hong kong

Capital management program

Completed capital management initiatives


Description Date commenced Date completed Shares repurchased Cost (local currency)  Cost (US$ million)
August 2004 program          
Off-market buy-back of BHP Billiton Limited shares   23 November 2004 180,716,428 A$2,272m US$1,780m 
February 2006 program          
Off-market buy-back of BHP Billiton Limited shares   03 April 2006 95,950,979 A$2,250m US$1,600m 
On-market buy-back of BHP Billiton Plc shares 27 April 2006  16 May 2006  18,820,000  £217m  US$409m 
Total under February 2006 program     114,770,979    US$2,009m 
February 2011 expanded program          
On-market buy-back of BHP Billiton Plc shares  07 September  14 December 243,625,800   £3,012m US$6,002m 
Off-market buy-back of BHP Billiton Limited shares1   26 March 2007   141,098,555 A$3,501m  US$2,817m 
Off-market buy-back of BHP Billiton Limited shares2   11 April 2011  146,899,809  A$6,000m  US$6,340m 
Off-market buy-back of BHP Billiton Plc shares2  16 November 2010 29 June 2011   94,935,748 £2,275m  US$3,677m 
Total under February 2011 expanded program     626,559,912    US$18,836m 
November 2018 program          
Off-market buy-back of BHP Limited shares   17 December 2018  265,839,711  A$7,348m  US$5,220m 
  1. On 23 August 2006, BHP Billiton announced its intention to return US$3 billion to shareholders over the next 18 months through a series of share buy-backs.
    On 7 February 2007, a US$10 billion extension to this program was announced. At that date, 93,435,000 shares in BHP Billiton Plc had been repurchased under the August 2006 program at a cost of US$1.7 billion, leaving US$1.3 billion to be carried forward and added to the February 2007 program.
    On-market purchases of BHP Billiton Plc shares continued until 14 December 2007, when the program was suspended until further notice.

  2. On 15 November 2010, BHP Billiton announced its intention to continue the company's strong track record of returning excess capital to shareholders by reactivating the remaining US$4.2 billion component of its previously suspended US$13 billion buy-back program.
    On 16 February 2011, BHP Billiton announced an expanded total US$10 billion capital management program (which includes the US$4.2 billion reactivated on 15 November 2010) which was completed on 29 June 2011
    .