Bhp Billiton Plc - Notification Of Interests Of Di
Share code: BIL
ISIN code: GB0000566504
Under the Billiton Employee Share Ownership Trust all employees of the
Company, including its executive directors, are potential beneficiaries of
the Trust under provisions allowing the Trustee discretion to distribute
excess Trust assets, either on winding up of the Trust or before.
As potential beneficiaries of the Trust, the executive directors, Messrs P M
Anderson and B P Gilbertson have an interest in the balance of the shares in
the Company held in the Trust at any one time. Although such an interest
confers no control over the shares, it requires notification under the
United Kingdom Companies Act where it relates to shares in BHP Billiton Plc.
As part of a dual listed company structure, the Company has agreed to adopt
the better of the existing governance practices between BHP Billiton Plc and
BHP Billiton Limited. As a result, the Company voluntarily notifies to all
Stock Exchanges such interests relating to shares in BHP Billiton Limited as
well as BHP Billiton Plc.
BHP Billiton therefore announces that on 26 November 2001 Billiton ESOP
Trustees Limited, as trustee of the Billiton Employee Share Ownership Trust,
sold 23,473 ordinary shares in BHP Billiton Plc to a participant of the
Company's Restricted Share Scheme. The Company was notified of this
transaction on 27 November 2001.
The executive directors have an interest in the balance held by the Trust of
560,232 shares in the Company following the above transfer.
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