7th Jul 2015 07:00
Company Secretariat |
7 July 2015
|
To: | Australian Securities Exchange | cc: | New York Stock Exchange |
London Stock Exchange | JSE Limited | ||
Demerger of South32
Remittance of proceeds to Selling Shareholders and Ineligible Overseas Shareholders
Name of entities | BHP Billiton Limited | BHP Billiton Plc |
ABN 49 004 028 077 | Registration Number 3196209 |
BHP Billiton advises that following completion of the demerger of South32, the sale of the South32 Shares attributable to Selling Shareholders (being Small Shareholders who elected to participate in the Sale Facility) and Ineligible Overseas Shareholders, as detailed in section 7.12 of the Shareholder Circular dated 16 March 2015, has been completed.
Goldman Sachs Australia Pty Limited was engaged as the Sale Agent.
The volume-weighted average price (VWAP) of the South32 Shares sold was A$2.07358452.
The following table details the currency exchange rates applicable to the remittance of proceeds from the sale of the South32 Shares:
VWAP of South32 Shares sold A$2.07358452 | Exchange rate | Price of South32 Share sold in local currency |
US cents | 0.7705 | 159.769687 |
British pence | 0.4895 | 101.501962 |
New Zealand cents | 1.1335 | 235.040805 |
South African cents | 9.3500 | 1938.801526 |
Proceeds will be distributed to participating Small Shareholders and Ineligible Overseas Shareholders on 10 July 2015 in the currency elected in the Selling Shareholder's or Ineligible Overseas Shareholder's standing dividend currency election, or if an election was not made before the relevant Record Date, in the currency in which the Selling Shareholder is paid their BHP Billiton dividend.
Rachel Agnew
Company Secretary
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
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