(Progress of Disclosure) Change in Parent Company
BP Castrol K.K., BP p.l.c., Motion JVCo Limited, Stonepeak Motion Holdco Limited
bp and Castrol-branded products
The sale of a 65% interest in the Castrol business to investment firm Stonepeak as part of the BP Group's business strategy reorganisation
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
BP p.l.c.: 148,959 voting rights (64.9%), as of 30 June 2026
Motion JVCo Limited: 148,959 voting rights (64.9%); Stonepeak Motion Holdco Limited: 148,959 voting rights (64.9%)
No amount stated. We recognise that the change in parent company will have no material impact on our business operations or performance.
The licence agreement with BP p.l.c. will end, but through a sublicense from Castrol Limited, we plan to continue selling products bearing the bp trademarks after completion of the sale. We will promptly disclose any matter requiring disclosure.
The company will promptly announce any matters requiring disclosure that arise in the future.
| Item | Details |
|---|---|
| Event name | (Progress of Disclosure) Change in Parent Company |
| Date of occurrence | The sale was completed on 30 October 2026 (UK time), and the change in parent company occurred on the same date. |
| Date recognized / date notice received | 2 November 2026 (the date on which the Company confirmed completion of the sale) |
| Subject Entity | BP Castrol K.K., BP p.l.c., Motion JVCo Limited, Stonepeak Motion Holdco Limited |
| Target Locations / Products | bp and Castrol-branded products |
| Cause | The sale of a 65% interest in the Castrol business to investment firm Stonepeak as part of the BP Group's business strategy reorganisation |
| Amount of Impact on Business Performance | No amount stated. We recognise that the change in parent company will have no material impact on our business operations or performance. |
| Voting rights ownership percentage before the change | BP p.l.c.: 148,959 voting rights (64.9%), as of 30 June 2026 |
| Voting rights ownership percentage after the change | Motion JVCo Limited: 148,959 voting rights (64.9%); Stonepeak Motion Holdco Limited: 148,959 voting rights (64.9%) |
| Outlook | The licence agreement with BP p.l.c. will end, but through a sublicense from Castrol Limited, we plan to continue selling products bearing the bp trademarks after completion of the sale. We will promptly disclose any matter requiring disclosure. |
| Planned follow-up disclosure | The company will promptly announce any matters requiring disclosure that arise in the future. |
Items this document does not state (14)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As part of the BP Group's business strategy reorganisation, it sold its 65% interest in the Castrol business to investment firm Stonepeak, and the sale has now been completed.