BP 2014 Annual Report Download - page 251

Major shareholders
The disclosure of certain major and significant shareholdings in the share
capital of the company is governed by the Companies Act 2006, the UK
Financial Conduct Authority’s Disclosure and Transparency Rules (DTR)
and the US Securities Exchange Act of 1934.
Register of members holding BP ordinary shares as at
31 December 2014
Range of holdings
Number of ordinary
shareholders
Percentage of total
ordinary shareholders
Percentage of total
ordinary share capital
excluding shares
held in treasury
1-200 56,090 20.67 0.02
201-1,000 95,613 35.24 0.28
1,001-10,000 107,541 39.63 1.79
10,001-100,000 10,659 3.93 1.18
100,001-1,000,000 773 0.29 1.59
Over 1,000,000a659 0.24 95.14
Totals 271,335 100.00 100.00
aIncludes JPMorgan Chase Bank, N.A. holding 28.79% of the total ordinary issued share capital
(excluding shares held in treasury) as the approved depositary for ADSs, a breakdown of which is
shown in the table below.
Register of holders of American depositary shares (ADSs) as at
31 December 2014a
Range of holdings
Number of
ADS holders
Percentage of total
ADS holders
Percentage of total
ADSs
1-200 55,981 58.01 0.35
201-1,000 25,960 26.90 1.42
1,001-10,000 13,816 14.32 4.14
10,001-100,000 740 0.77 1.42
100,001-1,000,000 8 0.00 0.13
Over 1,000,000b1 0.00 92.54
Totals 96,506 100.00 100.00
aOne ADS represents six 25 cent ordinary shares.
bOne holder of ADSs represents 979,038 underlying shareholders.
As at 31 December 2014, there were also 1,483 preference
shareholders. Preference shareholders represented 0.46% and ordinary
shareholders represented 99.54% of the total issued nominal share
capital of the company (excluding shares held in treasury) as at that date.
In accordance with DTR 5, we have received notification that as at
31 December 2014 BlackRock, Inc held 5.91%, The Capital Group
Companies, Inc held 3.31% and Legal & General Group plc held 3.21% of
the voting rights of the issued share capital of the company. As at
17 February 2015 BlackRock, Inc held 6.25%, The Capital Group
Companies, Inc held 3.51% and Legal & General Group plc held 3.27% of
the voting rights of the issued share capital of the company.
Under the US Securities Exchange Act of 1934 BP has received
notification of the following interests as at 17 February 2015:
Holder
Holding of
ordinary shares
Percentage
of ordinary
share capital
excluding
shares held
in treasury
JPMorgan Chase Bank N.A., depositary
for ADSs, through its nominee
Guaranty Nominees Limited 5,301,883,023 29.07
BlackRock, Inc. 1,139,520,000 6.25
The company’s major shareholders do not have different voting rights.
The company has also been notified of the following interests in
preference shares as at 17 February 2015:
Holder
Holding of 8%
cumulative first
preference shares
Percentage
of class
The National Farmers Union Mutual
Insurance Society 945,000 13.07
M & G Investment Management Ltd. 528,150 7.30
Duncan Lawrie Ltd. 364,876 5.04
Holder
Holding of 9%
cumulative second
preference shares
Percentage
of class
The National Farmers Union Mutual
Insurance Society 987,000 18.03
M & G Investment Management Ltd. 644,450 11.77
Smith & Williamson Investment
Management Ltd. 333,200 6.09
Bank Julius Baer 294,000 5.37
Barclays Bank PLC. 279,172 5.10
In accordance with DTR 5.8.12, The Capital Group of Companies, Inc.
notified the company on 24 September 2012 that due to their group
reorganization their holdings would not be reported separately but as
combined holdings, thereby taking their interest in shares above the 3%
threshold as of 1 September 2012.
Smith and Williamson Holdings Limited disposed of its interest in 32,500
8% cumulative first preference shares during 2014.
In accordance with DTR 5.6, BlackRock, Inc. notified the company that its
indirect interest in ordinary shares decreased below 5% during 2014.
UBS Investment Bank notified the company that its indirect interest in
ordinary shares increased above 3% on 9 February 2015 and that it
decreased below the notifiable threshold on 16 February 2015.
As at 17 February 2015, the total preference shares in issue comprised
only 0.46% of the company’s total issued nominal share capital
(excluding shares held in treasury), the rest being ordinary shares.
Annual general meeting
The 2015 AGM will be held on Thursday 16 April 2015 at 11.30am at
ExCeL London, One Western Gateway, Royal Victoria Dock, London, E16
1XL. A separate notice convening the meeting is distributed to
shareholders, which includes an explanation of the items of business to
be considered at the meeting.
All resolutions for which notice has been given will be decided on a poll.
Ernst & Young LLP have expressed their willingness to continue in office
as auditors and a resolution for their reappointment is included in the
Notice of BP Annual General Meeting 2015.
Memorandum and Articles of Association
The following summarizes certain provisions of the company’s
Memorandum and Articles of Association and applicable English law. This
summary is qualified in its entirety by reference to the UK Companies Act
2006 (the Act) and the company’s Memorandum and Articles of
Association. For information on where investors can obtain copies of the
Memorandum and Articles of Association see Documents on display on
page 251.
At the AGM held on 17 April 2008 shareholders voted to adopt new
Articles of Association, largely to take account of changes in UK company
law brought about by the Act. Further amendments to the Articles of
Association were approved by shareholders at the AGM held on 15 April
2010. New Articles of Association are being proposed at our AGM in
2015.
Shareholder information
BP Annual Report and Form 20-F 2014 247