Bp PLC 6-K, filed Sep 8, 2020
Bp PLC (BP)
6-K
2020-09-08
For: 2020-09-08
View Original
Added on
April 08, 2026
About this 6-K
Bp PLC filed this 6-K on September 8, 2020.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
for the
period ended
August, 2020
BP p.l.c.
(Translation
of registrant's name into English)
1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.
Form
20-F |X| Form 40-F
---------------
----------------
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of
1934.
Yes No
|X|
---------------
--------------
|
Exhibit
1.1
|
Director/PDMR
Shareholding and 12 August 2020
|
|
Exhibit
1.2
|
Director/PDMR
Shareholding and 13 August 2020
|
|
Exhibit
1.3
|
Total
Voting Rights dated 01 September 2020
|
|
|
|
Exhibit 1.1
BP p.l.c.
Notification of transactions of persons discharging managerial
responsibility or person closely associated
EDIP performance shares 2020-2022 award
BP p.l.c. (the "Company") announces that, on 11 August 2020,
conditional performance share awards (the "Awards") were made under
the BP Executive Directors' Incentive Plan (the
"Plan").
The Awards follow the approval by shareholders of the
directors' remuneration policy (the "Policy") and Plan rules at the
annual general meeting held on 27 May 2020.
In assessing the pricing of these awards, as well as the
performance conditions attaching to them, the Remuneration
Committee (the "Committee") has carefully considered recent market
conditions, the new strategy, targets and aims to achieve bp's net
zero ambition, as announced on 4 August 2020, whilst also having
regard to the interests of investors with whom it has
consulted.
Level of award
The Committee has decided to maintain award levels at 500% of base
salary for the chief executive officer and 450% for the chief
financial officer, in line with the Policy, and in calculating the
number of bp shares over which these awards have been made, has
decided to apply the average price of bp shares over the 90 dealing
days prior to the grant date. In determining these factors,
the Committee has been very mindful of investor views regarding the
appropriateness of the pricing at which shares are granted and
hence the number of shares awarded. In selecting 90 dealing
days as the basis for pricing, the Committee reviewed share price
data for other time periods and concluded that 90 days represents a
reasonable basis for the grants. In tracking the performance
conditions attaching to these awards, the Committee commits to
shareholders that it intends to be guided by the shareholder
experience over the course of the three-year performance period
(2020-2022). Recipients of these Awards are being advised
that the Committee retains discretion to adjust the formulaic
reward outcome at the time of vesting should it not reflect the
shareholder experience over the performance period or be otherwise
inconsistent with the magnitude of award contemplated.
Performance conditions
As set out in the Policy, Awards will vest relative to performance
achieved against a combination of the following financial and
strategic measures:
●
Relative
total shareholder return (40%) assessed against a benchmarking
group, comprising Chevron, Eni, Equinor, Exxon, Repsol, Shell and
Total;
●
Return
on average capital employed (30%). This will be assessed on a
three-year average basis, with no adjustment for market conditions;
and
●
Low
carbon/energy transition (30%).
More details, including the specific targets for the low
carbon/energy transition category will be outlined after the
capital markets day in September and included in the 2020 bp Annual
Report and Form 20-F.
Number of shares subject to award
|
Name
|
Award
|
|
Bernard
Looney
|
2,076,677
ordinary shares
|
|
Murray
Auchincloss
|
999,201
ordinary shares
|
These awards will vest in three years and in proportion to the
outcomes measured through the performance scorecard, with a holding
period that requires the shares to be retained for a
further
three years.
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
||
|
a)
|
Name
|
Bernard
Looney
|
|
|
2
|
Reason for the notification
|
||
|
a)
|
Position/status
|
Chief
executive officer / Director
|
|
|
b)
|
Initial
notification/Amendment
|
Initial
notification
|
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
||
|
a)
|
Name
|
BP
p.l.c.
|
|
|
b)
|
LEI
|
213800LH1BZH3DI6G760
|
|
|
4
|
Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been
conducted
|
||
|
a)
|
Description
of the financial instrument, type of instrument
Identification
code
|
Ordinary
shares of $0.25
GB0007980591
|
|
|
b)
|
Nature
of the transaction
|
2,076,677
restricted share units (in the form of ordinary shares) awarded
under the BP Executive Directors' Incentive Plan.
|
|
|
c)
|
Price(s)
and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
consideration
|
2,076,677
|
||
|
d)
|
Aggregated
information
-
Volume
-
Price
-
Total
|
2,076,677
Nil
consideration. Market value £3.13
Nil.
