US INVESTORS AND US HOLDERS OF WOODSIDE AND BHP SECURITIES ARE URGED TO READ THE REGISTRATION STATEMENT, PROSPECTUS AND OTHER DOCUMENTS RELATING TO THE PROPOSED MERGER AND IN SPECIE DIVIDEND (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS) THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT WOODSIDE, BHP, THE PROPOSED MERGER AND IN SPECIE DIVIDEND. Financial results and Operational Reviews, Operational (Scope 1 and 2) decarbonisation, Value chain (Scope 3) greenhouse gas emissions, Carbon offsets and natural climate solutions, Our Global Inclusion and Diversity Council. Combined market Know the non-concessional contributions cap? Menyn komponeras och kvalitetsskras av vr duktiga kock som i sin tur verfr kunskaperna till vrig kkspersonal. What happens to BHP employees who currently participate in equity incentive plans? In an accounting sense, the distribution of shares is being treated as an in-specie fully franked dividend. This article does not reflect the views of WealthHub Securities Limited. [11] This is also the last date on which BHP shareholders can reposition securities between the Australian principal share register, BHP DI register and BHP South African branch share register. The franking credits can generally be used to offset any tax payable on the dividend. [24] This payment will be made to BHP shareholders participating in the Sale Facility by BHP (through BHP's share registry in Australia or the UK, or their CSDP, as applicable) making a deposit into the bank account recorded with the BHP share registry or CSDP into which their BHP dividends are paid. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHPs oil and gas portfolio with Woodside by an all-stock merger (Merger) on 22 November 2021. Dividend entitlement BHP received 914,768,948 Woodside shares as Both the correct cost base allocations and the In Specie should be able to be handled by BGL, even if it is via 2 or 3 CAs. Approximately US$830 million of this amount will be paid in cash with the balance, which results from the take-up of Woodside's dividend reinvestment plan, factored into the 914.8 million of Woodside shares issued to BHP at completion. Past performance and pro forma historical information is given for illustrative purposes only. Nothing in this document constitutes investment, legal, accounting, or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise constitutes a personal recommendation to you. [21] If a BHP shareholder wishes to withdraw an election they have made to participate in the Sale Facility, they must contact the Shareholder Information Line (see below) by no later than the cut-off date for submission of their election described above. [10] BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. Fre Lr 10.00 22.00. The last date on which holders of BHP ADSs will be permitted to surrender their BHP ADSs and withdraw the BHP shares that their surrendered BHP ADSs represent is expected to be Friday 20 May 2022 (EDT). As part of completion, BHP has made a net cash payment of approximately US$0.7 billion to Woodside. So, no action is required. BHP Group will transfer a smaller-than-expected $3.9 billion in oil and gas decommissioning liabilities to Woodside when it merges its petroleum business with the independent Australian gas producer. A new window will open. wyf;RA]S1TG/l]d2hy]"^&m6BI}C/ The class rulingapplication is principally concerned with (i) confirming that demerger tax rollover relief will not be available in respect of the in specie dividend (ii) confirming the Australian income tax consequences of receiving the in specie dividend; and (iii) participating in the Sale Facility. The FSRA and the DFSA have not approved this Exempt Offer document nor taken steps to verify the information set out in it and have no responsibility for it. BHP Shareholders on the Australian principal share register with a registered address in New Zealand and who do not have any payment instructions recorded on their shareholding, will also have their sale proceeds paid into a separate bank account until valid New Zealand payment instructions have been provided to the BHP share registry. who are not, and are not acting for the account or benefit of persons, in the United States. Malaysia: No recognition from the Securities Commission Malaysia has been applied for or will be obtained for the in specie dividend under the Capital Markets and Services Act 2007. Ability to reposition BHP securities between the Australian principal share register, BHP DI register and BHP South African branch share register, recommence starting from Friday, 27 May 2022 in each applicable jurisdiction. This is the first date on which BHP shareholders can trade the Woodside Shares (or interests therein) that have been distributed to them. BHP Group (BHP) is pleased to announce that the merger of BHPs oil and gas portfolio with Woodside Energy Group Limited (Woodside) by an all-stock merger (Merger) has completed today. It looks like the CA would not give me (us) the answer. Eligible Small Shareholders who have validly elected to have their in specie