BP 2006 Annual Report Download - page 92

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An ADR holder electing to receive ADSs instead of a cash dividend will
be responsible for the stamp duty reserve tax due on issue of shares to
the Depositary’s nominee and calculated at the rate of 1.5% on the issue
price of the shares. Current UK Inland Revenue practice is to calculate the
issue price by reference to the total cash receipt (i.e., cash dividend plus
the Refund if any) to which a US holder would have been entitled had the
election to receive ADSs instead of a cash dividend not been made. ADR
holders electing to receive ADSs instead of the cash dividend authorize
the Depositary to sell sufficient shares to cover this liability.
Documents on display
BP’s Annual Report and Accounts is available online at www.bp.com.
Shareholders have the ability to receive a hard copy of BP’s complete
audited financial statements, free of charge, by contacting BP Distribution
Services at [phone] or through an e-mail request addressed
to [e-mail], or BP’s US Shareholder Services office
in Warrenville, Illinois at 1 800 638 5672 or through an e-mail request
addressed to [e-mail].
The company is subject to the information requirements of the US
Securities and Exchange Act of 1934 applicable to foreign private issuers.
In accordance with these requirements, the company files its Annual
Report on Form 20-F and other related documents with the SEC. It is
possible to read and copy documents that have been filed with the SEC at
the SEC’s public reference room located at 100 F Street NE, Washington,
DC 20549, US. Please call the SEC at 1-800-SEC-0330 or log on to
www.sec.gov. In addition, BP’s SEC filings are available to the public at
the SEC’s web site at www.sec.gov.
Details of some of BP’s other publications are listed on the inside back
cover.
Purchases of equity securities by the issuer and affiliated purchasers
The following table provides details of ordinary shares repurchased.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total number of shares
purchasedac
$
Average price paid
per share
Total number of shares
purchased as part of publicly
announced programmes
Maximum number of shares
that may yet be purchased
under the programmeb
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2006
January 70,000,000 11.67 70,000,000
February 139,785,200 11.41 139,785,200
March 139,294,200 11.41 139,294,200
April 107,608,638 12.22 107,608,638
May 149,312,153 12.33 149,312,153
June 118,823,000 11.31 118,823,000
July 159,261,259 11.82 159,261,259
August 91,904,300 11.87 91,904,300
September 47,989,000 10.95 47,989,000
October 171,740,000 11.15 171,740,000
November 113,255,000 11.28 113,255,000
December 25,390,000 11.42 25,390,000
2007
January 73,361,264 10.80 73,361,264
February (through 20 February) 61,797,871 10.55 61,797,871
aAll share purchases were open market transactions.
bAt the AGM on 20 April 2006, authorization was given to repurchase up to 2 billion ordinary shares in the period to the next AGM or 19 July 2007, the latest date by which an
AGM must be held. This authorization is renewed annually at the AGM.
cMade up of 493,533,135 shares repurchased for cancellation and 975,988,750 shares held in treasury.
The following table provides details of share purchases made by ESOP trusts.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total number of shares
purchased
$
Average price paid
per share
Total number of shares
purchased as part of publicly
announced programmesa
Maximum number of shares
that may yet be purchased
under the programmea
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2006
January 41,068 11.24
February 1,638,669 11.33
March 6,198,758 11.47
April ––
May 13,829 12.11
June 10,001,371 10.70
July ––
August ––
September 13,606 11.15
October 10,231 11.00
November ––
December ––
2007
January 71,643 10.93
February (through 20 February) 1,700,000 11.46
aNo shares were repurchased pursuant to a publicly announced plan. Transactions represent the purchase of ordinary shares by ESOP trusts to satisfy future requirements of
employee share schemes.