Oil and gas company BP plc (BP.L) Thursday confirmed the allotment and issue of approximately 14.54 million shares of $0.25 each to shareholders who elected to receive shares under the Scrip Dividend Programme as an alternative for the fourth quarter interim dividend for 2012, payable on March 28. BP further said dealings in the shares are expected to begin on March 28.
The company said the allotment includes the election made by the depositary, JPMorgan Chase Bank, in order to issue ADSs to ADS holders who elected to receive ADSs under the Scrip Dividend Programme and added that the shares rank pari passu with the existing shares of the firm.
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