LONDON (ShareCast) - 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
Email this article to a friend
or share it with one of these popular networks: