BP PLC — Director's Dealing 2008

Feb 13, 2008

News Details

Ad-hoc | 13 February 2008 15:24

BP p.l.c.: BP PLC announces Director/PDMR Shareholding

BP p.l.c. / Miscellaneous

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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BP PLC announces Director/PDMR Shareholding

The Company announces that on 13 February 2008, performance share awards
(the Award) were made by the Remuneration Committee to the following
Executive Directors under the share element of the BP Executive Directors’
Incentive Plan (the Plan).

Director Max number of Ordinary Shares
in the Company under Award

Dr A B Hayward 845,319
Mr I C Conn 578,376
Mr A.G. Inglis 578,376

                                Max number of ADSs under Award

Dr B E Grote 96,958

These shares pertain to the 2008-2010 performance period. The number of
shares/ADSs set out above is the maximum number which may vest under the
Award. The actual number of shares/ADSs which vest will depend on the
extent to which performance conditions have been satisfied over a
three-year period ending 31 December 2010. These performance conditions
remain as described in the summary of the Plan set out in the Directors’
Remuneration Report which is contained in BP’s Annual Report and Accounts
2007. In addition, each Director will be entitled to additional
shares/ADSs representing the value of reinvested dividends on those
shares/ADSs which vest.

The Company also announces that on 13 February 2008, the Remuneration
Committee have also awarded to each of Mr Conn and Mr Inglis, 266,904
ordinary shares under the Plan as a one-off retention award. The award
comprises two equal tranches of 133,452 shares which will vest on the third
and fifth anniversaries of the award, respectively. Vesting of each
tranche is dependent on the Remuneration Committee being satisfied as to
their personal performance as at the date of vesting. Any unvested tranche
will generally lapse in the event of such director’s cessation of
employment with the Company.
13.02.2008 Financial News transmitted by DGAP

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Language: English
Issuer: BP p.l.c.
1 St James's Square
SW1Y 4PD London
Großbritannien
Phone: +44 (0) 207-496-4000
Fax: +44 (0) 207-496-4570
E-mail: ir@bp.com
Internet: www.bp.com
ISIN: GB0007980591
WKN: 850517
Listed: Freiverkehr in Berlin, Stuttgart, München, Hamburg,
Düsseldorf; Open Market in Frankfurt; Foreign Exchange(s) SWX

End of News DGAP News-Service

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