7th May 2015 11:28
Company Secretariat
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7 May 2015 |
To: | Australian Securities Exchange | cc: | New York Stock Exchange |
London Stock Exchange | JSE Limited | ||
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DEMERGER DIVIDEND
Name of entities | BHP Billiton Limited | BHP Billiton Plc |
ABN 49 004 028 077 | Registration Number 3196209 |
Following the approval of the proposed demerger of South32 by the shareholders of BHP Billiton Limited and BHP Billiton Plc on 6 May 2015, the BHP Billiton Board today resolved to approve the in-specie distribution of South32 Limited (ABN 84 093 732 597) shares to shareholders in BHP Billiton Limited and BHP Billiton Plc as described in the Shareholder Circular dated 16 March 2015 (the Demerger Dividend).
As a result of the Demerger Dividend, each eligible shareholder will receive one South32 Limited share for each BHP Billiton share held on the applicable record date. Each BHP Billiton ADS holder will receive 0.4 South32 ADSs for each BHP Billiton ADS held on the applicable record date (each South32 ADS representing five South32 Limited shares).
Shareholding | Ex-date | Record date | Distribution date |
BHP Billiton Limited | 18 May 2015 (Melbourne) | 20 May 2015 (Melbourne) | 24 May 2015 (Melbourne) |
BHP Billiton Plc (other than holders of shares dematerialised into Strate) | 18 May 2015 (London) | 19 May 2015 (London) | 25 May 2015 (London) |
BHP Billiton Plc (holders of shares dematerialised into Strate) | 18 May 2015 (Johannesburg) | 22 May 2015 (Johannesburg) | 25 May 2015 (Johannesburg) |
BHP Billiton ADS holders | 18 May 2015 (New York) | 20 May 2015 (New York) | On or about 29 May 2015 (New York) |
A share sale facility has been established for certain eligible shareholders who hold 10,000 or fewer BHP Billiton shares. These shareholders may elect to have all the South32 Limited shares they receive sold by the sale agent with the proceeds remitted to them following the demerger.
South32 Limited shares will not be distributed to ineligible shareholders. Instead, South32 Limited shares which these shareholders would otherwise have been entitled to receive will be transferred to the sale agent to be sold with the proceeds remitted to them following the demerger.
This statement was approved by the BHP Billiton Board.
Jane McAloon
Group Company Secretary
BHP Billiton Limited and BHP Billiton Plc
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209Registered in Australia Registered in England and WalesRegistered Office: 171 Collins Street Melbourne Victoria 3000 Registered Office: Neathouse Place, London SW1V 1LH United Kingdom
The BHP Billiton Group is headquartered in Australia
Related Shares:
BHP Group