Transcription
Impact of South32 Demergeron Shareplus and Loan SharesThis communication describes the impact of the proposed Demerger of South32by BHP Billiton in May 2015 for participants in BHP Billiton’s all-employee shareplan, Shareplus, and holders of Loan Plan shares.If the Demerger does not proceed, then the operation of the plans will remainas per the original terms and conditions.All dates are indicative only and are subject to change.Information about the Demerger of South32 by BHP Billiton can be foundon the employee portal.Please click on the box below that applies to you.I am continuing with BHP BillitonorI will be part of South32
shareplusthe all employee share plan BackI am continuing with BHP BillitonShareplus 2012Shareplus 2013 and Shareplus 2014Shareplus 2015Shares you have withthe Shareplus NomineeShareplus timeline for employeescontinuing with BHP BillitonLoan SharesSolium contact detailsShareplus terminologyShareplus 2012Matched Shares under Shareplus 2012 will vest on 7 April 2015 as perthe normal schedule, and will be provided in BHP Billiton shares as usual.Further communications on the vesting of Shareplus 2012 will be providedin late March 2015.In all countries other than Australia, Indonesia and Singapore,BHP Billiton is required to withhold taxes on this share income and asa result some of your Matched Shares will be sold and the proceedsremitted by BHP Billiton to the relevant tax authority to cover these taxes.For Singaporean employees, your share income will be reported in yourDecember 2015 IR8A. Australian employees will be sent an AustralianESS Statement, including the share income, in July 2015.Your 2012 Acquired Shares are being held by the Shareplus Nominee, andafter the vesting your Matched Shares will also be held by the ShareplusNominee. As in prior years, you can choose to sell any of these shares atany time, but you should consider the information in the tab Shares youhave with the Shareplus Nominee before you decide whether you wantto sell them prior to the Demerger, or hold them during the Demerger.
shareplusthe all employee share plan BackI am continuing with BHP BillitonShareplus 2012Shareplus 2013 and Shareplus 2014Shareplus 2015Shares you have withthe Shareplus NomineeShareplus timeline for employeescontinuing with BHP BillitonLoan SharesSolium contact detailsShareplus terminologyShareplus 2013 and Shareplus 2014Shareplus 2013 and Shareplus 2014 will vest as per the normalschedule in April 2016 and April 2017 respectively, and will beprovided in the form of BHP Billiton shares.Any Acquired Shares that you have purchased while participatingin these plans will be eligible to receive South32 shares as partof the Demerger as described in the tab Shares you have withthe Shareplus Nominee.Unvested Matched Shares will not be eligible to receive sharesin South32 as part of the Demerger. However, BHP Billiton’s share priceafter the Demerger is expected to be lower than before the Demerger,because some of the BHP Billiton Assets will be part of South32 afterthe demerger. Holders of Unvested Matched Shares will thereforereceive an uplift in the number of BHP Billiton shares provided uponvesting of Shareplus 2013 and Shareplus 2014 Matched Shares.This uplift will reflect the reduction in BHP Billiton’s share pricepost Demerger, and will keep the total value of your entitlementwhole as at the date of the Demerger. The shares provided inrespect of the uplift will be BHP Billiton shares.If you have participated in Shareplus 2013 and also in Shareplus2014, you will receive an Uplift Award 2013 and an Uplift Award 2014.The number of awards in each uplifted award will be calculated usingthe formula below, rounded up to a whole number of awards:BHP Billiton Value South32 ValueBHP Billiton Value-1Number of Unvestedx Matched Shares heldbefore the demergerThe “Value” is based on the volume weighted average price of shares on the first five days followingSouth32’s listing on the ASX on or around 18 May 2015 (subject to any adjustment that the BHP BillitonBoard considers appropriate in the event that the relevant five-day VWAP is reasonably determinedby the BHP Billiton Board to have been distorted by an unforeseen temporary market event unrelatedto either BHP Billiton or South32).The formula above ensures that even though Unvested Matched Shareswill not be eligible to receive shares in South32 as part of the Demergeryou will not be disadvantaged by the Demerger.Continued overleaf
