28th Apr 2005 14:43
BP PLC28 April 2005 The Company announces that on 28 April 2005, performance share awards (Awards)were made to the following Executive Directors under the share element of the BPExecutive Directors' Incentive Plan (the Plan). The Plan was renewed byshareholders at the Company's annual general meeting on 14 April 2005. Director Max number of Ordinary Shares in the Company under Award Lord Browne 2,006,767Dr D C Allen 436,623Mr I C Conn 415,832Dr A B Hayward 436,623Mr J A Manzoni 436,623 Max number of ADSs under award Dr B E Grote 83,630 The number of Shares/ADSs set out above is the maximum number which may vestunder the Award. The actual number of Shares/ADSs which vest will depend on theextent to which performance conditions have been satisfied over a three-yearperiod. These are described in the summary of the Plan set out in the Company'sDirectors' Remuneration Report. In addition, each Director will be entitled toadditional Shares/ADSs representing the value of reinvested dividends on thoseShares/ADSs which vest. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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