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CORRECTION - BP Plc enters into repurchase mandate agreement with an independent third party in respect to share repurchase programme


Friday, 13 Jun 2014 09:41am EDT 

CORRECTED TO READ IN THE HEADLINES "BP Plc enters into repurchase mandate agreement with an independent third party in respect to share repurchase programme"...INSTEAD OF “BP Plc announces Share repurchase programme”.BP Plc:Says on March 22, 2013 BP Plc announces $8 bln share repurchase programme.Says on June 13 enters into repurchase mandate agreement with independent third party and, within this new mandate period, it is expected that $8 bln share repurchase programme will be completed and that share repurchases will continue in ordinary course thereafter.Repurchase mandate agreement follows expiry of repurchase mandate agreement previously entered into and announced in respect of the period of April 30, 2014 to June 13, 2014.Under repurchase mandate agreement entered into on June 13, 2014, independent third party will manage share repurchases for period of June 16, 2014 to July 29, 2014.Independent third party will make its trading decision in relation to the purchase of the company's securities independently of, and uninfluenced by company.The purpose of the share buy-backs is to reduce the company's issued share capital. 

Company Quote

447.0
-5.6 -1.24%
6 Mar 2015