shareplusthe all employee share plan BackI am continuing with BHP BillitonShareplus 2013 and Shareplus 2014 (cont.)Shareplus 2012ExampleShareplus 2013 and Shareplus 2014Sally holds the following:Shareplus 2015- 100 Acquired Shares and 100 Unvested Matched Sharesfrom Shareplus 2013 andShares you have withthe Shareplus Nominee- 75 Acquired Shares and 75 Unvested Matched Sharesfrom Shareplus 2014.Shareplus timeline for employeescontinuing with BHP BillitonIf the BHP Billiton Value was 30 and the South32 Value was 3,then Sally would receive the following Uplift Awards:In relation to Shareplus 2013, Sally will receive an Uplift Award 2013 of:Loan Shares 30 3 30-1x 100 10 awardsSolium contact detailsIn relation to Shareplus 2014, Sally will receive an Uplift Award 2014 of:Shareplus terminology 30 3 30As the two uplift allocations are legally considered to be newemployee equity offers, a participant notification including all of theterms and conditions of the allocations (which are the same as thosefor the related Shareplus awards) and relevant tax information willbe loaded to Shareworks. If for any reason you do not want to receivethe Uplift Awards, you can choose to not accept the awards, butyou will not receive any other compensation for the reduction inthe value of your BHP Billiton Unvested Matched Shares as a resultof the Demerger.Example summarySally’s holdings post demerger will be:Shareplus 2013Acquired Shares100Unvested Matched Shares100Uplift Award10Shareplus 2014-1x 75 8 awardsThe Uplift Award 2013 will vest in April 2016 and the Uplift Award2014 will vest in April 2017, at the same time as the relatedUnvested Matched Shares from Shareplus 2013 and Shareplus 2014.The two uplift allocations will be made in late May 2015, and anotification from Solium will be sent to employees once the awardshave been loaded to the Solium website - Shareworks.Acquired SharesUnvested Matched SharesUplift Award75 75 8(Sally will also receive 100 South32 shares in relation to her Shareplus 2013 AcquiredShare holding and 75 South32 shares in relation to her Shareplus 2014 AcquiredShare holding. The receipt of South32 shares is described in the tab Shares you havewith the Shareplus Nominee)Employees who have participated in Cashplus 2013 and Cashplus 2014will receive a corresponding uplift in the form of cash units.
shareplusthe all employee share plan BackI am continuing with BHP BillitonShareplus 2012Shareplus 2013 and Shareplus 2014Shareplus 2015Shares you have withthe Shareplus NomineeShareplus timeline for employeescontinuing with BHP BillitonLoan SharesSolium contact detailsShareplus terminologyShareplus 2015Enrolment for Shareplus 2015, which typically occurs in April, will bedelayed until October 2015 due to the Demerger. As this delay occursbefore BHP Billiton shareholders will vote on the Demerger in May 2015,it will continue to apply even if the Demerger is not approved. Enrolmentfor Shareplus 2016 will revert to the normal schedule and occur in April2016. All Shareplus 2015 awards will be provided in BHP Billiton shares,and will vest as per the normal schedule in April 2018.October 2015. New enrolments will be able to contribute at “double”the normal contribution rate until May 2016. The total amount thatyou can contribute to Shareplus 2015 will therefore be the same asif you had been able to enrol in April 2015. You will still need to meetthe eligibility criteria (please refer to the Shareplus website for moreinformation under the subheading - Participating in Shareplus, Eligibility).More information on the October 2015 enrolment will be providedto all employees in September 2015.Current Shareplus 2014 participantsEmployees currently participating in Shareplus 2014 will automaticallyroll over into Shareplus 2015 and continue to contribute to Shareplusat their current contribution rate. As per the normal schedule,contributions made to Shareplus to the end of May 2015 willbe applied to Shareplus 2014, and those made from the beginningof June 2015 will be applied to Shareplus 2015.When enrolment opens in October 2015, you will have the opportunityto change the amount you are currently contributing, up to theShareplus 2015 maximum in each country. Contributions to Shareplus2015 will end in May 2016, as per the normal Shareplus schedule.If you do not want to contribute to Shareplus 2015 at your existingShareplus 2014 contribution rate, you can withdraw at any time(by contacting Solium), and re-enrol in Shareplus 2015 as a newparticipant in October 2015 as described below.Employees not participating in Shareplus 2014For employees not currently contributing to Shareplus 2014, there willbe an