MELBOURNE (dpa-AFX) - BHP Billiton said that the implementation of the demerger of South32 from BHP Billiton was completed today.
The company noted that Shares in South32 Limited have been distributed to eligible BHP Billiton shareholders. The number of South32 ordinary shares on issue was 5,323,762,901 as at 25 May 2015.
Holding statements will be dispatched to shareholders by early June 2015.
Commencement dates for normal settlement trading of South32 shares on the ASX and LSE, in addition to regular way trading of South32 ADSs in the over-the-counter market, are expected to occur as outlined in the Shareholder Circular dated 16 March 2015 in relation to the demerger of South32 by BHP Billiton. Normal settlement trading on the JSE commenced on 18 May 2015.
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