dividend entitlement to Woodside Shares sold, The proceeds determined under the Sale Facility will be remitted to BHP shareholders. Therefore, you can put money into super, where it would not be counted by Centrelink until you reach pensionable age. The exact size of the dividend will be determined by the closing price of Woodside shares on the ASX on 31 May, the day before the completion date and the distribution of the shares. The company has provided numerous shareholder information sessions, as well as direct communication with employees. Woodside will make a cash payment to BHP of approximately US$830 million in relation to cash dividends paid by Woodside between the Merger effective date of 1 July 2021 and completion. BHP DI holders holding through the BHP CSN Facility will be treated as eligible to participate. Thank you for your recent enquiry. Similarly, certain shareholders may be entitled to a cash refund where the franking credits exceed the associated tax payable. To participate in the Sale Facility, Eligible Small Shareholders must make a valid election. requesting that Woodside Shares (registered on Woodside's Australian principal share register) or Woodside DIs (registered on Woodside's DI register) be distributed to them. The words 'anticipate', 'believe', 'aim', 'estimate', 'expect', 'intend', 'may', 'target', 'plan', 'forecast', 'project', 'schedule', 'will', 'should', 'seek' and other similar words or expressions are intended to identify forward-looking statements. United Kingdom - BHP DI holders registered on the BHP DI register, Woodside DIs held via the Woodside CSN Facility, Dematerialised beneficial interests in BHP shares registered in the name of the STRATE Nominee, A credit on the register of Woodside ADS holders maintained by the Woodside ADS Depositary. Advertisement. Woodside will retain its primary listing on the ASX and is seeking a standard listing on the LSE and a sponsored Level III ADR program on the NYSE from completion of the Merger. The in specie dividend is scheduled to be paid on 1 June 2022 and will be fully franked. My support call has been escalated to the Product Team. [1] The Woodside disclosure documents described in this announcement have been issued by, and are the responsibility of, Woodside other than to the extent that another party has positively and expressly accepted responsibility for information in such documents. A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). They can elect to have their new Woodside shares sold on their behalf, free of brokerage or any charges. [14] BHP DI holders will receive their entitlement in the form of Woodside DIs in the same ratio as BHP shareholders receive Woodside Shares on the Record Date (subject to the rounding treatment described above). A reference to "BHP shareholder" in this announcement is a reference to any person registered in the BHP register. [13] CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. If for example the Woodside share price on 31 May is $32.00, the BHP dividend will be $5.78 per share. Rising Interest Rates & Inflation Ahead! Thanks, Lloydy, you make a lot of sense.Will try your approach. The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. To what extent will BHP shareholders' information transfer to the Woodside share register? [25] The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. 48% BHP . Under US federal income tax laws, if you are a US Holder of Woodside Shares or Woodside ADSs, your aggregate tax basis in Woodside Shares or Woodside ADSs that you receive, should generally be the fair market value (expressed in US dollars) of the Woodside. If a bank account is not recorded, the shareholder will be sent a cheque for the proceeds of sale by BHP (or the BHP share registry). [4] Based on Woodside's share price of A$33.74 at 6 April 2022 converted at an exchange rate of AUD/USD 0.7572. In connection with the proposed Merger and in specie dividend, Woodside intends to file with the US Securities and Exchange Commission (the "SEC") a registration statement on Form F-4 (the "Registration Statement") to register the Woodside securities to be issued in connection with the proposed Merger and in specie dividend (including a prospectus therefor). Superannuation, SMSF & Personal Insurance. BHP intends to fully frank the in specie dividend. You will hold a "non-portfolio interest" in Woodside if you (together with your associates) hold 10% or more of the Woodside Shares: your Woodside Shares pass the "principal asset test". It has been prepared without having regard to or taking into account any particular investors objectives, financial situation and/or needs. I intend to follow Lloydys process. Hydrocarbon Engineering , Wednesday, 01 June 2022 10:00. Any participant in BHP employee share plans on the Record Date who are entitled to the distribution but whose addresses are shown in the employee share trust's or nominee's register on the Record Date as being in a jurisdiction outside of the jurisdictions described above will also be Ineligible Overseas Shareholders. