Final Directors Interest Notice

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 to be director	31 December 2019

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 interest 1. Pershing Nominees held jointly by Andrew Mackenzie and Elizabeth Mackenzie, of which Andrew Mackenzie is a beneficiary. 2. Pershing Nominees held jointly by Andrew Mackenzie and Elizabeth Mackenzie, of which Andrew Mackenzie is a beneficiary. 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 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.

Number & class of securities 1. 266,205 ordinary shares in BHP Group Plc 2. 125,228 ordinary shares in BHP Group Limited 3. 1,640,452 4. 77,906

Part 3 - Director's interests in contracts

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

Part 4 - Contact details

Name of authorised officers responsible for making this notification on behalf of the entities	Rachel Agnew
Contact details	Rachel Agnew      Tel:      [phone]                              Fax:     [phone]

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.

 

END

 

 

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