| Thu 1 Sep 2005, 9:29 | | Billiton Plc - Notification of Change of Interests |
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Billiton Plc - Notification of Change of Interests of Directors
BHP Billiton Plc
Share Code: BIL
Share: GB0000566504
Notification of Change of Interests of Directors and Persons Discharging
Managerial Responsibilities and Connected Persons
(Australian Stock Exchange Listing Rules Appendix 3Y)
(Listing Rules & Disclosure Rules of the UK Listing Authority)
Name of entities BHP Billiton Limited BHP Billiton Plc
ABN 49 004 028 077 REG NO 3196029
As part of a dual listed company structure, the Group voluntarily notifies all
stock exchanges on which either BHP Billiton Plc or BHP Billiton Limited 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 Australian Stock Exchange (ASX) Listing Rules, the Listing
Rules and Disclosure Rules of the United Kingdom Listing Authority, the
Australian Corporations Act, the United Kingdom Companies Act and the Group`s
Securities Dealing Code.
We (the entities) advise the following information under ASX Listing Rule
3.19A.2, the UK Listing Authority Disclosure Rule 3.1.4 and as agent for the
director / person discharging managerial responsibilities for the purposes of
section 205G of the Australian Corporations Act in accordance with the Group`s
Securities Dealing Code.
Name of director / person Mr M Salamon
discharging managerial
responsibilities
Date of last notice 7 December 2004
Date issuer informed of 30 August 2005
transaction
Date and place of transaction 26 August 2005 on the London Stock Exchange
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
and/or person discharging managerial responsibilities.
Direct or indirect interest Indirect
Nature of indirect interest Mr Salamon has an indirect interest in
(including registered holder and 1,060,475 shares in BHP Billiton Plc. The
the identity of a Connected Person registered holders are KB (CI) Nominees
if applicable) Limited, Gardenview Nominees (Pty) Limited
and Kleinwort Benson (Channel Islands)
Limited as trustees of trusts in which Mr
Salamon is a potential beneficiary.
No. of securities held prior to 1,060,475
change
Class Ordinary fully paid shares of US$0.50 in
BHP Billiton Plc
Number acquired 155,519
Number disposed 63,924
Value/Consideration Exercise @ nil cost
Sale @ GPB 8.15 per share
No. of securities held after 1,152,070
change
Nature of change The exercise of 106,538 Group Incentive
Example: on-market trade, off- Scheme (`GIS`) Performance Shares and
market trade, exercise of options, 48,981 GIS Deferred Shares and the same day
issue of securities under dividend on-market sale of 63,924 Ordinary shares.
reinvestment plan, participation
in buy-back
Any additional information Mr Salamon has a direct interest in 21,849
shares in BHP Billiton Plc.
There is no change to report to the above
holding.
The 91,595 shares retained from the
exercise are registered in the name of
Kleinwort Benson (Channel Islands) Limited.
Mr Salamon, as a director and a person
discharging managerial responsibilities,
also has a notifiable interest under United
Kingdom legislation in 305,046 Ordinary
shares of BHP Billiton Plc, being the
balance of shares held by Billiton ESOP
Trustee Limited as trustee of the Billiton
Employee Share Ownership Trust.
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 (including the -
identity of a Connected Person if
applicable)
Name of registered holder -
(if issued securities)
No. and class of securities to -
which interest related prior to
change (including total percentage
holding)
Interest acquired -
Interest disposed -
Value/Consideration -
Interest after change -
No. and class of securities to -
which interest related after the
change (including total percentage
holding)
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 (including
percentage of issued holding)
Exercise price (if fixed at time -
of grant) or indication that price
is to be fixed at time of exercise
Total number of securities over 193,706 vested GIS Performance Shares
which options or other rights held (ordinary shares of BHP Billiton Plc)
at the date of this notice 89,056 vested GIS Deferred Shares
(including total percentage (ordinary shares of BHP Billiton Plc)
holding) 89,056 maximum number of GIS Performance
Shares (ordinary shares of BHP Billiton
Plc)
80,151 maximum number of GIS Deferred
Shares (ordinary shares of BHP Billiton
Plc)
95,295 shares in BHP Billiton Plc under
the Co-Investment Plan
300,000 maximum number of Performance
Shares (ordinary shares of BHP Billiton
Plc) under the LTIP
----------
847,264 Total
Any additional information This notification is in respect of the
vesting of Performance Shares and Deferred
Shares under the BHP Billiton Plc Group
Incentive Scheme (`GIS`).
The performance conditions attached to the
BHP Billiton Plc GIS were met at the end of
the performance period and consequently
193,706 2002 Performance Shares and 89,056
2003 Deferred Shares vested on 24 August
2005.
Part 4 - Contact details
Name of authorised officers Mr S A Butcher - BHP Billiton Limited
responsible for making this
notification on behalf of the Ms E A Hobley - BHP Billiton Plc
entities
Contact details Mr S A Butcher
Tel: +61 3 9609 3323
Fax: +61 3 9609 4372
Ms E A Hobley
Tel: +44 20 7802 4054
Fax: +44 20 7802 3054
Date: 01/09/2005 08:03:04 AM
Produced by the JSE SENS Department