opportunity to enrol as a new participant in Shareplus 2015 inShareplus 2015 minimum and maximum contribution amountsFor all employees participating in Shareplus 2015, the minimumand maximum contribution amounts will be the same as if enrolmenthad been available in April 2015.These are based on a maximum amount of USD 5,000 and a minimumamount of USD 200, converted for each contribution currency usingforeign exchange rates as at 1 February 2015. The Shareplus 2015contribution limits for each currency will be published in April 2015and will apply for each currency the whole Shareplus 2015 plan year.Current employees participating in Shareplus 2014, whose contributionsautomatically roll over into Shareplus 2015, may need to adjust theircontribution level in October 2015 to remain within the Shareplus 2015minimum and maximum limits (or to take advantage of any increasedmaximum amount available). Contribution rates will be automaticallyadjusted in October 2015 to the Shareplus 2015 maximums whereemployees have elected to automatically contribute at the maximumlimit, with the choice of overriding the auto-maximum enrolmentduring the October 2015 offer period.
shareplusthe all employee share plan BackI am continuing with BHP BillitonShareplus 2012Shareplus 2013 and Shareplus 2014Shareplus 2015Shares you have withthe Shareplus NomineeShareplus timeline for employeescontinuing with BHP BillitonLoan SharesShares you have with the Shareplus NomineeAny Acquired Shares and Vested Matched Shares that you havepurchased or received under Shareplus, and have not since sold, areheld on your behalf by the Shareplus Nominee. All of these shares areordinary shares in BHP Billiton, and will be treated like other ordinaryshares in terms of the Demerger.Matched Share in April 2016 and April 2017 respectively. You onlyneed to continue holding your Shareplus 2013 and Shareplus 2014BHP Billiton Acquired Shares.This has two impacts:1. You can transfer your South32 shares through Shareworksinto your name on the ordinary share register of South32(with Computershare); or1) You will be able to vote on the proposed Demerger in May 2015; and2) You will receive one South32 share for every ordinary BHP Billitonshare that you hold at the time of the Demerger.1) Voting on the Demerger ResolutionSolium contact detailsYou will be able to direct the Shareplus Nominee how to vote on yourbehalf on the proposed South32 Demerger at the relevant BHP BillitonShareholder Meeting. Voting Intention Forms will be made availablethrough Solium to eligible employees from 17 March 2015 and youwill be able to direct your vote either online or via telephone.Shareplus terminology2) In-specie dividend of South32 sharesIf your address on the Solium website is in one of the eligiblecountries below you will receive one South32 share for every share thatthe Shareplus Nominee holds on your behalf. Your South32 shares will bereceived by the Shareplus Nominee during the week of 25 May 2015 andwill be able to be viewed in your Shareworks portfolio later that week.Where you receive South32 shares in relation to Shareplus 2013or Shareplus 2014 Acquired Shares, you do not need to retain theSouth32 shares with the Shareplus Nominee to receive the VestedEligible Countries: Australia, the United Kingdom, South Africa, the United States,Alderney, Canada, Chile, France, Guernsey, Hong Kong, Ireland, Isle of Man, Jersey,Lesotho, Malaysia, Namibia, New Zealand, Singapore and Swaziland.Once received you can take one of two actions with yourSouth32 shares before 31 August 2015:2. You can sell your South32 shares through Shareworks, eitheronline or via telephone.Any transfer or brokerage costs for your transfer or sale(incurred in Shareworks) will be paid for by BHP Billiton.If you do not complete one of these actions before 31 August 2015,your South32 shares will automatically be transferred into yourname on the South32 ordinary share register (with Computershare).Tax information about the provision of South32 shares willbe available on the Shareworks website (https://BHPB.solium.com)and you will be notified by Solium when you are able to viewyour South32 shares.If your address on the Solium website is in any other country,the Shareplus Nominee will receive South32 shares on your behalf,but due to securities and legislative requirements they will not beable to transfer these shares to you. The Shareplus Nominee willinstead sell all of your South32 shares on receipt, and will forwardthe proceeds of the sale to you. Brokerage costs for the sale willbe paid for by BHP Billiton.
