Company Secretariat
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

September 1, 2005

BHP Billiton Limited
-----------------------------------
(Translation of registrant's name into English)
 
180 Lonsdale Street Melbourne VIC 3000 Australia
-----------------------------------
(Address of principal executive office)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:  [x] Form 20-F   [  ] Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  [ ]
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  [ ]
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:  [ ] Yes    [x] No
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):    n/a 
 

1 September 2005

 

To:

Australian Stock Exchange

cc:

New York Stock Exchange
     

Swiss Stock Exchange
     

JSE Securities Exchange SA
 

London Stock Exchange

  

Deutsche Bank

UBS Zurich

Notification of Change of Interests of Persons Discharging Managerial Responsibilities and Connected Persons

(Listing Rules & Disclosure Rules of the UK Listing Authority)

 

Name of entities

BHP Billiton Limited

BHP Billiton Plc
 

ABN 49 004 028 077

REG NO 3196029

As part of a dual listed company structure, the Group voluntarily notifies all stock exchanges on which either BHP Billiton Plc or BHP Billiton Limited have primary or secondary listings, all those interests of persons discharging managerial responsibilities of both entities in the securities of both entities (and changes to those interests) which are required to be disclosed under the Listing Rules and Disclosure Rules of the United Kingdom Listing Authority and the Group's Securities Dealing Code.

We (the entities) advise the following information under the UK Listing Authority Disclosure Rule 3.1.4 and as agent for the person discharging managerial responsibilities in accordance with the Group's Securities Dealing Code.

Name of person discharging managerial responsibilities

Ms K J Wood

Date of last notice

N/A

Date issuer informed of transaction

25 August 2005

Date and place of transaction

24 August 2005 (place of transaction not applicable)

Part 1 - Change of relevant interests in securities

Included in this Part are:

  • in the case of a trust, interests in the trust made available by the responsible entity of the trust;
  • details of the circumstance giving rise to the relevant interest;
  • details and estimated valuation if the consideration is non-cash; and
  • changes in the relevant interest of Connected Persons of the person discharging managerial responsibilities.

Direct or indirect interest

Direct

Nature of indirect interest

(including registered holder and the identity of a Connected Person if applicable)

-

No. of securities held prior to change

1,033

Class

Ordinary shares in BHP Billiton Limited

Number acquired

10,720 (following exercise of 10,000 Performance Share Plan Performance Rights over 10,720 ordinary shares)

Number disposed

-

Value/Consideration

Nil

No. of securities held after change

11,753

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Exercise of Performance Rights

Any additional information

  

Part 2 - Change of interests in contracts other than as described in Part 3

Included in this Part are:

  • only details of a contract in relation to which the interest has changed; and
  • details and estimated valuation if the consideration is non-cash.

Detail of contract

-

Nature of interest (including the identity of a Connected Person if applicable)

-

Name of registered holder

-

No. and class of securities to which interest related prior to change

-

Interest acquired

-

Interest disposed

-

Value/Consideration

-

Interest after change

-

No. and class of securities to which interest related after the change

-


Part 3 - Change of interests in options or other rights granted by the entities

Included in this Part are only details of options or other rights granted which have changed, save for the total number of securities over which options or other rights are held following this notification.

Date of grant

-

Period during which or date on which exercisable

-

Total amount paid (if any) for the grant

-

Description of securities involved:

class; number

-

Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

-

Part 3 - Change of interests in options or other rights granted by the entities (cont'd)

Total number of securities over which options or other rights held at the date of this notice

          25,846 -      24,110 Vested Performance
                              Rights under the PSP to
                              25,846 ordinary shares of
                              BHP Billiton Limited


           42,219 -      Vested GIS Performance 
                               Shares (ordinary shares of BHP
                               Billiton Limited)


           20,684 -       Vested GIS Deferred Shares
                                (ordinary shares of BHP Billiton
                                Limited)


            20,684 -       maximum number of GIS
                                Performance Shares (ordinary
                                shares of BHP Billiton Limited)


             26,631 -      GIS Deferred Shares (ordinary
                                 shares of BHP Billiton Limited)


             80,000 -       maximum number of Performance
                                 Shares (ordinary shares of BHP
                                 Billiton Limited) under the LTIP

            ----------

            216,064        Total

Any additional information

This notification is in respect of the exercise of 10,000 Performance Rights under the Performance Share Plan (see Part 1) and the vesting of Performance Shares and Deferred Shares under the BHP Billiton Limited Group Incentive Scheme (GIS).

In relation to the vesting, the relevant performance conditions were met and consequently 42,219 Performance Shares and 20,684 Deferred Shares vested on 24 August 2005.

Part 4 - Contact details

Name of authorised officers responsible for making this notification on behalf of the entities

Mr S A Butcher - BHP Billiton Limited

Ms E A Hobley - BHP Billiton Plc - BHP Billiton Plc

Contact details

 

 

Mr S A Butcher Tel: +61 3 9609 3323
Fax: +61 3 9609 4372

Ms E A Hobley Tel: +44 20 7802 4054
Fax: +44 20 7802 3054

 

BHP Billiton Limited ABN 49 004 028 077
Registered in Australia
Registered Office: Level 27, 180 Lonsdale Street Melbourne Victoria 3000
Telephone +61 1300 554 757 Facsimile +61 3 9609 3015

BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place London SW1V 1BH United Kingdom
Telephone +44 20 7802 4000 Facsimile +44 20 7802 4111

                                                                    The BHP Billiton Group is headquartered in Australia

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
    BHP Billiton Limited
     
Date: 1 September 2005 By:

Karen Wood
  Name:  Karen Wood
  Title: Company Secretary