29th Jun 2007 09:36
BHP Billiton PLC29 June 2007 NEWS RELEASE Release Time IMMEDIATEDate 29 June 2007Number 19/07 PURCHASES OF SHARES IN CLOSE PERIOD BHP Billiton announced today that BHP Billiton Limited ("BHP Billiton" or the "Company") would continue the current on-market buyback of BHP Billiton Plcshares during the close period, from 1 July 2007 to 22 August 2007. The Company has entered into an irrevocable arrangement with an independentthird party which makes its trading decisions in relation to the securities ofthe Company and BHP Billiton Plc independently of, and uninfluenced by, theCompany or BHP Billiton Plc, to purchase on the Company's behalf and withincertain pre-set parameters, ordinary shares in BHP Billiton Plc during theperiod commencing on 1 July 2007 and ending upon the announcement of theCompany's final results for the full year ended 30 June 2007. These sharepurchases will be made on the Company's behalf and in accordance with theirrevocable arrangement during a so-called "Close Period", a period in which theCompany and its directors, officers and employees would normally otherwiserefrain from transacting in BHP Billiton shares. Any share purchases effected pursuant to the irrevocable arrangement will beeffected in a manner consistent with both the general authority vested in BHPBilliton Plc to repurchase shares and Chapter 12 of the Listing Rules, whichrequire that the maximum price paid be limited to no more than 105 per cent ofthe average middle market closing price of BHP Billiton Plc's Ordinary Sharesfor the five dealing days preceding the date of purchase. Further information on BHP Billiton can be found on our Internet site:www.bhpbilliton.com Australia United Kingdom Samantha Evans, Media Relations Mark Lidiard, Investor & Media RelationsTel: +61 3 9609 2898 Tel: +44 20 7802 4156 Mobile: +61 400 693 915 Mobile: +44 7769 934 942email: [email protected] email: [email protected] Jane Belcher, Investor Relations Illtud Harri, Media RelationsTel: +61 3 9609 3952 Tel: +44 20 7802 4195 Mobile: +61 417 031 653 Mobile: +44 7920 237 246email: [email protected] email: [email protected] United States South Africa Tracey Whitehead, Investor & Alison Gilbert, Investor RelationsMedia Relations Tel: SA +27 11 376 2121 or Tel: US +1 713 599 6100 or UK +44 20 7802 4183UK +44 20 7802 4031 Mobile: +44 7769 936 227Mobile: +44 7917 648 093 email: [email protected] Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BHP Group