shareplusthe all employee share plan BackI am continuing with BHP BillitonShareplus timeline for employees continuing with BHP BillitonShareplus 2012Shareplus 2013 and Shareplus 2014Shareplus 2015March 2015April 2015Shares you have withthe Shareplus NomineeShareplus timeline for employeescontinuing with BHP BillitonWeek of the 17th – Demerger Voting Intention Form available.1st – Shareplus 2015 enrolment deferred to October 2015.7th – Shareplus 2012 vests.6th – Shareholder vote on South32 demerger.May 2015Week of the 18th – Calculation of the Value of BHP Billiton and Value ofSouth32 for the Uplift Awards.Week of the 25th – Receive South32 shares in your Shareworks account.Receive Uplift Awards in relation to Unvested Matched Shares.Loan SharesJune 20151st – Shareplus 2014 contributions rollover, and are applied to Shareplus 2015.August 201531st – Last day to transfer or sell South32 shares in Shareworks, before they areautomatically released into your name.October 20151st - 30th – Shareplus 2015 enrolment open.April 20161st - 29th – Shareplus 2016 enrolment open.Solium contact detailsShareplus terminology7th – Shareplus 2013 vests.May 2016All dates subject to change.31st – Shareplus 2015 contributions end.
shareplusthe all employee share plan BackI am continuing with BHP BillitonShareplus 2012Shareplus 2013 and Shareplus 2014Shareplus 2015Shares you have withthe Shareplus NomineeShareplus timeline for employeescontinuing with BHP BillitonLoan SharesSolium contact detailsShareplus terminologyLoan Shares1995 Loan Shares1997 Loan SharesYou will not be holding any 1995 Loan Shares at the time of theDemerger, because the outstanding loan amount in respect of1995 Loan Shares is repayable before that date. If you have not paidyour loan by 11 May 2015, Computershare will sell enough sharesto cover your loan balance, and deliver your remaining sharesas ordinary fully paid shares.The outstanding loan amount in respect of 1997 Loan Sharesis repayable in October 2017.Individual loan repayment reminders will be sent in March 2015, afterthe March dividend has been applied to the loan balance. If you haveany questions regarding your Loan Shares please contact Computershareat [email protected]) You will receive one South32 share for every 1997 Loan Sharethat you hold at the time of the Demerger.Your 1997 Loan Shares are treated like other ordinary sharesin BHP Billiton in terms of the Demerger. This has two impacts:1) You will be able to vote on the proposed Demerger in May 2015; and1) Voting on the Demerger ResolutionYou will receive a Voting Form from Computershare from17 March 2015 for the BHP Billiton Limited Shareholder Meeting.2) In-specie dividend of South32 sharesAll holders of 1997 Loan Shares should have an Australian address onthe BHP Billiton share register, and will therefore be eligible to receiveone South32 share for every 1997 Loan Share. The South32 shareswill be allocated to a new South32 account with Computershare.Once you have received your South32 shares you can choose whetherto hold or to sell your South32 shares.
