LONDON, 11.06.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.
BP PLC BP AND AAR AGREE CHANGE TO SHARE PAYMENT DATES FOR TNK STAKE
BP AND AAR AGREE CHANGE TO SHARE
PAYMENT DATES FOR TNK STAKE
BP and Alfa, Access and Renova (AAR) completed their sale andpurchase agreement relating to TNK-BP on 29 August 2003. BP and AARtoday agreed to change the dates on which BP is due, under the termsof that agreement, to issue AAR with three tranches of BP p.l.c.shares, each tranche with a value of US$1.25 billion.
The issue dates have been changed from 29 August 2004, 29 August 2005and 29 August 2006 to 20 September 2004, 20 September 2005 and 20September 2006, respectively.
The issue dates have been moved in order to avoid BP's third quarterex-dividend date falling within the calculation period fordetermining the number of BP p.l.c. shares to be issued to AAR ineach tranche, thereby reducing the potential for volatility duringthat period. There is no incremental cost to BP or its shareholdersas a result of this change in issue dates.
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This information is provided by RNS The company news service from the London Stock Exchange
Further inquiry note:Jude TomalinCompany Secretarial Assistant020 7496 4062Tel: +44 20 7496 4062Email: [email protected]
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WKN: 850517ISIN: GB0007980591Marktsegment: , official dealing Hamburger Wertpapierbörse, BörseDüsseldorf, Frankfurter Wertpapierbörse, SWX Swiss Exchange, LondonStock Exchange; free trade Niedersächsische Börse zu Hannover,Berliner Wertpapierbörse, Bayerische Börse, Baden-WürttembergischeWertpapierbörse