Last checked at 7 Jan 2020 12:27
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7 January 2020
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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: +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.