BHP Bhp Group Limited

TIDMBHP

RNS Number : 0245Z

BHP Group PLC

07 January 2020

 
 
7 January 2020 
 

Retirement of Andrew Mackenzie as Chief Executive Officer and Executive Director

Andrew Mackenzie retired as Chief Executive Officer and Executive Director of BHP Group Limited and BHP Group Plc on 31 December 2019.

ASX Listing Rules Appendix 3Z

Final Director's Interest Notice

 
 Name of entities   BHP Group Limited    BHP Group Plc 
                    ABN 49 004 028 077   REG NO 3196209 
                   -------------------  --------------- 
 

We (the entities) give the ASX the following information under listing rule 3.19A.3 and as agent for the Director for the purposes of section 205G of the Australian Corporations Act.

 
 Name of director            Andrew Mackenzie 
 Date of last notice         22 November 2019 
                            ----------------- 
 Date that director ceased   31 December 2019 
  to be director 
                            ----------------- 
 

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 
 Number & class of securities 
  N/A 
 

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 
      Name of holder & nature of          Number & class of securities 
       interest 
                                           1. 266,205 ordinary shares in BHP 
       1. Pershing Nominees held           Group Plc 
       jointly by Andrew Mackenzie 
       and Elizabeth Mackenzie, 
       of which Andrew Mackenzie 
       is a beneficiary. 
                                           2. 125,228 ordinary shares in BHP 
       2. Pershing Nominees held           Group Limited 
       jointly by Andrew Mackenzie 
       and Elizabeth Mackenzie, 
       of which Andrew Mackenzie 
       is a beneficiary.                   3. 1,640,452 
 
       3. Maximum number of unvested 
       Performance Shares (ordinary 
       shares of BHP Group Limited) 
       under the Long Term Incentive 
       Plan as at the date of this 
       notice. 
       As at 31 March 2020, the 
       date of Andrew's Mackenzie's 
       retirement, the current maximum 
       number of unvested Performance 
       Shares will be reduced from 
       1,640,452 to a maximum of 
       936,656 retained unvested 
       Performance Shares to reflect 
       the period of elapsed employment 
       service in relation to each 
       grant (and 703,796 Performance 
       Shares will lapse). 936,656 
       will then be the maximum 
       number of Performance Shares 
       that may vest - the actual 
       number of Performance Shares 
       that will vest will depend 
       on the satisfaction of the 
       applicable relative total 
       shareholder return performance 
       hurdle. If the performance 
       hurdle is met the Remuneration 
       Committee also conducts a 
       holistic performance review 
       at vesting time and has an 
       overriding discretion under 
       the Long Term Incentive Plan 
       rules to reduce the number          4. 77,906 
       of Performance Shares that 
       vest. Accordingly, the vesting 
       outcome and the number of 
       Performance Shares that will 
       vest is unknown at this time. 
 
       4. Deferred Shares (ordinary 
       shares in BHP Group Limited) 
       under the Short Term Incentive 
       Plan. 
 

Part 3 - Director's interests in contracts

 
 Detail of contract            Nil 
 Nature of interest            N/A 
                              ---- 
 Name of registered holder     N/A 
  (if issued securities) 
                              ---- 
 No. and class of securities   N/A 
  to which interest relates 
                              ---- 
 

Part 4 - Contact details

 
 Name of authorised officers    Rachel Agnew 
  responsible for making this 
  notification on behalf of 
  the entities 
 Contact details                Rachel Agnew Tel: +61 3 9609 3730 
                                 Fax: +61 3 9611 1044 
                               ---------------------------------- 
 

ANDREW MACKENZIE: SECTION 430 (2B) COMPANIES ACT 2006 STATEMENT

BHP Group Limited and BHP Group Plc (collectively, "BHP") confirm that Andrew Mackenzie retired as an Executive Director of the Company on 31 December 2019. The following information is provided in accordance with section 430 (2B) of the UK Companies Act 2006:

BHP's Remuneration Report for the financial year ending 30 June 2020 will include the remuneration earned by Mr Mackenzie during the financial year ending 30 June 2020 in respect of his appointment as Chief Executive Officer and Executive Director of BHP.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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January 07, 2020 07:27 ET (12:27 GMT)

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