirdparties ended31December2010
Servicefeesandoutofpocketexpenseswaiveda $2,802,482
Brokerreimbursementsb $1,150,475
Otherthird-partymailingcostsc $136,542
Legaladviced $26,391
Otherthird-partyexpensespaiddirectly $31,364
Total $4,147,254
IncludesfeesinrelationtotransferagentcostsandcostsoftheofBPDirectAccessPlanoperated
byJPMorganChase.
B
rokerreimbursementsarefeespayabletoBroadridgeforthedistributionofhardcopymaterialto
ADRbenecialholdersintheDepositaryTrustCompany.Corporatematerialsincludeinformation
relatedtoshareholders’meetingsandrelatedvotinginstructions.ThesefeesareSECapproved.
P
aymentoffeestoPrecisionIRandCIBCMellonfordistributionofhardcopymaterialstoADR
benecialholders,proxysolicitationandinvestorsupport.
R
eimbursementforlegaladvicefromZiegler,Ziegler&Associates.
Undercertaincircumstances,includingremovaloftheDepositaryor
terminationoftheADRprogrammebythecompany,thecompanyis
requiredtorepaytheDepositaryamountsreimbursedand/orexpenses
paidtooronbehalfofthecompanyduringthe12-monthperiodpriorto
noticeofremovalortermination.
a
b
c
d
138BPAnnualReportandForm20-F2010