shareplusthe all employee share plan BackI am continuing with BHP BillitonShareplus 2012Shareplus 2013 and Shareplus 2014Shareplus 2015Solium contact detailsIf you have any questions or need any assistance, please contactthe BHP Billiton helpdesk at Solium.By email at [email protected] you have withthe Shareplus NomineeBy telephone:Shareplus timeline for employeescontinuing with BHP Billiton In North America, call toll-free: 1 844 776 1597 – 6:00am to 6:00pm (MST)Loan Shares In Singapore, call toll-free: 800 852 3046 – 10:00am to 4:00pm (AEST) In Australia, call toll-free: 1800 260 907 – 10:00am to 4:00pm (AEST) In United Kingdom, call toll-free: 08000 868 051 – 8:30am to 4:30pm (GMT) In South Africa, call toll-free: 0800 996 687 – 9:00am to 5:00pm (SAST) In Chile, call toll-free: 1 230 020 6895 – 8:00am to 2:00pm (CLST)Solium contact detailsShareplus terminologyIn other locations, call: 1 403 515 3909 – 8:00am to 8:00pm (ET)
shareplusthe all employee share plan BackI am continuing with BHP BillitonShareplus terminologyShareplus 2012Acquired SharesLoan SharesShareplus 2013 and Shareplus 2014All the shares purchased with your contributions from your salary.Vested Matched SharesLoan Shares were offered under the Employee Share Plan (ESP)Loan Scheme until 1997. Current employees may still have 1995and 1997 Loan Shares outstanding. The loans on these Loan Sharesare due for repayment in May 2015 and October 2017 respectively.Shares you have withthe Shareplus NomineeThe shares provided to you when Shareplus vestings occurredin April 2010, April 2011, April 2012, April 2013 and April 2014.In-specie dividendShareplus timeline for employeescontinuing with BHP BillitonUnvested Matched SharesShareplus 2015Loan SharesA dividend paid in-kind (i.e. with shares), rather than with cash.The shares you are yet to receive because the three-year vesting periodhas not finished: Shareplus 2012 Matched Shares – which will be provided in April 2015.Solium contact detailsShareplus terminology Shareplus 2013 Matched Shares – which would normally be providedin April 2016. Shareplus 2014 is the current Shareplus year and your currentcontributions are being used to purchase 2014 Acquired Shares.Shareplus 2014 Matched Shares would normally be providedin April 2017.
shareplusthe all employee share plan BackI will be part of South32Shareplus 2012Shareplus 2013 and Shareplus 2014Shares you have withthe Shareplus NomineeShareplus timeline foremployees moving to South32Loan SharesSolium contact detailsShareplus terminologyShareplus 2012Matched Shares under Shareplus 2012 will vest on 7 April 2015 as perthe normal schedule, and will be provided in BHP Billiton shares as usual.Further communications on the vesting of Shareplus 2012 will be providedin late March 2015.In all countries other than Australia, Indonesia and Singapore, BHP Billitonis required to withhold taxes on the share income and as a result some ofyour Matched Shares will be sold and the proceeds remitted by BHP Billitonto the relevant tax authority to cover these taxes.For Singaporean employees, your share income will be reported in yourDecember 2015 IR8A. Australian employees will be sent an AustralianESS Statement, including the share income, in July 2015.Your 2012 Acquired Shares are being held by the Shareplus Nominee, andafter the vesting your Matched Shares will also be held by the ShareplusNominee. As in prior years, you can choose to sell any of these shares atany time, but you should consider the information in the tab Shares youhave with the Shareplus Nominee before you decide whether you want tosell them prior to the Demerger, or hold them during the Demerger.