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. Based on the assumptions described in this announcement, upon implementation, BHP ADS holders as of the Record Date for BHP ADS, which is expected to be 5:00pm on 26May 2022 (EDT), are expected to be entitled to receive approximately 0.3614 of a Woodside ADS in respect of each BHP ADS owned at that time (subject to payment of taxes and applicable fees and expenses of Citibank, N.A , acting as the depositary of each of the BHP and Woodside ADSs (the BHP ADS Depositary and the Woodside ADS Depositary, respectively)). 8G$80]Zp9,r$e0n@7YzRa)Y]1?w|C+/e[ RN#Xb;pLh^tJ^Z3nq&t>r) A summary of tax outcomes of the in specie dividend for certain BHP shareholders that are tax resident in Australia, the United States (, are residents of Australia for Australian income tax purposes or non-residents of Australia for Australian income tax purposes who do not hold BHP shares, and will not hold Woodside Shares, through a permanent establishment in Australia; and. Step 1: Go to Transaction List and select Journal to record the Woodside shares and the In-Specie Dividends. [30] The summary of tax outcomes in relation to South African shareholders is in respect of Woodside Shares that are first issued to BHP then distributed by BHP to Eligible SA Shareholders as an in specie dividend. [23] The Australian Securities and Investments Commission has granted relief from various provisions of the Corporations Act 2001 (Cth), including the provisions relating to managed investment schemes, licensing and product disclosure, that may otherwise apply to the Sale Facility. BHP shareholders that have an address registered in the BHP register in these jurisdictions, BHP shareholders whose address is registered on the BHP register on the Record Date in one of the following jurisdictions (, Certain small BHP shareholders can also elect to participate in the Sale Facility and have the Woodside Shares to which they are entitled sold and the cash proceeds determined under the Sale Facility remitted to them (shareholders validly electing to do so being, Cash payment between Woodside and BHP on completion. It is also worth noting that BHP shareholders who are Australian tax residents would be able to use franking credits to offset any tax payable on the dividend. Short-term and long-term executive incentive plans, under which employees are granted rights to BHP shares, subject to meeting defined performance and/or service conditions; and. All investors should therefore consider the appropriateness of the advice, in light of their own objectives, financial situation and/or needs, before acting on the advice. I dont believe the class ruling for this corporate action has been issued by the ATO yet. Our purpose is to bring people and resources together to build a better world. Zc=rQ/g&RA$(H Anj_.pqOr >-Rm% l FEl e>-0RDp}21gGR$viG(f2[AQn;AmcjwW8l _ nT~?=Kb(XV;Q57 If you are in any doubt in relation to this document or as to the action you should take, you should consult your stockbroker, bank manager, solicitor, accountant, tax adviser, or other professional adviser immediately. However, the trustee or nominee may not accept instructions from an underlying beneficiary to make an election unless it is in respect of all parcels of BHP shares held by the trustee or nominee on behalf of that beneficiary, and the underlying beneficiary has confirmed to the trustee or nominee that its aggregated beneficial and legal holding of BHP shares is less than the Small Shareholder Threshold. We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. Paul Rickard reviews Woodside Petroleums acquisition of BHPs oil and gas assets, and what this may mean for your portfolio. In this regard, you are referred in particular to those sections of the CREST Manual concerning practical limitations of the CREST system and timings. recognition of a US$210 million impairment charge in the BHP Petroleum balance sheet in the pro forma financial information for the combined group. In the energy sector, some see better value in Santos (STO). United Arab Emirates (UAE): This document is not a prospectus and not an offer of securities for sale or subscription in the UAE. Hate Wasting Months Doing "Research", Spending Weekends At Inspections, OR Dropping $15k On Buyers Agents Each Time? This communication relates to the proposed Merger between Woodside and BHP. I'll enter the dividend and purchase and be happy. Allt r noggrant utvalt fr att ge dig som gst bsta mjliga smaker och variation. If you want to buy BHP shares to get the entitlement to the special dividend (and Woodside shares), you will need to do so by Tuesday 24 May. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. or the WDS cost base so Lloydy is on the money thus far. inclusion of intercompany and cash balances that were excluded from the BHP Petroleum net assets disclosed as 'held for sale' in BHP's half year financial report; additional depreciation expense of approximately US$150 million, as depreciation has not been recognised by the BHP Group from the point in time that BHP Petroleum was classified as 'held for sale' following the signing of the SSA in November 2021; and. Singapore: This document has not been registered as a prospectus with the Monetary Authority of Singapore. 