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BHP Billiton CEO sells chunk of shares to satisfy

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BHP Billiton CEO sells chunk of shares to satisfy

Fri, 05 October 2012
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BHP Billiton CEO sells chunk of shares to satisfy
BHP Billiton Quote more

Price: 1,377.50

Chg: 47.50

Chg %: 3.57%

Date: 16:49

FTSE 100 Quote

Price: 6,553.94 Chg: 79.27 Chg %: 1.23% Date: 16:29

The Chief Executive of BHP Billiton, the dual-listed mining titan, has paid off a significant tax obligation resulting from an earlier long-term incentive bonus with the sale of both UK- and Australia-listed shares.

Marius Kloppers, who has held the role of CEO since October 2007, has settled the bill by this week selling 59,913 London-listed shares at 1,913p each for a total of around £1.15m, alongside $3.37m-worth of ASX-listed shares.

The sales enable Kloppers to satisfy the UK tax requirement for the vesting of 245,000 shares under a 2007 long-term incentive scheme earlier this week. The CEO also acquired 54,831 ordinary shares following the exercise of deferred shares under the 2010 Group Incentive Scheme.

Last month the company announced that it was freezing the salaries of its senior management this year “in recognition of the prevailing business climate".

BHP was also in the news this week following reports that it is in talks with Petrobras to buy a stake in the Brazilian energy giant's Gulf of Mexico oil fields.


Top Director Buys

Frontier Mining Ltd (DI) (FML)
Director name: Mr George Neville Ralph Cole
Amount purchased: 1,500,000 @ 4.30p
Value: £64,500

Synety Group (SNTY)
Director name: Mr Simon Cleaver
Amount purchased: 25,000 @ 80.00p
Value: £20,000

Brightside Group (BRT)
Director name: Dr Dr Christopher E Fay
Amount purchased: 65,000 @ 24.00p
Value: £15,600

GLOBO (GBO)
Director name: Mr Dimitrios Gryparis
Amount purchased: 50,000 @ 24.00p
Value: £12,000

GLOBO (GBO)
Director name: Mr Gerasimos (Makis) Bonanos
Amount purchased: 50,000 @ 24.00p
Value: £12,000

Asian Plantation Ltd. (DI) (PALM)
Director name: Mr Datuk Amar Leonard Linggi Jugah
Amount purchased: 5,000 @ 235.00p
Value: £11,750


Top Director Sells

Irish Continental Group Units (ICGC)
Director name: Mr Eamonn Rothwell
Amount sold: 900,291 @ € 18.50
Value: € 16,655,384

Entertainment One Ltd. (DI) (ETO)
Director name: Mr Robert Lantos
Amount sold: 1,200,000 @ 157.50p
Value: £1,890,000

Entertainment One Ltd. (DI) (ETO)
Director name: Mr Darren Dennis Throop
Amount sold: 1,100,000 @ 157.50p
Value: £1,732,500

Entertainment One Ltd. (DI) (ETO)
Director name: Mr Patrice Theroux
Amount sold: 1,100,000 @ 157.50p
Value: £1,732,500

Entertainment One Ltd. (DI) (ETO)
Director name: Mr Giles Kirkley Willits
Amount sold: 800,000 @ 157.50p
Value: £1,260,000

Irish Continental Group Units (ICGC)
Director name: Mr Gearoid O'Dea
Amount sold: 44,782 @ € 18.50
Value: € 828,467

Irish Continental Group Units (ICGC)
Director name: Mr Anthony (Tony) Kelly
Amount sold: 9,500 @ € 18.50
Value: € 175,750

Irish Continental Group Units (ICGC)
Director name: Mr John B McGuckian
Amount sold: 2,740 @ € 18.50
Value: € 50,690

NR

FTSE 100 Top Risers

Name Last Chg.% Time
Tullow Oil 425.60 6.85 16:43
Tesco 185.40 5.46 16:55
Randgold Resources Ltd. 4,431.00 4.41 17:03
Morrison (Wm) Supermarkets 176.20 3.65 17:03
BHP Billiton 1,377.50 3.57 17:02

FTSE 100 Top Fallers

Name Last Chg.% Time
TUI AG Reg Shs (Post- 16/12/14)(DI) 1,073.00 -3.25 17:01
SSE 1,624.00 -1.46 17:02
Smiths Group 1,072.00 -1.29 17:03
Sky 891.00 -1.22 16:43
Shire Plc 4,629.00 -1.13 17:15