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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bhp Group Limited | LSE:BHP | London | Ordinary Share | AU000000BHP4 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
25.00 | 1.13% | 2,232.00 | 2,233.00 | 2,235.00 | 2,238.00 | 2,203.00 | 2,212.00 | 1,328,285 | 16:35:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 54.19B | 12.92B | 2.5513 | 18.03 | 232.96B |
TIDMBHP
RNS Number : 1870M
BHP Group Limited
19 May 2022
NEWS RELEASE
Release Time IMMEDIATE Date 20 May 2022 Release Number 18/22
Determination of in specie dividend in connection with the Woodside Merger
The Board of BHP Group (BHP) has determined to pay to BHP shareholders an in specie dividend in the form of Woodside Petroleum Ltd (Woodside) shares in connection with the merger of BHP's oil and gas portfolio with Woodside (Merger).
The in specie dividend is scheduled to be paid on 1 June 2022 and will be fully franked.
BHP shareholders' entitlement to, and the payment of, the in specie dividend is subject to completion of the Merger.
BHP will receive 914,768,948 Woodside ordinary shares as part of the Merger. Eligible BHP shareholders will receive one newly issued Woodside share for every 5.5340 BHP shares they hold at the close of business on 26 May 2022 (Record Date). Holders of BHP American depositary shares (ADSs) will be entitled to receive one Woodside ADS for every 2.7670 BHP ADS they hold at the Record Date (with each Woodside ADS representing one Woodside share), subject to payment of taxes and applicable fees and expenses.
BHP ADS holders should note that the BHP ADSs will trade with "due bills" from the opening of business in New York on 25 May 2022 until 2 June 2022. BHP ADSs trading with due bills carry the right to receive the Woodside ADSs distributed in connection with the Merger. Ex-dividend trading in the BHP ADSs will commence at the opening of business in New York on 2 June 2022.
The BHP Dividend Reinvestment Plan will not operate in respect of the in specie dividend.
Eligibility to receive Woodside shares and related sale facility
BHP shareholders will be eligible to receive the in specie dividend in the form of Woodside shares if their address on the BHP register is in one of the following jurisdictions: Australia, Canada, Chile, France, Germany, Ireland, Italy, Japan, Jersey, Luxembourg, Malaysia, Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, United Arab Emirates, United Kingdom and United States. Certain South African BHP shareholders may also validly elect to receive Woodside shares in accordance with the instructions previously announced on 8 April 2022.
BHP shareholders with a registered address in any other jurisdiction will generally be 'Ineligible Overseas Shareholders' and instead have their entitlements transferred to a sale agent to be sold in a sale facility. Proceeds are expected to be remitted to them within 12 weeks of completion of the Merger.
Eligible small BHP shareholders holding 1,000 ordinary BHP shares or UK depositary interests or less may also elect to have the Woodside shares they are entitled to receive sold by the sale agent under the sale facility, with payments also expected within 12 weeks of completion of the Merger.
Rounding of entitlements
BHP shareholders will be entitled to a whole number of Woodside shares, with any entitlement to a fraction of a Woodside share being rounded down to the nearest whole share. This includes BHP UK depositary interest holders and shareholders on the BHP South African branch share register.
The arrangements governing the BHP ADS and the BHP Corporate Sponsored Nominee Facility contemplate rounding of entitlements, and the rounding of the in specie dividend will occur according to the terms and conditions of those arrangements.
