DGAP-News: BP p.l.c.: 2021 AGM poll results

However, we recognise that some shareholders (20.65% of votes cast) chose to support this resolution.\nWe will continue to engage with shareholders on our strategy, targets and aims so as to ensure their views are fully understood.

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Wednesday, May 12, 2021

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English law, United Kingdom company law, Governance, UK Corporate Governance Code, Articles, Academic disciplines, Political science

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However, we recognise that some shareholders (20.65% of votes cast) chose to support this resolution.\nWe will continue to engage with shareholders on our strategy, targets and aims so as to ensure their views are fully understood.
We will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the 2021 AGM.\nAs previously announced, Professor Dame Ann Dowling and Brendan Nelson did not stand for re-election at the AGM.
RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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DGAP-News: BP p.l.c.

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BP p.l.c.: 2021 AGM poll results

12.05.2021 / 19:00

The issuer is solely responsible for the content of this announcement.

BP p.l.c

AGM 2021 poll results

BP p.l.c. held its Annual General Meeting on 12 May 2021 and announces the results of the voting below:

	Votes For	%	Votes Against	%	Total Votes Cast (excluding withheld)	% of issued share capital voted*	Votes Withheld**
Resolution 1: Report and accounts	11,658,091,914	98.57	168,905,789	1.43	11,826,997,703	58.23	90,367,351
Resolution 2: Directors' remuneration report	11,135,068,136	95.20	561,740,530	4.80	11,696,808,666	57.59	220,577,221
Resolution 3 (a): To elect Mr M Auchincloss as a director	11,779,114,964	99.43	66,966,098	0.57	11,846,081,062	58.33	71,273,944
Resolution 3 (b): To elect Mr T Morzaria as a director	11,764,225,393	99.34	77,630,646	0.66	11,841,856,039	58.30	75,498,274
Resolution 3 (c): To elect Mrs K Richardson as a director	11,788,568,396	99.51	58,061,613	0.49	11,846,630,009	58.33	70,709,551
Resolution 3 (d): To elect Dr J Teyssen as a director	11,786,938,495	99.51	57,907,358	0.49	11,844,845,853	58.32	72,508,460
Resolution 3 (e): To re-elect Mr B Looney as a director	11,637,651,838	98.23	210,124,092	1.77	11,847,775,930	58.33	69,587,770
Resolution 3 (f): To re-elect Miss P Daley as a director	11,747,305,190	99.16	99,825,722	0.84	11,847,130,912	58.33	70,223,401
Resolution 3 (g): To re-elect Mr H Lund as a director	11,571,336,811	97.68	274,679,769	2.32	11,846,016,580	58.33	71,338,420
Resolution 3 (h): To re-elect Mrs M B Meyer as a director	11,618,124,973	99.25	87,254,151	0.75	11,705,379,124	57.63	211,975,195
Resolution 3 (i): To re-elect Mrs P R Reynolds as a director	11,623,969,198	98.12	222,686,815	1.88	11,846,656,013	58.33	70,698,300
Resolution 3 (j): To re-elect Sir J Sawers as a director	11,783,254,008	99.47	62,200,616	0.53	11,845,454,624	58.32	71,920,523
Resolution 4: Reappointment of auditor	11,815,390,328	99.68	38,271,500	0.32	11,853,661,828	58.36	63,678,912
Resolution 5: Remuneration of auditor	11,788,155,982	99.53	55,945,495	0.47	11,844,101,477	58.32	73,261,489
Resolution 6: Political donations and political expenditure	11,483,983,651	97.01	353,610,504	2.99	11,837,594,155	58.28	79,764,259
Resolution 7: Renewal of the Scrip Dividend Programme	11,745,736,511	99.27	86,302,941	0.73	11,832,039,452	58.26	85,326,270
Resolution 8: Limited authority to allot shares up to a specified amount	10,907,898,150	92.12	933,200,413	7.88	11,841,098,563	58.30	76,256,215
Resolution 9: Special resolution: Authority to allot a limited number of shares for cash free of pre-emption rights	11,671,861,491	98.73	150,587,870	1.27	11,822,449,361	58.21	94,907,655
Resolution 10: Special resolution: Additional authority to allot a limited number of shares for cash free of pre-emption rights	11,254,658,616	95.18	569,832,734	4.82	11,824,491,350	58.22	92,887,900
Resolution 11: Special resolution: share buyback	11,570,621,952	98.00	236,175,710	2.00	11,806,797,662	58.13	110,581,318
Resolution 12: Special resolution: notice of general meetings	10,855,141,740	91.59	996,734,596	8.41	11,851,876,336	58.35	65,502,914
Resolution 13: Special resolution: Follow This shareholder resolution on climate change targets	2,379,179,781	20.65	9,144,857,306	79.35	11,524,037,087	56.74	393,351,549

* Total voting rights of the shares in issue excluding Treasury shares: 20,310,258,178

Every shareholder has one vote for every ordinary share held and two votes for every £5 in nominal amount of bp preference shares held.

** Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.

Resolution 13

We note that Resolution 13, a shareholder resolution on climate change targets, that the board of directors recommended not to approve, has been rejected by shareholders. However, we recognise that some shareholders (20.65% of votes cast) chose to support this resolution.

We will continue to engage with shareholders on our strategy, targets and aims so as to ensure their views are fully understood. We will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the 2021 AGM.

Board changes

As previously announced, Professor Dame Ann Dowling and Brendan Nelson did not stand for re-election at the AGM. Following the conclusion of the AGM, Tushar Morzaria has been appointed as chair of the audit committee and Karen Richardson has become a member of the audit committee.

This notice is given in fulfilment of the obligations under paragraph 9.6.11R of the Listing Rules.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

12.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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