1st Apr 2011 07:00
Company Secretariat |
1 April 2011
|
To: | Australian Securities Exchange | cc: | New York Stock Exchange |
London Stock Exchange | JSE Limited |
Notification of Change of Interests of
Persons Discharging Managerial Responsibility
(Listing Rules & Disclosure and Transparency Rules of the UK Listing Authority)
Name of entities | BHP Billiton Limited | BHP Billiton Plc |
ABN 49 004 028 077 | REG NO 3196209 |
As part of a dual listed company structure, the Group voluntarily notifies all stock exchanges on which either BHP Billiton Limited or BHP Billiton Plc 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 Listing Rules and Disclosure and Transparency Rules of the United Kingdom Listing Authority and the Group's Securities Dealing document.
We (the entities) advise the following information under the UK Listing Authority Disclosure and Transparency Rule 3.1.4 and as agent for the person discharging managerial responsibilities in accordance with the Group's Securities Dealing document.
Name of person discharging managerial responsibilities | Mr J M Yeager |
Date of last notice | 8 December 2010 |
Date issuer informed of transaction | 1 April 2011 |
Date and place of transaction | Shareplus employee share plan trust purchased the shares on the New York Stock Exchange on 11 March 2011. The shares were allocated and the issuer informed on 1 April 2011. |
Nature of transaction | Due to the expiry of the Qualification Period and satisfaction of other conditions under the terms of the all employee share plan Shareplus (2008) the: ·; acquisition of 210 Matched Shares ordinary fully paid shares of BHP Billiton Limited (held as 105 BHP Billiton Limited ADRs) (see Part 3), and ·; transfer of 210 Acquired Shares ordinary fully paid shares of BHP Billiton Limited (held as 105 BHP Billiton Limited ADRs). |
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.
Direct or indirect interest | Indirect |
Nature of indirect interest (including registered holder) | Mr Yeager has an indirect interest in 220* ordinary shares in BHP Billiton Limited (held as 110* BHP Billiton Limited ADRs) held by Computershare Nominees on behalf of Shareplus participants as Acquired Shares under the scheme. Shareplus is an all employee share purchase plan of the BHP Billiton Group. Mr Yeager also holds an indirect interest in 688* ordinary shares in BHP Billiton (held as 344 BHP Billiton Limited ADRs) held by Cede & Company, and they are held on behalf of Mr Yeager as beneficial owner.
*Note - total above includes shares allocated and transferred in this transaction (Matched Shares) |
Date of change | 1 April 2011 |
No. of securities held prior to change | 698 ordinary shares in BHP Billiton Limited (held as 349 BHP Billiton Limited ADRs) |
Class | BHP Billiton Limited ADRs |
Number acquired | 210 BHP Billiton Limited (105 BHP Billiton Limited ADRs) |
Number disposed | - |
Value/Consideration | Nil priced Matched Shares (BHP Billiton Limited) |
No. of securities held after change | 908 ordinary shares in BHP Billiton Limited (held as 454 BHP Billiton Limited ADRs) |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Allocation and transfer of Matching Shares and transfer of Acquired Shares from Computershare Nominees. |
Any additional information
| Mr Yeager has a direct interest in 263,636 ordinary shares in BHP Billiton Limited.
There is no change to the above direct holding.
Shareplus is an all-employee share purchase plan. Under the plan, employees contribute monies to purchase shares (Acquired Shares), up to an annual contribution limit of US$5,000 in any Plan year. Shares are purchased on a quarterly basis using the employees' contributions made each pay period over the preceding 3 months. Any Acquired Shares still held by employees at the end of a 3 year qualification period will be matched by the company on a 1:1 basis. |
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
| - |
Name of registered holder (if issued securities) | - |
No. and class of securities to which interest related prior to change | - |
Interest acquired
| - |
Interest disposed
| - |
Value/Consideration
| - |
Interest after change
| - |
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 | - |
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 which options or other rights held at the date of this notice
| 862,702 - maximum number of Performance Shares (ordinary shares of BHP Billiton Limited) under the LTIP
61,319 - maximum number Deferred Shares (ordinary shares of BHP Billiton Limited) under the GIS
220 - maximum number of Matched Shares (ordinary shares of BHP Billiton Limited, held as 110 Limited ADRs) under Shareplus _________ 924,241 - Total
|
Any additional information
| This notification is in respect of the vested Matched Shares under Shareplus where 210 (105 ADRs) Matched Shares under the 2008 scheme were purchased and transferred (see Part 1). |
Part 4 - Contact details
Name of authorised officers responsible for making this notification on behalf of the entities | Libby Joyner - BHP Billiton Limited
Geof Stapledon - BHP Billiton Plc - BHP Billiton Plc |
Contact details
| Libby Joyner Tel: +61 3 9609 2339 Fax: +61 3 9609 4372
Geof Stapledon Tel: +44 20 7802 4176 Fax: +44 20 7802 3054 |
Related Shares:
BHP Group