shareplusthe all employee share plan BackI will be part of South32Shareplus 2012Shareplus 2013 and Shareplus 2014Shares you have withthe Shareplus NomineeShareplus timeline foremployees moving to South32Loan SharesSolium contact detailsShareplus terminologyShareplus 2013 and Shareplus 2014Shareplus 2013 and Shareplus 2014 would normally vest in April 2016and April 2017, respectively. For employees continuing with South32,the Unvested Matched Shares from Shareplus 2013 and Shareplus2014 will instead vest on or around 7 May 2015 following shareholderapproval of the Demerger.By vesting the awards on this date, the ordinary BHP Billiton sharesthat will arise from the vesting (after sales for withholding taxesas described below) will be held by the Shareplus Nominee on yourbehalf at the time of the Demerger and will be eligible for South32shares (as described in the tab Shares that you have with theShareplus Nominee).Withholding taxes on vesting awardsAs is usual for any Shareplus vesting, for all employees other thanthose in Australia, Indonesia and Singapore, BHP Billiton is required towithhold taxes on the share income from the vesting of Matched Shares.A portion of your Matched Shares will be sold to cover these taxes, andremitted by BHP Billiton to the relevant tax authority.For Singaporean employees, your Share Income will be reported in yourDecember 2015 IR8A. Australian employees will be sent an AustralianESS Statement including the Share Income in July 2015.Tax guides for each country are available on Shareworks andwe strongly urge you to read the guides and be aware of yourtax obligations.ExampleSally holds the following:- 100 Acquired Shares and 100 Unvested Matched Sharesfrom Shareplus 2013 and- 75 Acquired Shares and 75 Unvested Matched Sharesfrom Shareplus 2014.On 7 May 2015, Shareplus 2013 and Shareplus 2014 will vest. Atvesting there is a tax withholding requirement at Sally’s marginaltax rate of 30% on the Vested Matched Shares and the appropriatenumber of shares are sold to cover this obligation.South32 shares are provided to the Shareplus Nominee on 25 May,and allocated to Sally’s Shareworks account. The number of BHPBilliton and South32 shares Sally would receive is as follows:AcquiredSharesUnvestedMatched SharesMatched Sharessold for taxesVested MatchedShares after taxShareplus2013100100100 x 30% 30100 - 30 70Shareplus2014757575 x 30% 2375 - 23 52Total aryshares175--122Note: Australian, Indonesian and Singaporeanemployees would not have tax withheld duringMay 2015 in the above example.Continued overleaf
shareplusthe all employee share plan BackI will be part of South32Shareplus 2012Shareplus 2013 and Shareplus 2014Shares you have withthe Shareplus NomineeShareplus timeline foremployees moving to South32Loan SharesSolium contact detailsShareplus terminologyShareplus 2013 and Shareplus 2014 (cont.)Cashplus 2013 and 2014 participantsThe early vesting of Shareplus 2013 and Shareplus 2014 will also applyto employees who participate in Cashplus, although the value of theAcquired Units and Vested Matched Units will be provided in cash asnormal. The value of these cash units will be determined by the valueof BHP Billiton shares on the vesting date, before the Demerger.Shareplus 2014 contributions from salaryContributions from salary to Shareplus 2014 will cease fromthe week of 25 May 2015. The Demerger will occur prior to thefinal quarterly purchase for Shareplus 2014 (at the end of June 2015),so your contributions from salary in March, April and May 2015will be refunded to you through payroll as soon as practicable,with payments in late June or July 2015 depending on your pay cycle.You can choose to cease your contributions earlier (and have themrefunded), by withdrawing from Shareplus 2014 by contacting Solium,but in this case you would not be able to participate in the June 2015purchase if the Demerger does not go ahead.
