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These excerpts taken from the BP F-3ASR filed Dec 1, 2008. Section 3.2 Dividend Reinvestment
On or before each Dividend Payment Date, pursuant to its established practice, the Depositary shall remit to the Administrator the Reinvestment Fund for investment on behalf of Reinvesting Accounts in ADS Shares purchased in the Open Market. The Administrator shall, or if it is not an Independent Agent shall cause an Independent Agent to, purchase in the Open Market the whole number of ADS Shares equal to (a) the amount of the Reinvestment Fund for the relevant Dividend Payment Date divided by (b) the Market Purchase Price applicable to the Dividend Reinvestment for the relevant Dividend Payment Date.
The Administrator shall credit to each Reinvesting Account the relevant Participant’s proportionate interest in the ADS Shares so purchased. The total cost incurred by the Reinvesting Account for this purchase will be the Market Purchase Price multiplied by the number of ADS Shares so credited.
Section 3.2 Dividend Reinvestment On or before each Dividend Payment Date, pursuant to its established practice, the Depositary shall remit to the Administrator the Reinvestment Fund for investment on behalf of Reinvesting Accounts in ADS Shares purchased in the Open Market. The Administrator shall, or if it is not an Independent Agent shall cause an Independent Agent to, purchase in the Open Market the whole number of ADS Shares
The Administrator shall credit to each Reinvesting Account the relevant Participant’s proportionate interest in the ADS Shares so purchased. The total cost incurred by the Reinvesting Account for this purchase will be the Market Purchase Price multiplied by the number of ADS Shares so credited.
These excerpts taken from the BP F-3 filed Nov 18, 2008. Section 3.2 Dividend Reinvestment
On or before each Dividend Payment Date, pursuant to its established practice, the Depositary shall remit to the Administrator the Reinvestment Fund for investment on behalf of Reinvesting Accounts in ADS Shares purchased in the Open Market. The Administrator shall, or if it is not an Independent Agent shall cause an Independent Agent to, purchase in the Open Market the whole number of ADS Shares equal to (a) the amount of the Reinvestment Fund for the relevant Dividend Payment Date divided by (b) the Market Purchase Price applicable to the Dividend Reinvestment for the relevant Dividend Payment Date.
The Administrator shall credit to each Reinvesting Account the relevant Participant’s proportionate interest in the ADS Shares so purchased. The total cost incurred by the Reinvesting Account for this purchase will be the Market Purchase Price multiplied by the number of ADS Shares so credited.
Section 3.2 Dividend Reinvestment On or before each Dividend Payment Date, pursuant to its established practice, the Depositary shall remit to the Administrator the Reinvestment Fund for investment on behalf of Reinvesting Accounts in ADS Shares purchased in the Open Market. The Administrator shall, or if it is not an Independent Agent shall cause an Independent Agent to, purchase in the Open Market the whole number of ADS Shares
The Administrator shall credit to each Reinvesting Account the relevant Participant’s proportionate interest in the ADS Shares so purchased. The total cost incurred by the Reinvesting Account for this purchase will be the Market Purchase Price multiplied by the number of ADS Shares so credited.
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