BP » Topics » Failure to pay sums due on shares

These excerpts taken from the BP 6-K filed May 22, 2008.

Failure to pay sums due on shares

33     Any sum (whether on account of the nominal value of the share or by way of premium) which by the terms of issue of a share becomes payable upon allotment or at any fixed date shall for all the purposes of these Articles be deemed to be a call duly made and payable on the date on which by the term of issue the same becomes payable. In case of non-payment all the relevant provisions of these Articles as to payment of interest and expenses, forfeiture or otherwise shall apply as if such sum had become payable by virtue of a call duly made and notified.

Failure
to pay sums due on shares


33     Any
sum (whether on account of the nominal value of the share or by way of premium) which by the terms of issue of a share becomes
payable upon allotment or at any fixed date shall for all the purposes of these Articles be deemed to be a call duly made and payable
on the date on which by the term of issue the same becomes payable. In case of non-payment all the relevant provisions of these
Articles as to payment of interest and expenses, forfeiture or otherwise shall apply as if such sum had become payable by virtue of a
call duly made and notified.



EXCERPTS ON THIS PAGE:

6-K (2 sections)
May 22, 2008
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