shareplusthe all employee share plan BackI will be part of South32Shareplus 2012Shareplus 2013 and Shareplus 2014Shares you have withthe Shareplus NomineeShareplus timeline foremployees moving to South32Loan SharesShares you have with the Shareplus NomineeAny Acquired Shares and Vested Matched Shares that you havepurchased or received under Shareplus, and have not since sold, areheld on your behalf by the Shareplus Nominee. All of these shares areordinary shares in BHP Billiton, and will be treated like other ordinaryshares in terms of the Demerger.This has two impacts:1) You will be able to vote on the proposed Demerger in May 2015; and2) You will receive one South32 share for every ordinary BHP Billitonshare that you hold at the time of the Demerger.1) Voting on the Demerger ResolutionSolium contact detailsShareplus terminologyYou will be able to direct the Shareplus Nominee how to vote on yourbehalf on the proposed South32 Demerger at the relevant BHP BillitonShareholder Meeting. Voting Intention Forms will be made availablethrough Solium to eligible employees from 17 March 2015 and youwill be able to direct your vote either online or via telephone.2) In-specie dividend of South32 sharesIf your address on the Solium website is in one of the eligiblecountries below you will receive one South32 share for every share thatthe Shareplus Nominee holds on your behalf. Your South32 shares will bereceived by the Shareplus Nominee during the week of 25 May 2015 andwill be able to be viewed in your Shareworks portfolio later that week.Tax information about the provision of South32 shares will beavailable on the Shareworks website (https://BHPB.solium.com)Eligible Countries: Australia, the United Kingdom, South Africa, the United States,Alderney, Canada, Chile, France, Guernsey, Hong Kong, Ireland, Isle of Man, Jersey,Lesotho, Malaysia, Namibia, New Zealand, Singapore and Swaziland.and you will be notified by Solium when you are able to viewyour South32 shares.If your address on the Solium website is in any other country,the Shareplus Nominee will receive South32 shares on your behalf,but due to securities and legislative requirements they will not beable to transfer these shares to you. The Shareplus Nominee willinstead sell all of your South32 shares on receipt, and will forwardthe proceeds of the sale to you. Brokerage costs for the sale willbe paid for by BHP Billiton.Transferring or selling your South32 and BHP Billiton sharesYou can take one of two actions with your South32 and BHP Billitonshares before 31 August 2015:1. You can transfer your shares through Shareworks into yourname on the ordinary share register of South32 or BHP Billiton(with Computershare); or2. You can sell your shares through Shareworks, eitheronline or via telephone.Any transfer or brokerage costs for your transfer or sale (incurredin Shareworks) will be paid for by BHP Billiton.If you do not complete one of these actions before 31 August 2015,your shares will automatically be transferred into your name on theSouth32 or BHP Billiton ordinary share register (with Computershare).
shareplusthe all employee share plan BackI will be part of South32Shareplus timeline for employees moving to South32Shareplus 2012Shareplus 2013 and Shareplus 2014Shares you have withthe Shareplus NomineeMarch 2015April 2015Shareplus timeline foremployees moving to South32Loan Shares1st – Shareplus 2015 enrolment deferred to October 2015.7th – Shareplus 2012 vests.6th – Shareholder vote on South32 demerger.May 20157th – Shareplus 2013 and Shareplus 2014 Unvested Matched Shares vest,and some may be sold for tax.Week of the 25th – Receive South32 shares in your Shareworks account.Solium contact detailsShareplus terminologyWeek of the 17th – Demerger Voting Intention Form available.June – July 2015August 2015All dates subject to change.Shareplus 2014 unspent contributions are refunded.31st – Last day to transfer or sell South32 and BHP Billiton sharesin Shareworks before they are automatically released into your name.
shareplusthe all employee share plan BackI will be part of South32Shareplus 2012Shareplus 2013 and Shareplus 2014Shares you have withthe Shareplus NomineeShareplus timeline foremployees moving to South32Loan SharesSolium contact detailsShareplus terminologyLoan Shares1995 Loan SharesYou will not be holding any 1995 Loan Shares at the time of theDemerger, because the outstanding loan amount in respect of 1995Loan Shares is repayable before that date. If you have not paid yourloan by 11 May 2015, Computershare will sell enough shares to coveryour loan balance, and deliver your remaining shares as ordinary fullypaid shares.Individual loan repayment reminders will be sent in March 2015, afterthe March dividend has been applied to the loan balance. If you haveany questions regarding your Loan Shares please contact Computershareat [email protected] Loan SharesYour 1997 Loan Shares are treated like other ordinary sharesin BHP Billiton in terms of the Demerger. This has two impacts:1) You will be able to vote on the proposed Demerger in May 2015; and2) You will receive one South32 share for every 1997 Loan Sharethat you hold at the time of the Demerger.2) In-specie dividend of South32 sharesAll holders of 1997 Loan Shares should have an Australian address onthe BHP Billiton share register, and will therefore be eligible to receiveone South32 share for
be available on the Shareworks website (https://BHPB.solium.com) and you will be notified by Solium when you are able to view your South32 shares. If your address on the Solium website is in any other country, the Shareplus Nominee will receive South32 shares on your behalf, but due to
