BP 2012 Annual Report Download - page 160

Purchases of equity securities by the issuer and affiliated purchasers
At the AGM on 12 April 2012, authorization was given to repurchase up to 1.9 billion ordinary shares in the period to the next AGM in 2013 or 12 July
2013, the latest date by which an AGM must be held. This authorization is renewed annually at the AGM. No repurchases of shares were made in the
period 1 January 2012 to 19 February 2013.
The following table provides details of ordinary share purchases made by Employee Share Ownership Plans (ESOPs) and other purchases of ordinary
shares and ADSs made to satisfy the requirements of certain employee share-based payment plans.
Total number
of shares
purchased
Average
paid per share
$
Total number
of shares
purchased as
part of publicly
announced
programmes
Maximum
number of
shares that
may yet
be purchased
under the
programmea
2012
January Nil
February Nil
March 2,926,611 7.95
April 130 7.77
May 273 7.54
June 1,200,000 6.12
July 68 6.56
August 970,365 7.28
September 2,936,447 6.95
October 5,790,900 7.23
November 30,931,671 7.12
December Nil
2013b
January Nil
February (to 19 February) Nil
aNo shares were repurchased pursuant to a publicly announced plan. Transactions represent the purchase of ordinary shares by ESOPs and other purchases of ordinary shares and ADSs made to satisfy
requirements of certain employee share-based payment plans.
bThe ESOPs did not purchase any shares in the period 1 January 2013 to 19 February 2013. However, on 31 January 2013, 10 million shares were transferred from treasury shares to the ESOPs to satisfy
expected option exercises under the BP Share Option Plan.
Fees and charges payable by ADSs holders
The Depositary collects fees for delivery and surrender of ADSs directly from investors depositing shares or surrendering ADSs for the purpose of
withdrawal or from intermediaries acting for them. The Depositary collects fees for making distributions to investors by deducting those fees from the
amounts distributed or by selling a portion of the distributable property to pay the fees.
The charges of the Depositary payable by investors are as follows:
Type of service Depositary actions Fee
Depositing or substituting the underlying
shares
Issuance of ADSs against the deposit of shares, including
deposits and issuances in respect of:
• Share distributions, stock splits, rights, merger.
• Exchange of securities or other transactions or event or
other distribution affecting the ADSs or deposited
securities.
$5.00 per 100 ADSs (or portion
thereof) evidenced by the new ADSs
delivered.
Selling or exercising rights Distribution or sale of securities, the fee being in an amount
equal to the fee for the execution and delivery of ADSs that
would have been charged as a result of the deposit of such
securities.
$5.00 per 100 ADSs (or portion
thereof).
Withdrawing an underlying share Acceptance of ADSs surrendered for withdrawal of deposited
securities.
$5.00 for each 100 ADSs (or portion
thereof) evidenced by the ADSs
surrendered.
Expenses of the Depositary Expenses incurred on behalf of holders in connection with:
• Stock transfer or other taxes and governmental charges.
• Cable, telex, electronic and facsimile transmission,
delivery.
• Transfer or registration fees, if applicable, for the
registration of transfers of underlying shares.
• Expenses of the Depositary in connection with the
conversion of foreign currency into US dollars (which are
paid out of such foreign currency).
Expenses payable at the sole
discretion of the Depositary by billing
holders or by deducting charges from
one or more cash dividends or other
cash distributions.
158 Shareholder information
BP Annual Report and Form 20-F 2012