BP p.l.c., an international energy company, has announced the purchase of 8,146,076 of its ordinary shares in accordance with the authority granted by shareholders at its 2023 Annual General Meeting. The shares were acquired as part of the buyback program that was announced on May 2, 2023.
The company intends to cancel these shares as per the authority granted by its shareholders. The purchases were made on the London Stock Exchange and Cboe (UK), and the schedule with detailed information about the transactions can be viewed by visiting the provided URL.
The purchased shares are expected to be delivered to BP p.l.c. in two working days. The announcement regarding the total number of voting rights has been prepared on a settlement basis, deducting only the purchased shares that have been delivered for cancellation from the total voting rights.
BP p.l.c. is an energy company with ordinary shares having one vote per share and preference shares having two votes for every £5 in nominal capital held.
This news article provides information about BP p.l.c.’s recent purchase of its own shares. The company purchased a significant number of ordinary shares as part of its buyback program, as authorized by its shareholders. The intention is to cancel these shares. The article also highlights the schedule of the purchases and provides information about the voting rights structure of the company.
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