BP » Topics » Section 5.4 Share Splits, In-Kind Distributions and Rights Offerings

These excerpts taken from the BP F-3ASR filed Dec 1, 2008.
Section 5.4 Share Splits, In-Kind Distributions and Rights Offerings

Any ADS Shares distributed as an in-kind distribution or share split on Plan Shares shall be credited to Plan Accounts and evidenced by book entry on the records of the Administrator. The Administrator shall credit to each Plan Account the number of ADS Shares which represents the subject Participant’s proportionate interest in the ADS Shares so distributed to the Plan.

 

Any rights distributed in respect of the Ordinary Shares or other Deposited Securities, which are made available to the holders of the ADS Shares pursuant to the Deposit Agreement, shall be allocated to the Plan Accounts of the respective Participants in proportion to the number of Plan Shares held in their Plan Accounts. If any such rights are not made available to the holders of the ADS Shares and are instead disposed of pursuant to the Deposit Agreement, the proceeds of such disposition shall be allocated among and distributed to the Participants in the same manner. All communications in respect of such rights shall be distributed to the Participants pursuant to Section 6.2. The Administrator and the Company may establish additional administrative procedures for such rights as may be required.

 

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Section 5.4 Share Splits, In-Kind Distributions and Rights Offerings



Any ADS Shares distributed as an in-kind distribution or share split on Plan Shares shall be credited to Plan Accounts and evidenced by book entry on the records of the Administrator. The Administrator shall credit to each Plan Account the number of ADS Shares which represents the subject Participant’s proportionate interest in the ADS Shares so distributed to the Plan.



 



Any rights distributed in respect of the Ordinary Shares or other Deposited Securities, which are made available to the holders of the ADS Shares pursuant to the Deposit Agreement, shall be allocated to the Plan Accounts of the respective Participants in proportion to the number of Plan Shares held in their Plan Accounts. If any such rights are not made available to the holders of the ADS Shares and
are instead disposed of pursuant to the Deposit Agreement, the proceeds of such disposition shall be allocated among and distributed to the Participants in the same manner. All communications in respect of such rights shall be distributed to the Participants pursuant to Section 6.2. The Administrator and the Company may establish additional administrative procedures for such rights as may be required.



 






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These excerpts taken from the BP F-3 filed Nov 18, 2008.
Section 5.4 Share Splits, In-Kind Distributions and Rights Offerings

Any ADS Shares distributed as an in-kind distribution or share split on Plan Shares shall be credited to Plan Accounts and evidenced by book entry on the records of the Administrator. The Administrator shall credit to each Plan Account the number of ADS Shares which represents the subject Participant’s proportionate interest in the ADS Shares so distributed to the Plan.

 

Any rights distributed in respect of the Ordinary Shares or other Deposited Securities, which are made available to the holders of the ADS Shares pursuant to the Deposit Agreement, shall be allocated to the Plan Accounts of the respective Participants in proportion to the number of Plan Shares held in their Plan Accounts. If any such rights are not made available to the holders of the ADS Shares and are instead disposed of pursuant to the Deposit Agreement, the proceeds of such disposition shall be allocated among and distributed to the Participants in the same manner. All communications in respect of such rights shall be distributed to the Participants pursuant to Section 6.2. The Administrator and the Company may establish additional administrative procedures for such rights as may be required.

 

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Section 5.4 Share Splits, In-Kind Distributions and Rights Offerings



Any ADS Shares distributed as an in-kind distribution or share split on Plan Shares shall be credited to Plan Accounts and evidenced by book entry on the records of the Administrator. The Administrator shall credit to each Plan Account the number of ADS Shares which represents the subject Participant’s proportionate interest in the ADS Shares so distributed to the Plan.



 



Any rights distributed in respect of the Ordinary Shares or other Deposited Securities, which are made available to the holders of the ADS Shares pursuant to the Deposit Agreement, shall be allocated to the Plan Accounts of the respective Participants in proportion to the number of Plan Shares held in their Plan Accounts. If any such rights are not made available to the holders of the ADS Shares and
are instead disposed of pursuant to the Deposit Agreement, the proceeds of such disposition shall be allocated among and distributed to the Participants in the same manner. All communications in respect of such rights shall be distributed to the Participants pursuant to Section 6.2. The Administrator and the Company may establish additional administrative procedures for such rights as may be required.



 






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