Market value £6,499,999.01
|
|
|
e)
|
Date of
the transaction
|
11
August 2020
|
|
|
f)
|
Place
of the transaction
|
Outside
a trading venue
|
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
||
|
a)
|
Name
|
Murray
Auchincloss
|
|
|
2
|
Reason for the notification
|
||
|
a)
|
Position/status
|
Chief
financial officer / Director
|
|
|
b)
|
Initial
notification/Amendment
|
Initial
notification
|
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
||
|
a)
|
Name
|
BP
p.l.c.
|
|
|
b)
|
LEI
|
213800LH1BZH3DI6G760
|
|
|
4
|
Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been
conducted
|
||
|
a)
|
Description
of the financial instrument, type of instrument
Identification
code
|
Ordinary
shares of $0.25
GB0007980591
|
|
|
b)
|
Nature
of the transaction
|
999,201
restricted share units (in the form of ordinary shares) awarded
under the BP Executive Directors' Incentive Plan.
|
|
|
c)
|
Price(s)
and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
consideration
|
999,201
|
||
|
d)
|
Aggregated
information
-
Volume
-
Price
-
Total
|
999,201
Nil
consideration. Market value £3.13
Nil.
Market value £3,127,499.13
|
|
|
e)
|
Date of
the transaction
|
11
August 2020
|
|
|
f)
|
Place
of the transaction
|
Outside
a trading venue
|
|
This notice is given in fulfilment of the obligation under Article
19 of the Market Abuse Regulation.
Exhibit 1.2
BP p.l.c.
Notification of transactions of persons discharging managerial
responsibility or persons closely associated
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
||
|
a)
|
Name
|
Bernard
Looney
|
|
|
2
|
Reason for the notification
|
||
|
a)
|
Position/status
|
Chief
Executive Officer / Director
|
|
|
b)
|
Initial
notification/Amendment
|
Initial
notification
|
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
||
|
a)
|
Name
|
BP
p.l.c.
|
|
|
b)
|
LEI
|
213800LH1BZH3DI6G760
|
|
|
4
|
Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been
conducted
|
||
|
a)
|
Description
of the financial instrument, type of instrument
Identification
code
|
Ordinary
shares of $0.25
GB0007980591
|
|
|
b)
|
Nature
of the transaction
|
Shares
acquired through participation in the BP ShareMatch UK
Plan
|
|
|
c)
|
Price(s)
and volume(s)
|
Price(s)
|
Volume(s)
|
|
£2.8725
|
110
|
||
|
d)
|
Aggregated
information
-
Volume
-
Price
-
Total
|
110
£2.8725
£315.98
|
|
|
e)
|
Date of
the transaction
|
10
August 2020
|
|
|
f)
|
Place
of the transaction
|
Outside
a trading venue
|
|
This notice is given in fulfilment of the obligation under Article
19 of the Market Abuse Regulation.
Exhibit
1.3
BP p.l.c.
Total voting rights and share capital
As at 31 August 2020, the issued share capital of BP p.l.c.
comprised 20,264,386,728 ordinary shares (excluding
treasury shares) par value US$0.25 per share, each with one vote;
and 12,706,252 preference shares par value £1 per share with
two votes for every £5 in nominal capital held.
The number of ordinary shares which have been bought back and are
held in treasury by BP p.l.c. is 1,151,395,622. These treasury
shares are not taken into consideration in relation to the payment
of dividends and voting at shareholder meetings.
The total number of voting rights in BP p.l.c. is 20,269,469,228.
This information may be used by shareholders for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, BP p.l.c. under the
FCA's Disclosure Guidance and Transparency
Rules.
This announcement is made in accordance with the requirements of
Disclosure Guidance and Transparency Rule 5.6.
SIGNATURES
Pursuant
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.
|
|
BP
p.l.c.
|
|
|
(Registrant)
|
|
|
|
|
Dated: 07
September 2020
|
|
|
|
/s/ Ben
J. S. Mathews
|
|
|
------------------------
|
|
|
Ben J.
S. Mathews
|
|
|
Company
Secretary
|