24th Dec 2007 07:01
BP PLC24 December 2007 24th December 2007 BP share repurchase programme ---------------------- BP plc announces that it has in place a buy-back programme, managed by anindependent third party which makes its trading decisions in relation to BP'ssecurities independently of, and uninfluenced by BP. The programme starts on 1stJanuary 2008 and ends on 5th February 2008. The shares purchased on behalf of BPplc are for holding in treasury. The aim of the programme is to reduce the issued share capital of BP plc. Any acquisitions will be effected within certain pre-set parameters, and inaccordance with both BP's general authority to repurchase shares and Chapter 12of the Listing Rules which requires that the maximum price paid be limited to nomore than 105 per cent of the average middle market closing price of BP sharesfor the 5 dealing days preceding the date of purchase. The company confirmsthat it currently has no inside information. Further enquiries:BP Press Office: +44 (0)20 7496 4076 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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