NEW YORK, Aug. 1 /CNW/ -- BP p.l.c. (NYSE: BP) today announced plans to
withdraw the listing of its American Depositary Shares from NYSE Arca, Inc.,
formerly the Pacific Exchange. BP p.l.c.'s American Depositary Shares will
continue to be listed on the New York Stock Exchange.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000724/NYM120LOGO )
BP p.l.c. has decided to withdraw its listing from NYSE Arca, Inc. to
streamline operations and eliminate duplicative administrative requirements
inherent with dual listings as a result of the NYSE Group's merger with
Archipelago Holdings, the parent company of NYSE Arca. The withdrawal is
expected to be effective within the next month.
BP p.l.c. does not believe that withdrawing its listing from NYSE Arca,
Inc. will have any impact on the liquidity of its stock. NYSE Arca will
continue to trade BP p.l.c. American Depositary Shares on an unlisted trading
For further information:
For further information: BP p.l.c. Investor Relations: +1-212-451-8136
Web Site: http://www.bp.com