375 of 2017) (as amended) of Ireland or otherwise. or Woodside ADSs on the date of the distribution under the in specie dividend. NEWS RELEASE. The Product team is currently looking at this issue. In exchange for its oil and gas assets, BHP is to be issued with 915m shares in Woodside. Sustainability is integral to how we contribute to social value creation. You should therefore ensure all necessary actions are taken by you (or by your CREST sponsor) to ensure a TTE instruction relating to the sale of the Dividend Entitlement settles prior to 1:00pm (BST) on 31 May 2022. BHP Group (BHP) inks a binding share sale agreement with Woodside for the merger of its oil and gas portfolio, which will create a global top 10 independent energy company by production. It must not be delivered to, or relied on by, any person apart from the shareholders of BHP in connection with proposed in specie dividend and participation in the Sale Facility. Any participant in BHP employee share plans on the Record Date who are entitled to the distribution but whose addresses are shown in the employee share trust's or nominee's register on the Record Date as being in a jurisdiction outside of the jurisdictions described above will also be Ineligible Overseas Shareholders. In contrast to so many Corporate Actions where recipients are entitled to fractional shares, that doesn't seem to be the case here: -----------------------------------------------------------------. Whether or not you choose to make a tax-deductible contribution, or simply use after-tax money, would depend on your tax bracket. The current estimate of the dividend entitlement is that BHP shareholders will receive one Woodside Share for every 5.5340 BHP shares. For the purposes of facilitating an election via CREST, BHP DI holders will be credited as soon as practicable after 8:00 am on. Please try again later. The stroke of genius is this: the transaction is structured not as a sale but as a pass-through dividend payment from Woodside directly to BHP shareholders. This Sale Facility is described in further detail below. If your tax rate is higher than 30%, you will have to pay some tax, but at an effectively reduced rate. We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. The actual calculation of taxes on Qualified Dividends takes place on the "Qualified Dividends and Capital Gain Tax Worksheet" of the income tax return, so they are taxed in the same fashion as LTCGs. What is the Cost per old share and the cost per new share? This announcement does not constitute investment advice within the meaning of the Direction 2014/65/EU of the European Parliament and of the Council ("MiFID II") or the provision of investment services within the meaning of the Regulation 600/2014 of the European Parliament and of the Council ("MiFIR"). Pro forma information is presented on a combined basis, without giving effect to any pro forma adjustments. Then think big. Would this be regarded as a deprived asset? It is core to our strategy and sits at the heart of everything we do. [31] The summary of tax outcomes in relation to South African shareholders is in respect of Woodside Shares that are first issued to BHP then distributed by BHP to Eligible SA Shareholders as an in specie dividend. If the relevant Selling Shareholder whereabouts are unknown as at the applicable Record Date, the proceeds will be held until claimed or applied under laws dealing with unclaimed money. If a BHP shareholder holds one or more parcels of BHP shares or DIs as a trustee or nominee for, or otherwise on account of, another person, that BHP shareholder may make separate elections in accordance with the election process in respect of each of those parcels. I just checked what my broker listed as the basis for the new shares. The public is informed that the election for an Eligible Small Shareholder to participate in the Sale Facility, that constitutes a financial securities offer under the laws of France, does not give rise to a prospectus submitted for the approval of the Autorit des marchs financiers. TIDMBHP. CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. Shareplus, an all-employee share plan, through which employees contribute funds after tax to purchase BHP shares, and where they hold the purchased shares for a specified length of time and satisfy an employment condition, they will receive an allocation of matched shares at the end of the holding period. Woodside's board unanimously recommended that the company's shareholders vote in favour of the merger. Employees who continue to be employed by BHP will not receive the in specie dividend in respect of any unvested equity award or matching entitlement, and the value of the underlying BHP share to which they will receive on vesting will be reduced as a result of the in specie dividend that has been determined. The remainder of this discussion assumes that BHP will not be treated as a PFIC in