| Tue 30 Aug 2011, 7:40 | | BIL - BHP Billiton Plc - Notification of Change of interests of persons |
|
BIL
BIBLT
BIL - BHP Billiton Plc - Notification of Change of interests of persons
discharging managerial responsibility
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
Company Secretariat
30 August 2011
Notification of Change of Interests of
Persons Discharging Managerial Responsibility
(Listing Rules & Disclosure and Transparency Rules of the UK Listing Authority)
Name of entities BHP Billiton Limited BHP Billiton Plc
ABN 49 004 028 077 REG NO 3196209
As part of a dual listed company structure, the Group voluntarily notifies all
stock exchanges on which either BHP Billiton Limited or BHP Billiton Plc have
primary or secondary listings, all those interests of directors and persons
discharging managerial responsibilities of both entities in the securities of
both entities (and changes to those interests) which are required to be
disclosed under the Listing Rules and Disclosure and Transparency Rules of the
United Kingdom Listing Authority and the Group`s Securities Dealing document.
We (the entities) advise the following information under the UK Listing
Authority Disclosure and Transparency Rule 3.1.4 and as agent for the person
discharging managerial responsibilities in accordance with the Group`s
Securities Dealing document.
Name of person discharging Mr J M Yeager
managerial responsibilities
Date of last notice 1 April 2011
Date issuer informed of 29 August 2011
transaction
Date and place of transaction 26 August 2011 (Australian Securities
Exchange)
Nature of transaction The acquisition of 225,000 ordinary
shares in BHP Billiton Limited following
the exercise of Performance Shares under
the 2006 Long Term Incentive Plan and
29,877 ordinary shares in BHP Billiton
Limited following the exercise of 2009
Deferred Shares under the Group Incentive
Scheme. In addition, an on-market sale of
92,610 ordinary shares on the Australian
Securities Exchange, made in order to
meet expected tax obligations.
Part 1 - Change of relevant interests in securities
Included in this Part are:
* in the case of a trust, interests in the trust made available by the
responsible entity of the trust;
* details of the circumstance giving rise to the relevant interest;
* details and estimated valuation if the consideration is non-cash; and
* changes in the relevant interest of Connected Persons of the director.
Direct or indirect Direct
interest
Nature of indirect Mr Yeager has an indirect interest in 246
interest ordinary shares in BHP Billiton Limited (held as
(including registered 123 BHP Billiton Limited ADRs) held by
holder) Computershare Nominees on behalf of Shareplus
participants as Acquired Shares under the
scheme. Shareplus is an all employee share
purchase plan of the BHP Billiton Group.
Mr Yeager also holds an indirect interest in
624(1) ordinary shares in BHP Billiton (held as
312 BHP Billiton Limited ADRs) held by Cede &
Company, and they are held on behalf of Mr
Yeager as beneficial owner.
No change to indirect holding.
Date of change 26 August 2011
No. of securities held 263,636 (Direct)
prior to change 870 (Indirect)
Class Ordinary Shares in BHP Billiton Limited
Number acquired 254,877
Number disposed 92,610
Value/Consideration Exercise of 254,877 at nil cost
Sale of 92,610 at $38.81
No. of securities held 425,903 (Direct)
after change 870 (Indirect)
Nature of change The acquisition of 225,000 ordinary shares in
Example: on-market BHP Billiton Limited following the exercise of
trade, off-market Performance Shares under the 2006 Long Term
trade, exercise of Incentive Plan and 29,877 ordinary shares in BHP
options, issue of Billiton Limited following the exercise of 2009
securities under Deferred Shares under the Group Incentive
dividend reinvestment Scheme. In addition, an on-market sale of 92,610
plan, participation in ordinary shares on the Australian Securities
buy-back Exchange, made in order to meet expected tax
obligations.
Any additional Shareplus - correction of administrative
information oversight (see below)
(1) In April 2011 it was reported that 420 BHP Billiton Limited shares
(210 BHP Billiton Limited ADRs) were transferred to Mr Yeager`s indirect
shareholding under the Group`s all employee share plan SharePlus. Due to
an administrative oversight 64 of these shares (32 ADRs) which were held
indirectly by Computershare Nominees were sold to satisfy a tax
obligation but were incorrectly reported in the disclosure notice as
having been transferred to Mr Yeager. The 32 BHP Billiton Limited ADRs
were sold without Mr Yeager`s knowledge on 4 April 2011 at US$97.63 per
ADR and the remaining ADRs were transferred to Mr Yeager`s indirect
shareholding.
Part 2 - Change of interests in contracts other than as described in Part 3
Included in this Part are:
* only details of a contract in relation to which the interest has changed;
and
* details and estimated valuation if the consideration is non-cash.
Detail of contract -
Nature of interest -
Name of registered holder -
(if issued securities)
No. and class of securities to which interest related prior to -
change
Interest acquired -
Interest disposed -
Value/Consideration -
Interest after change -
Part 3 - Change of interests in options or other rights granted by the entities
Included in this Part are only details of options or other rights granted which
have changed, save for the total number of securities over which options or
other rights are held following this notification.
Date of grant -
Period during which or date on which exercisable -
Total amount paid (if any) for the grant -
Description of securities involved: -
class; number
Exercise price (if fixed at time of grant) or indication that -
price is to be fixed at time of exercise
Part 3 - Change of interests in options or other rights granted by the entities
(cont`d)
Total number of securities 637,702 - maximum number of Performance
over which options or other Shares (ordinary shares of BHP Billiton
rights held at the date of Limited) under the LTIP
this notice
31,442 - maximum number Deferred Shares
(ordinary shares of BHP Billiton Limited)
under the GIS
246 - maximum number of Matched
Shares (ordinary shares of BHP Billiton
Limited, held as 123 Limited ADRs) under
Shareplus
_________
669,390 - Total
Any additional information This notification is in respect of an exercise
of vested 2006 Performance Shares (225,000)
under the BHP Billiton Limited Long Term
Incentive Plan and the exercise of vested 2009
Deferred Shares (29,877) under the BHP
Billiton Limited Group Incentive Scheme.
Part 4 - Contact details
Name of authorised officers Libby Joyner - BHP Billiton Limited
responsible for making this
notification on behalf of Geof Stapledon - BHP Billiton Plc - BHP
the entities Billiton Plc
Contact details Libby Joyner Tel: +61 3 9609 2339
Fax: +61 3 9609 4372
Geof Stapledon Tel: +44 20 7802 4176
Fax: +44 20 7802 3054
Sponsor: Absa Capital (the investment banking division of Absa Bank Limited,
affiliated with Barclays Capital)
Date: 30/08/2011 07:40:08 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
