Director Shareholding
February 24 2003 - 2:04AM
UK Regulatory
RNS Number:8457H
BHP Billiton PLC
24 February 2003
24 February 2003
To: Australian Stock Exchange cc: New York Stock Exchange
Companies Announcements Office Swiss Stock Exchange
New Zealand Stock Exchange
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Australian Stock Exchange Limited (ASX)
Appendix 3X of the Listing Rules
Initial Notification of Interests of Directors and Connected Persons
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 BHP Billiton Group has agreed to
adopt the better of the existing governance practices between BHP Billiton Plc
and BHP Billiton Limited. As a result, the Group voluntarily notifies all stock
exchanges on which either BHP Billiton Plc or BHP Billiton Limited have primary
or secondary listings, all those interest of directors of both entities in the
securities of both entities (and changes to those interests) which are required
to be disclosed under the ASX Listing Rules, the Listing Rules of the United
Kingdom Listing Authority, the Australian Corporations Act, the United Kingdom
Companies Act and the Group's Securities Dealing Code.
This Initial Notification is filed in consequence of Listing Rules of the ASX
which requires the following information concerning a director on appointment to
that office.
We (the entities) advise the following information under ASX Listing Rule
3.19A.1 and as agent for the director for the purposes of section 205G of the
Australian Corporations Act and otherwise in accordance with the foregoing
policy -
Name of director Mr M Salamon
Date of appointment 24 February 2003
Part 1 - Director's relevant interests in securities of which the director is
the registered holder
In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust.
Number & class of securities
21 849 ordinary shares in BHP Billiton Plc
Part 2 - Director's relevant interests in securities of which the director is
not the registered holder
Included in this Part is:
* 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; and
* the relevant interest of Connected Persons as defined in the United
Kingdom Companies Act, their identity and relationship to the director. The
definition includes spouses and children under 18 years of age.
Name of holder & nature of interest Number & class of securities
Billiton ESOP Trustees Limited as 354 203 ordinary shares in
trustee of the Billiton Employee Share Ownership Trust. Under BHP Billiton Plc
the Trust,
all employees of BHP Billiton Plc, including its executive
directors (of which Mr Salamon is one) are potential
beneficiaries of the Trust under provisions allowing the
Trustee discretion to distribute excess Trust assets, either
on winding up of the Trust or before. The executive directors
therefore have an interest in the balance of the shares in
BHP Billiton Plc held in the Trust at any one time.
Vidacos Nominees Limited as trustee of a family trust of
which the director is a potential beneficiary.
695 502 ordinary shares in
Fenchurch Street Limited as trustee of a family trust of BHP Billiton Plc
which the director is a potential beneficiary.
Gardenview Nominees Limited as trustee of a family trust of 70 389 ordinary shares in
which the director is a potential beneficiary. BHP Billiton Plc
189 543 ordinary shares in BHP Billiton Plc
Part 3 - Director's interests in contracts other than as described in Part 4
Detail of contract -
Nature of interest -
Name of registered holder -
(if issued securities)
No. and class of securities to which interest relates -
Part 4 - Director's interests in options or other rights granted by the entities
Date of grant * Restricted Share Awards under the BHP Billiton Plc
Restricted Share Scheme (RSS)
* 186 200 on 1.10.01
* 11 963 on 22.7.02 (bonus)
* Shares in BHP Billiton Plc under the BHP Billiton Plc
Co-Investment Plan (CIP)
* 24 873 committed shares and 75 861 matching shares
on 1.10.01
* 1 598 committed shares and
4 874 matching shares on 22.7.02 (bonus)
- Shares in BHP Billiton Plc under the BHP Billiton Plc Group
Incentive Scheme (GIS)
* 193 706 on 12.11.02
Period during which or date on which exercisable * Restricted Share Awards under the RSS
- 3 years from date of grant dependant upon company
performance with the potential of three performance
periods
* Shares under the CIP
- subject to performance conditions,
80% of the committed shares are
exercisable 2 years from the date of
grant and 125% of the committed and
matching shares are exercisable
4 years from date of grant
* Shares under the GIS
- 1 July 2005, the number of shares being released
subject to performance conditions
Part 4 - Director's interests in options or other rights granted by the entities
(cont'd)
Total amount paid (if any) for the grant * Restricted Share Awards under the RSS
- Nil
* Shares under the CIP
* #2.74 for each committed share
pre bonus
* Nil for each matching share
Exercise price (if fixed at time of grant) or indication that Nil
price is to be fixed at time of exercise
Total number of securities over which options or other rights 499 075 (RSS 19 863, CIP 107 206 and GIS 193 706) ordinary
held at the date of this notice shares in BHP Billiton Plc (maximum)
Any additional information -
Part 5 - Contact details
Name of authorised officers responsible for making this Mr R V Taylor - BHP Billiton Limited
notification on behalf of the entities
Ms E Hobley - BHP Billiton Plc
Contact details Mr R V Taylor Tel: +61 3 9609 3265
Fax: +61 3 9609 4372
Ms E Hobley Tel: +44 20 7802 4054
Fax: +44 20 7802 3054
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
Registered Office: 600 Bourke Street Melbourne Victoria Registered Office: 1-3 Strand London WC2N 5HA United Kingdom
3000 Telephone +44 20 7747 3800 Facsimile +44 20 7747 3900
Telephone +61 3 9609 3333 Facsimile +61 3 9609 3015
The BHP Billiton Group is headquartered in Australia
This information is provided by RNS
The company news service from the London Stock Exchange
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