Bhp Billiton Plc - Notification Of Interests Of Di
BHP Billiton Plc
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, B P Gilbertson and C W Goodyear 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 4 December 2001 Billiton ESOP
Trustees Limited, as trustee of the Billiton Employee Share Ownership Trust,
transferred 3,805 ordinary shares in BHP Billiton Plc to a participant of
the Company's Co-Investment Plan. The Company was notified of this
transaction on 5 December 2001.
The executive directors have an interest in the balance held by the Trust of
553,699 shares in the Company following the above transfer.
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