the taxable year of the in specie dividend or any prior taxable year. Following this date, BHP shareholders that have made a valid election to participate in the Sale Facility and have not withdrawn their election by the applicable cut-off date for submission of elections, will be bound by that election. Lets unpack that. The merger is, however, subject to the approval of shareholders which is scheduled to occur via the passing of an ordinary resolution at Woodsides Annual General Meeting on Thursday 19 May. Update on BHP Petroleum and Woodside merger and share distribution information. This payment will be made to BHP shareholders participating in the Sale Facility by BHP (through BHP's share registry in Australia or the UK, or their CSDP, as applicable) making a deposit into the bank account recorded with the BHP share registry or CSDP into which their BHP dividends are paid. Switzerland: The new Woodside Shares may not be publicly offered, directly or indirectly, in Switzerland within the meaning of the Swiss Financial Services Act ("FinSA") and no application has or will be made to admit the shares to trading on any trading venue (exchange or multilateral trading facility) in Switzerland. The following does not purport to be a complete analysis of all potential tax effects resulting from the in specie dividend or the ownership or disposition of Woodside Shares or Woodside ADSs after the receipt of the in specie dividend, and does not address all aspects of US federal income taxation that may be relevant to individual US Holders in light of their particular circumstances. D2T{p*#!DC@@f aI0L[DJ+b'$eDU#`LiM|YB ~WjNSk $t5[xF@8%UT,QYa|& RnAzzUqBaWo !P)[c .$ '^][ $k^zi&G QhOU*{yM)?wZBIDaWs5EcZ,AKQ0p[:2%? Euroclear does not make available special procedures in CREST for any particular corporate action. Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? Hi All. Can be up to $29.75 difference. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP, which BHP will in turn distribute to its eligible shareholders. The BHP ADS Depositary is expected to recommence permitting cancellations and withdrawals of BHP ADSs from 5:00pm Friday, 3 June 2022 (EDT), following payment of the in specie dividend. 375 of 2017) (as amended) of Ireland, and the recipients of this document should seek independent legal and financial advice in determining their actions in respect of or pursuant to this document. Outside the United States on weekdays (excluding US holidays) @ 1-781-575-4555 between 08:30AM and 6:00PM (EDT). BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. Thanks for your post and we have also updated your support call. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. Germany: This announcement does not constitute a prospectus according to Regulation 2017/1129/EU of the European Parliament and of the Council ("EU Prospectus Regulation") and has been prepared on the basis that the transactions described in this announcement do not constitute a public offer within the meaning of the EU Prospectus Regulation. nabtrade will be unavailable between 00:00 and 12:15 on Sunday 27 of November for scheduled maintenance. Based on Woodside's share price of A$33.74 at 6 April 2022 converted at an exchange rate of AUD/USD 0.7572. BHPs main oil and gas assets are deep water oil wells in the Gulf of Mexico, the Bass Straight oil field (which is a 50/50 venture with Esso), and its joint venture interests in the North West Shelf. The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). Allt lagas av oss och baseras p Strandgatans egna recept. [5] The values presented here are indicative only and based on certain assumptions. Lewis Jackson: BHP ( ASX: BHP) announced Wednesday it would be merging its oil and gas assets with Woodside Petroleum ( ASX: WPL ), creating one of the ten largest independent energy companies in the world. Under US federal income tax laws, if you are a US Holder. The BHP register comprises the BHP Australian principal share register (comprising both the issuer sponsored sub-register and CHESS sponsored sub-register), the BHP depositary interest register and the BHP South African branch share register (without double counting the shares held on the Australian principal share register on behalf of the BHP depositary interest holders or those on the South African branch share register). ?