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BHPBill -- continuation of purchase of shares
BHP Billiton announces that BHP Billiton Limited and BHP Billiton Plc have entered into an irrevocable arrangement with an independent third party which makes trading decisions in relation to the securities of BHP Billiton Plc independently of, and uninfluenced by, BHP Billiton Limited or BHP Billiton Plc. The arrangement allows the independent third party to purchase on BHP Billiton Limited`s behalf and within certain pre-set parameters, ordinary shares in BHP Billiton Plc during the period commencing on 1 January 2011 and ending upon 15 February 2011, a day prior to the announcement of BHP Billiton's interim results for the half year ended 31 December 2010.
These share purchases will be made on BHP Billiton Limited`s behalf and in accordance with the irrevocable arrangement during a so-called "Close Period"; a period in which BHP Billiton and its directors, officers and employees would normally otherwise be prohibited from dealing in BHP Billiton shares. In line with other recent transactions, BHP Billiton Limited`s interest in the shares purchased will then be transferred to BHP Billiton Plc for nil consideration and cancellation by BHP Billiton Plc.
Any share purchases effected pursuant to the irrevocable arrangement will be subject to the terms of the mandate and in any case will be effected in a manner consistent with both the general authority vested in BHP Billiton Plc to repurchase shares and Chapter 12 of the United Kingdom Listing Rules, which require that the maximum price paid be limited to no more than 105 per cent of the average middle market closing price of BHP Billiton Plc`s Ordinary Shares for the five dealing days preceding the date of purchase. Further information on BHP Billiton can be found on our Internet site: www.bhpbilliton.com.
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BHPBil -- board appointment
BHP Billiton Chairman Jac Nasser announced the appointment of a new Non-executive Director, Baroness Shriti Vadera, to the BHP Billiton Board, effective 1 January, 2011.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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