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BIL
BIBLT
BIL - BHP Billiton Plc - Continuation of purchases of shares in close period
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
NEWS RELEASE
Release IMMEDIATE
Time
Date 23 December 2010
Number 34/10
BHP BILLITON PLC - CONTINUATION OF PURCHASES OF SHARES IN CLOSE PERIOD
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
Australia United Kingdom & South Africa
Brendan Harris, Investor Relations Andre Liebenberg, Investor Relations
Tel: +61 3 9609 4323 Mobile: +61 437 Tel: +44 20 7802 4131 Mobile: +44
134 814 7920 236 974
email: Brendan.Harris@bhpbilliton.com email:
Andre.Liebenberg@bhpbilliton.com
Leng Lau, Investor Relations
Tel: +61 3 9609 4202 United Kingdom & Americas
Mobile: +61 403 533 796 Ruban Yogarajah, Media Relations
email: Leng.Y.Lau@bhpbilliton.com Tel: US +1 713 966 2907 or
UK +44 20 7802 4033
Amanda Buckley, Media Relations Mobile: UK +44 7827 082 022
Tel: +61 3 9609 2209 email: Ruban.Yogarajah@bhpbilliton.com
Mobile: +61 419 801 349
email: Amanda.Buckley@bhpbilliton.com
Americas
Kelly Quirke, Media Relations Scott Espenshade, Investor Relations
Tel: +61 3 9609 2896 Tel: +1 713 599 6431
Mobile: +61 429 966 312 Mobile: +1 713 208 8565
email: Kelly.Quirke@bhpbilliton.com email:
Scott.Espenshade@bhpbilliton.com
Fiona Martin, Media Relations
Tel: +61 3 9609 2211
Mobile: +61 427 777 908
email: Fiona.Martin2@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 BHP Billiton Plc Registration number
077 3196209
Registered in Australia Registered in England and Wales
Registered Office: 180 Lonsdale Registered Office: Neathouse Place
Street London SW1V 1BH United Kingdom
Melbourne Victoria 3000 Australia Tel +44 20 7802 4000
Tel +61 1300 55 4757 Fax +44 20 7802 4111
Fax +61 3 9609 3015
Members of the BHP Billiton group which is headquartered in Australia
Date: 24/12/2010 07:05:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
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