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BHP Billiton PLC BLT Notice of Change of Interests - G Kerr

  BHP Billiton PLC (BLT) - Notice of Change of Interests - G Kerr

RNS Number : 7901N
BHP Billiton PLC
03 October 2012




Company
Secretariat
3 October 2012







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    Mr G Kerr
managerial responsibilities
                              
Date of last notice           n/a
Date issuer informed of       3 October 2012
transaction
Date and place of transaction 3 October 2012 (Australian Securities Exchange)

                              
Nature of transaction         The acquisition of 40,000 ordinary shares in BHP
                              Billiton Limited following the exercise of
                              Performance Shares under the 2007 Long Term
                              Incentive Plan, 10,160 ordinary shares in BHP
                              Billiton Limited following the exercise of
                              Deferred Shares under the 2010 Group Short Term
                              Incentive Plan and 21,000 ordinary shares in BHP
                              Billiton Limited following the exercise of
                              Restricted Shares under the 2009 Management
                              Award Plan. In addition, an on-market sale of
                              21,598 ordinary shares on the Australian
                              Securities Exchange, made in order to meet
                              expected tax obligations.



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     Direct
Nature of indirect interest        BHP Billiton Limited

(including registered holder)      Mr Kerr has an indirect interest in 297
                                   ordinary shares in BHP Billiton Limited
                                   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.
Date of change                     3 October 2012
No. of securities held prior to    297 - Indirect
change
                                   5,163 - Direct
Class                              Ordinary Shares in BHP Billiton Limited
Number acquired                    71,160
Number disposed                    21,598
Value/Consideration                Exercise of 71,160 at nil cost

                                   Sale of 21,598 at $33.41 per share
No. of securities held after       297 - Indirect
change
                                   54,725 - Direct
Nature of change                   The acquisition of 40,000 ordinary shares
                                   in BHP Billiton Limited following the
Example: on-market trade,         exercise of Performance Shares under the
off-market trade, exercise of      2007 Long Term Incentive Plan, 10,160
options, issue of securities under ordinary shares in BHP Billiton Limited
dividend reinvestment plan,        following the exercise of Deferred Shares
participation in buy-back          under the 2010 Group Short Term Incentive
                                   Plan and 21,000 ordinary shares in BHP
                                   Billiton Limited following the exercise of
                                   Restricted Shares under the 2009 Management
                                   Award Plan. In addition, an on-market sale
                                   of 21,598 ordinary shares on the Australian
                                   Securities Exchange, made in order to meet
                                   expected tax obligations.
Any additional information         In addition, Mr Kerr has elected to cease
                                   contributions to Shareplus.


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

Part 3 - Change of interests in options or other rights granted by the
entities (cont'd)



Total number of securities  BHP Billiton Limited:
over which options or other
rights held at the date of  
this notice
                            11,963 - maximum number of Deferred Shares
                           (ordinary shares of BHP Billiton Limited) under
                            the GSTIP

                            

                             49,500 - maximum number of MAP Awards (over
                            ordinary shares of BHP Billiton Limited) under the
                            MAP

                            

                             188 - maximum number of matched shares
                            (ordinary shares of BHP Billiton Limited) under
                            Shareplus

                            ________

                             61,651 - Total

                            
Any additional information  This notification is in respect of an exercise of
                            vested 2007 Performance Shares (40,000) under the
                           BHP Billiton Limited Long Term Incentive Plan,
                            vested 2010 Deferred Shares (10,160) under the BHP
                            Billiton Plc Group Short Term Incentive Plan and
                            vested 2009 Restricted Shares (21,000) under the
                            BHP Billiton Plc Management Award Plan.



Part 4 - Contact details



Name of authorised officers          Nicola Evans - BHP Billiton Limited
responsible for making this
notification on behalf of the        
entities
                                     Geof Stapledon - BHP Billiton Plc
Contact details                      Nicola Evans Tel: +61 3 9609
                                     4326

                                      Fax: +61
                                    3 9609 4372

                                    

                                     Geof Stapledon Tel: +44 20 7802
                                     4176

                                      Fax: +44
                                     20 7802 3054

BHP Billiton Limited ABN 49 004 028
077 BHP
Billiton Plc Registration number 3196209
Registered in
AustraliaRegistered
in England and Wales

Registered Office:180 Lonsdale Street, Melbourne Victoria 3000
AustraliaRegistered Office: Neathouse Place, London
SW1V 1BH UK

                                      

 Members of the BHP
Billiton Group which is headquartered in Australia

                                      

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


RDSLIFVSIALVIIF -0- Oct/03/2012 06:00 GMT