BP 2007 Annual Report Download - page 92

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the rate of £1.50 per £100 (or part) or stamp duty reserve tax at the rate
of 1.5% of the value of the ordinary shares at the time of the transfer.
A transfer of the underlying ordinary shares to an ADR holder on
cancellation of the ADSs without transfer of beneficial ownership will
give rise to UK stamp duty at the rate of £5 per transfer.
An ADR holder electing to receive ADSs instead of a cash dividend will
be responsible for the stamp duty reserve tax due on issue of shares to
the Depositary’s nominee and calculated at the rate of 1.5% on the issue
price of the shares. Current UK Inland Revenue practice is to calculate
the issue price by reference to the total cash receipt to which a US
holder would have been entitled had the election to receive ADSs instead
of a cash dividend not been made. ADR holders electing to receive ADSs
instead of the cash dividend authorize the Depositary to sell sufficient
shares to cover this liability.
Documents on display
BP’s Annual Report and Accounts is also available online at
www.bp.com. Shareholders may obtain a hard copy of BP’s complete
audited financial statements, free of charge, by contacting BP
Distribution Services at +44 (0)870 241 3269 or through an e-mail
request addressed to bpdistributionservices@bp.com,orBPsUS
Shareholder Services office in Warrenville, Illinois at +1 800 638 5672 or
through an e-mail request addressed to shareholderus@bp.com.
The company is subject to the information requirements of the US
Securities Exchange Act of 1934 applicable to foreign private issuers. In
accordance with these requirements, the company files its Annual
Report on Form 20-F and other related documents with the SEC. It is
possible to read and copy documents that have been filed with the SEC
at the SEC’s public reference room located at 100 F Street NE,
Washington, DC 20549, US. You may also call the SEC at
+1 800-SEC-0330 or log on to www.sec.gov. In addition, BP’s SEC filings
are available to the public at the SEC’s web site at www.sec.gov.BP
discloses on its website at www.bp.com/NYSEcorporategovernancerules
significant ways (if any) in which its corporate governance practices differ
from those mandated for US companies under NYSE listing standards.
Details of some of BP’s other publications are listed on the inside back
cover.
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