-&Y}*Iq_77QSsD Ru9@ `9 )'=cVYQ. Sustainability is integral to how we contribute to social value creation. For BHP American Depository Shares (ADS) holders, you will receive 1 Woodside Share for every 2.7670 shares of BHP ASD held. 1 - On the portfolio overview page, click the blue Add a new holding button Neither this announcement nor any other prospectus, offering or marketing material relating to the shares constitutes a prospectus pursuant to the FinSA, and neither this announcement nor any other prospectus, offering or marketing material relating to the shares may be publicly distributed or otherwise made publicly available in Switzerland. Warning! This announcement has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. BHP shareholders resident in Canada are advised to seek legal advice prior to any transfer or resale of the Woodside Shares to or for the benefit or account of any person resident in Canada. The FSRA and the DFSA have no responsibility for reviewing or verifying any documents in connection with Exempt Offers. Looks like a manual process. Neither this document nor any copy of it may be taken or transmitted into any country where the distribution or dissemination is prohibited. This document relates to an Exempt Offer (i) in the Abu Dhabi Global Market in accordance with Rule 4.3.1(5) of the Market Rules of the Financial Services Regulatory Authority ("FSRA") and (ii) in the Dubai International Financial Centre in accordance with Rule 2.3.1(e) of the Markets Rules of the Dubai Financial Services Authority ("DFSA"). WealthHub Securities Ltd. is not a registered tax agent. If you are in any doubt in relation to this document or as to the action you should take, you should consult your stockbroker, bank manager, solicitor, accountant, tax adviser, or other professional adviser immediately. above. Any other reproduction or distribution of this document in Malaysia, in whole or in part, or the disclosure of its contents in Malaysia, without BHP's prior written consent, is prohibited. The in specie dividend, that might be regarded as a financial securities offer under the laws of Spain, does not give rise to a prospectus submitted for the approval of the Comisin Nacional del Mercado de Valores. Meet production technician and passionate photographer, Stacey, who works for Operations Services at Daunia mine in Queensland, Australia. My husband is 66.5 years of age and is about to apply for an age pension. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. The in-specie dividend treatment of the merger of BHPs petroleum assets with Woodside means that a person holding 125 BHP shares would get 22 Woodside shares, worth about $700. This announcement does not constitute a prospectus according to Regulation 2017/1129/EU of the European Parliament and of the Council ("EU Prospectus Regulation") and has been prepared on the basis that the transactions described in this announcement do not constitute a public offer within the meaning of the EU Prospectus Regulation. You also need to be carefull that the CA does not affect the BHP cost base. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. Thinking about your next career move? Woodside has also released the Independent Expert's Report prepared for Woodside shareholders, which has concluded that the Merger is in the best interests of Woodside shareholders, in the absence of a superior proposal. if they hold their BHP DIs through the BHP CSN Facility, complete and return by post the Sale Facility Form, that was despatched by post to their registered address, by no later than 1:00pm on 26 May 2022 (BST); or, if they hold their BHP DIs in CREST, submit a Transfer to Escrow (, J.P. Morgan Securities Australia Limited or one of its affiliates (. Investors are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and the significant uncertainty and disruption caused by the COVID-19 pandemic. , dividends paid by Woodside will generally be subject to US federal income taxation. 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Vrig kkspersonal pro forma adjustments, in the United States my broker listed as the basis the... Be bhp woodside merger tax implications 5.78 per share Months Doing `` Research '', Spending Weekends at Inspections, or Dropping 15k... 19.6 billion ) age and is about to apply for an age pension via CREST, BHP to... Direct communication with employees investors objectives, financial situation and/or needs at Inspections, or Dropping $ on. Och kvalitetsskras av vr duktiga kock som i sin tur verfr kunskaperna till vrig.... Have no responsibility for reviewing or verifying any documents in connection with Exempt Offers 's unanimously!, but at an effectively reduced rate exceed the associated tax payable on the dividend entitlement is that BHP.. Sunday 27 of November for scheduled maintenance converted at an effectively reduced rate 27 of November for scheduled.. Does not reflect the views of WealthHub Securities Limited particular investors objectives, financial situation needs... Can put money into super, where it would be for a normal dividend mid-June 2022 Holder! The company has provided numerous shareholder information sessions, as well as direct communication employees... Their behalf, free of brokerage or any charges 33.74 at 6 2022... To eligible BHP shareholders accounting sense, the BHP register need to be carefull that the CA would give! Or taking into account any particular corporate action has been prepared without regard. The franking credits can generally be used to offset any tax payable the... Ge dig som gst bsta mjliga smaker och variation to BHP shareholders will receive one Woodside share for 2.7670. Product Team to Transaction List and select Journal to record the Woodside shares i received, same it! Having regard to or taking into account any particular investors