31st Aug 2005 17:36
BHP Billiton PLC31 August 2005 Company Secretariat31 August 2005 To: Australian Stock Exchange cc: New York Stock Exchange Swiss Stock Exchange JSE Securities Exchange SA London Stock Exchange Deutsche Bank UBS Zurich Notification of Change of Interests of Persons Discharging Managerial Responsibilities and Connected Persons (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 allstock exchanges on which either BHP Billiton Plc or BHP Billiton Limited haveprimary or secondary listings, all those interest of persons dischargingmanagerial responsibilities of both entities in the securities of both entities(and changes to those interests) which are required to be disclosed under theListing Rules and Disclosure Rules of the United Kingdom Listing Authority andthe Group's Securities Dealing Code. We (the entities) advise the following information under the UK ListingAuthority Disclosure Rule 3.1.4 and as agent for the person dischargingmanagerial responsibilities in accordance with the Group's Securities DealingCode. Name of person discharging Mr I C Frasermanagerial responsibilitiesDate issuer informed of 30 August 2005transactionDate and place of transaction 24 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 person discharging managerial responsibilities. Direct or indirect interest Direct Nature of indirect interest - (including registered holder and theidentity of a Connected Person ifapplicable)No. of securities held prior to change Nil(including total percentage holding)Class Ordinary fully paid shares of US$0.50 in BHP Billiton PlcNumber acquired (including total 157,233percentage holding)Number disposed (including total 157,233percentage holding)Value/Consideration Exercise @ nil cost Sale @ GPB 8.01 per shareNo. of securities held after change Nil(including total percentage holding)Nature of change Exercise of 108,424 Group Incentive Scheme ("GIS") Performance Shares and 48,809 GIS Deferred Shares followed by same day on-market sale.Example: on-market trade, off-markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back Any additional information - 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 percentageholding)Interest acquired - Interest disposed - Value/Consideration - Interest after change - No. and class of securities to which interest -related after the change (including totalpercentage 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 whichhave changed, save for the total number of securities over which options orother 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 issuedholding)Exercise price (if fixed at time of grant) or -indication that price is to be fixed at time ofexercise Part 3 - Change of interests in options or other rights granted by the entities(cont'd) Total number of securities over which options orother rights held at the date of this notice(including total percentage holding) 108,424 vested GIS Performance shares (ordinary shares of BHP Billiton Plc) 48,809 vested GIS Deferred shares (ordinary shares of BHP Billiton Plc) 48,809 maximum number of Group Incentive Scheme Performance Shares (ordinary shares of BHP Billiton Plc) 42,765 maximum number of Group Incentive Scheme Deferred Shares (ordinary shares of BHP Billiton Plc) 175,000 maximum number of Performance Shares (ordinary shares of BHP Billiton Plc) under the LTIP ---------- 423,807 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 Group Incentive Scheme were met at the end of the performance period and consequently 108,424 Performance Shares and 48,809 Deferred Shares vested on 24 August 2005. Part 4 - Contact details Name of authorised officers responsible for making Mr S A Butcher - BHP Billiton Limitedthis notification on behalf of the entities Ms E A Hobley - BHP Billiton Plc 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 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BHP Group