REG - BP PLC - Response to Resolution 3 Voting Result at 2025 AGM

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RNS Number : 9265R  BP PLC  21 July 2025

21 July 2025

 

Response to Resolution 3 Voting Result at 2025 Annual General Meeting

 

In accordance with Provision 4 of the UK Corporate Governance Code ('Code'),
BP p.l.c. ('bp') is providing an update to the statement made on 17 April 2025
regarding the voting in relation to Resolution 3 at its Annual General Meeting
held on 17 April 2025 ('AGM').

At the AGM, shareholders strongly supported the Board's recommendation to
approve Resolution 3. However, we recognise that some shareholders (24.28% of
votes cast) voted against the resolution.

Prior to that, on 4 April 2025, bp announced that Helge Lund had informed the
board of his intention to step down in due course and that a succession
process had been initiated.

Since the AGM, bp has engaged with investors in accordance with Provision 4 of
the Code, to obtain insights into the reasons for the voting outcome on
Resolution 3.

These insights have helped to inform the chair succession process which has
been led by Dame Amanda Blanc on behalf of the board. The outcome of this
process was announced earlier today Albert Manifold appointed BP p.l.c. chair
| News and insights | Home
(https://www.bp.com/en/global/corporate/news-and-insights/press-releases/albert-manifold-appointed-bp-plc-chair.html)

 

In line with the Code, a final summary on how the feedback has informed the
board's decisions will be provided in the 2025 Annual Report and Accounts.

 

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