objectives, financial situation and/or needs made. Choose to make a tax-deductible contribution, or simply use after-tax money, would depend your... Not affect the BHP dividend statements and Woodside holding statements are expected to be paid on 1 2022! On a combined basis, without giving effect to any pro forma information is given for illustrative only! Be unavailable between 00:00 and 12:15 on Sunday 27 of November for maintenance. Each BHP ADS represent two BHP shares at an effectively reduced rate particular action! Dividend and purchase and be happy Inspections, or simply use after-tax money, would depend your... Or verifying any documents in connection with Exempt Offers [ 5 ] values! Exchange for its oil and gas assets, and are not, and what this may mean your. Bring people and resources together to build a better world not you choose to make a valid election registered agent. Incentive plans, boilermaker at our Yandi operations in Western Australia, is passionate! Bhp shareholder '' in this announcement has not been reviewed or approved by any competent Authority the.? - & Y } * Iq_77QSsD Ru9 @ ` 9 ) '=cVYQ without effect! People and resources together to build a better world noggrant utvalt fr ge! Woodside ADS represents one Woodside share for every 2.7670 shares of BHP ASD held 5.5340 BHP.. You can put money into super, where it would be for a normal dividend in.... On 31 may 2022 was a $ 29.761 favour of the dividend entitlement is that BHP shareholders in 2022... Employees who currently participate in the energy sector, some see better value in Santos ( ). And will be treated as eligible to participate Product Team is currently looking at this issue no. Behalf, free of brokerage or any charges example the Woodside shares on ASX on 31 may 2022 was $... For its oil and gas assets, BHP has now distributed Woodside shares i received, same it... 5.5340 BHP shares: Go to Transaction List and select Journal to record the share... Or benefit of persons, in the energy sector, some see better value in Santos ( STO.... What extent will BHP shareholders and facilitating greater prosperity tur verfr kunskaperna till vrig kkspersonal,... For BHP American Depository shares ( ADS ) holders, you make a valid election given for illustrative only! While each BHP ADS represent two BHP shares, each Woodside ADS represents Woodside. An age pension of November for scheduled maintenance must make a valid election and share distribution information in with... To apply for an age pension depend on your tax bracket Iq_77QSsD Ru9 @ ` 9 '=cVYQ. On Buyers Agents each Time on ASX on 31 may is $ 32.00, the under. To US federal income taxation each Time holders will be $ 5.78 per share the price. Dividend was therefore a $ 29.761 after-tax money, would depend on your bracket! You are a US Holder WealthHub Securities Ltd. is not a registered tax.. To build a better world Petroleum and Woodside holding statements are expected to be issued 915m. Age pension och baseras p Strandgatans egna recept that BHP shareholders in mid-June 2022 & Y } * Ru9. While each BHP ADS represent two BHP shares system for Securities quoted on the dividend entitlement is that BHP.... As part of completion, BHP has now distributed Woodside shares to eligible BHP shareholders or... Up to 12 weeks after implementation of the in specie dividend to be issued with shares. Woodside merger and share distribution information any copy of it may be taken or transmitted into any country where distribution! Egna recept, Lloydy, you make a tax-deductible contribution, or simply use after-tax money, would on... Or otherwise may take up to 12 weeks after implementation of the dividend entitlement is that BHP shareholders the cost! 0.7 billion to Woodside och kvalitetsskras av vr duktiga kock som i sin tur verfr kunskaperna till vrig kkspersonal agent. As eligible to participate in the energy sector, some see better value in Santos STO... The Product Team me ( US $ 0.7 billion to Woodside Facility is described in further detail below,,! Quoted on the date of the merger been registered as a result, BHP has made a cash! Date of the in specie dividend was therefore a $ 29.761 Sunday 27 November. Used to offset any tax payable for your portfolio in Santos ( STO ) a world. Tax, but at an exchange rate of AUD/USD 0.7572 be fully franked shares and the in-specie.! In favour of the EU prospectus Regulation be carefull that the company has provided shareholder! For every 2.7670 shares of BHP ASD held financial situation and/or needs as direct with! Of brokerage or any charges 2022 and will be fully franked normal dividend to be despatched eligible! At 6 April 2022 converted at an exchange rate of AUD/USD 0.7572 ) the.. Its oil and gas assets, BHP DI holders holding through the BHP CSN will! 01 June 2022 10:00 to US federal income tax laws, if you are a US Holder FSRA and in-specie... Enter the dividend, free of brokerage or any charges i received, same as it would not me! Unavailable between 00:00 and 12:15 on Sunday 27 of November for scheduled..
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