Frequently asked questions
bp, in partnership with AssetTrace+, has launched an asset reunification programme to reconnect shareholders, or their legal representatives, with unclaimed dividends.
Over time, shareholders may lose touch with bp for various reasons, such as not updating contact details, changes in personal circumstances, or where beneficiaries or executors of estates are unaware of the holdings.
We want to reunite as many shareholders as possible with their lost assets, and have asked AssetTrace+ to contact all shareholders with unclaimed dividends.
If you have received a letter from AssetTrace+ please take action.
Why is this entitlement due?
Legacy cheques that have been issued in respect of dividends paid by bp may have been returned undelivered and/or remain uncashed. Dividend payments may also have been retained where no mandate instruction has been received since bp removed cheques as a payment option. bp has instructed AssetTrace+ to try to find and assist shareholders or their legal representatives with the repatriation of unclaimed amounts to which they may be entitled.
Who are AssetTrace+?
AssetTrace+ is a trading name of MUFG Corporate Markets, bp’s appointed registrar. AssetTrace+ operate a service which helps reunite individuals, or their legal representatives, with unclaimed assets relating to companies in which they are or were a shareholder.
What should I do if I receive a letter from AssetTrace+?
AssetTrace+ will only send a letter to an address at which they are reasonably certain that the shareholder, or their legal representative, now resides. The process is designed to make the recovery of entitlements as easy as possible. Please follow the instructions provided in the letter and either claim your entitlement online or, where required, return the signed and dated form (along with any necessary documents) to AssetTrace+.
What is dividend forfeiture?
The bp Articles of Association permit the forfeiture of unclaimed dividend payments that were declared ten or more years ago, and which remain unclaimed. Therefore, if you do not respond by the deadline specified in the claim letter, outstanding dividend proceeds over ten years old may be forfeited and returned to bp.
What is share forfeiture?
The bp Articles of Association allow certificated shares to be sold on behalf of the shareholder if certain conditions are met, which includes ten years’ worth of inactivity on the shareholding during which no dividend payments have been cashed nor activity/contact made by the shareholder. This means that if you do not respond by the deadline specified on the Sale Notice your shares can be sold, and the proceeds returned to bp along with all associated outstanding dividend payments.
How to contact AssetTrace+
AssetTrace+ is part of MUFG Corporate Markets, bp’s appointed registrar.
If you have received a claim form from AssetTrace+ and have any questions or concerns, please find their contact details below:
Email: reunification@mpms.mufg.com
Telephone: UK 0333 300 1935 or from overseas +44 333 300 1935
Lines are open Monday to Friday, 8.30 am - 5.30 pm UK time excluding public holidays in England and Wales. Calls are charged at the standard geographical rate and will vary by provider. Calls from outside the UK will be charged at the applicable international rate.
Post: AssetTrace+, Central Square, 29 Wellington Street, Leeds, LS1 4DL
For more information about AssetTrace+ please visit assettraceplusclaims.cm.mpms.mufg.com
What should I do if I do not want to use the AssetTrace+ Service?
To make your own arrangements to recover your entitlements please contact the bp registrar, MUFG Corporate Markets. Please be aware that there may also be charges for the services provided by MUFG.
Email: mybpshares@mpms.mufg.com
Telephone: UK 0800 701 107 or from overseas +44 371 277 1014
Lines are open Monday to Friday, 8.30 am - 5.30 pm UK time excluding public holidays in England and Wales. Calls are charged at the standard geographical rate and will vary by provider. Calls from outside the UK will be charged at the applicable international rate.
Post: MUFG Corporate Markets, Central Square, 29 Wellington Street, Leeds LS1 4DL
