SECURITIES AND EXCHANGE
Report of Foreign
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of
the period ended February, 2017
of registrant's name into English)
1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND
of principal executive offices)
by check mark whether the registrant files or
will file annual
under cover Form 20-F or Form 40-F.
by check mark whether the registrant by furnishing the
in this Form is also thereby furnishing the
information to the
pursuant to Rule 12g3-2(b) under the Securities Exchange Act
Fourth quarter interim dividend for 2016
Scrip Dividend Programme
February 2017 the Directors of BP p.l.c. announced that the interim
dividend for the fourth quarter 2016 would be US$0.10 per ordinary
share (US$0.60 per ADS). This interim dividend is to be paid on 31
March 2017 to shareholders on the share register on 17 February
2017. The dividend is payable in cash in sterling to holders
of ordinary shares and in US dollars to holders of ADSs. A scrip
dividend alternative will be made available for this dividend
allowing shareholders to elect to receive their dividend in the
form of new ordinary shares and ADS holders in the form of new
'Reference Share Price' for the issue of new ordinary shares under
the scrip dividend alternative is:
US$5.580 for each new ordinary share.
For holders of ordinary shares this is equivalent to 1 new share
approximately every 55.800 shares held prior to the
date of 16 February 2017.
Reference Share Price is the average of the US dollar
equivalent of the closing mid price quotation for a BP ordinary
share on the London Stock Exchange Daily Official List for the five
consecutive dealing days beginning on the ex-dividend date of 16
February 2017. The US dollar equivalent price each day is
calculated from the sterling closing mid price using the exchange
rate published by the Bank of England at 4pm each day.
'Reference ADS Price' for the issue of new ADSs under the scrip
dividend alternative is:
US$33.530 for each new ADS.
For holders of ADSs this is equivalent to 1 new ADS for
approximately every 55.883 ADSs held prior to the ex-dividend date
of 15 February 2017.
Reference ADS Price is calculated by multiplying the Reference
Share Price by six (as there are six ordinary shares underlying
each ADS) and adjusting for the fee payable to the Depositary under
the ADS Deposit Agreement (US$0.05 per ADS). Prior to the 2012
first quarter dividend payment stamp duty reserve tax ("SDRT") of
1.5% was deducted from this calculation, but following a tax
tribunal decision in 2012, HM Revenue & Customs will no longer
seek to impose 1.5% SDRT on issues of UK shares and securities to
non-EU clearance services and depositary receipt
payable in cash in sterling on 31 March 2017 will be converted
from US dollars at the average of the market exchange
rates for the four dealing days from 14 to 17 March 2017. The
sterling cash dividend will be announced to
the London Stock Exchange on 20 March 2017.
latest date for receipt of elections to participate in the Scrip
Dividend Programme for this interim dividend is 13 March 2017.
Shareholders must return their mandate form or otherwise input
their CREST elections, to be received by BP's Registrar, Capita, by
5.00 pm (London time) on 13 March 2017, and ADS holders must return
their election form to the Depositary, JPMorgan Chase Bank N.A., by
5.00 pm (New York time) on that date. Elections received after this
deadline will apply to subsequent dividends only. Unless revoked by
you, your scrip dividend election will apply for all future
dividends for which a scrip dividend is offered. Evergreen
elections for CREST shareholders will not be accepted and elections
will revert to cash by default after the payment of each
of the fourth quarter 2016 dividend and timetable are available
www.bp.com/dividends and details of the Scrip Dividend
Programme are available at www.bp.com/scrip.
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.