Further information and key dates
Milestone Time (all dates Time in 2022) zone ================================================ ==================== ========= Last day BHP shares trade on JSE cum-entitlement Monday 23 May SAST to Woodside shares ([1]) ================================================ ==================== ========= Last day BHP shares trade on ASX and Tuesday 24 May AEST, LSE, cum-entitlement to Woodside shares (in each time zone) BST, First day BHP shares trade ex-dividend SAST on JSE ================================================ ==================== ========= First day BHP shares trade ex-dividend Commencement of AEST, on ASX and LSE trading Wednesday BST, EDT BHP ADS commence trading on NYSE with 25 May "due bills" [2] (in each time zone) ================================================ ==================== ========= Sale Facility election deadlines: BHP shareholders on the Australian 5:00pm, Tuesday AEST principal share register 24 May BST BHP DI holders in the BHP CSN Facility 1:00pm, Thursday BST (return form) 26 May BHP DI holders in CREST (submit and 1:00 pm, Tuesday settle Transfer to Escrow instruction) 31 May ================================================ ==================== ========= Record Date for: BHP shareholders on the Australian 7:00pm, Thursday AEST principal share register 26 May SAST BHP shareholders on the South African 5.00pm, Thursday BST branch share register 26 May EDT BHP DI holders on the UK DI register 6:00pm, Thursday BHP ADS holders 26 May 5:00pm, Thursday 26 May ================================================ ==================== ========= South African BHP shareholder or DI holder election deadlines: BHP shareholders on the Australian 5:00pm, Tuesday AEST principal share register 24 May SAST BHP shareholders on the South African 1.00pm, Thursday, BST branch share register 26 May BHP DI holders on the UK DI register 1:00pm, Tuesday 31 May ================================================ ==================== ========= Payment date : Completion 8:00am, Wednesday AEST In specie dividend payment date [3] 1 June AEST 1:30pm, Wednesday BHP ADSs commence trading ex-dividend 1 June EDT on the NYSE Open of business, Thursday 2 June ================================================ ==================== ========= Commencement of normal trading of: ([4]) Thursday 2 June AEST New Woodside shares on ASX Thursday 2 June EDT New Woodside ADSs on NYSE Monday 6 June BST Woodside shares (settled using Woodside DIs) on LSE ================================================ ==================== ========= Despatch of statements: Issuer sponsored holding statements Thursday 9 June AEST and CHESS allotment confirmation notices (sent by Woodside) Thursday 16 June BST Woodside CSN holding statements in respect of new Woodside Shares (sent Thursday 16 June BST by Woodside) Friday 17 June AEST Despatch of dividend distribution statements for the DI register Despatch of dividend distribution statements for the Australian principal share register ================================================ ==================== =========
All dates and times may be subject to change without notice or consultation.
Shareholders should contact Computershare or their nominee or broker for further information regarding the dividend, their eligibility and the expected rounding treatment.
Authorised for lodgement by:
Stefanie Wilkinson
Group Company Secretary
Media Relations Investor Relations Email: media.relations@bhp.com Email: investor.relations@bhp.com Australia and Asia Australia and Asia Gabrielle Notley Tel: +61 3 9609 3830 Dinesh Bishop Mobile: +61 411 071 715 Mobile: +61 407 033 909 Europe, Middle East and Africa Neil Burrows Tel: +44 20 7802 7484 Europe, Middle East and Africa Mobile: +44 7786 661 683 Americas James Bell Tel: +44 2078 027 144 Renata Fernandez Mobile: +44 7961 636 432 Mobile: +56 9 8229 5357 Americas Sabrina Goulart Mobile: +1 832 781 6698 BHP Group Limited ABN 49 004 028 077 LEI WZE1WSENV6JSZFK0JC28 Registered in Australia Registered Office: Level 18, 171 Collins Street Melbourne Victoria 3000 Australia Tel +61 1300 55 4757 Fax +61 3 9609 3015 BHP Group is headquartered in Australia Follow us on social media
Important additional information and where to find it
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the Merger or otherwise, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such securities. No offer of securities in the United States shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. This communication should not be construed in any manner as a recommendation to any reader of this document.
In connection with the Merger, Woodside has filed 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 Merger (including a prospectus therefor). This communication is not a substitute for the Registration Statement or the prospectus or for any other document that Woodside or BHP may file with the SEC in connection with the transaction. 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 TRANSACTION (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 AND THE TRANSACTION. Shareholders will be able to obtain free copies of the Registration Statement, prospectus and other documents containing important information about Woodside and BHP once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of such documents may also be obtained from Woodside and BHP without charge.
This announcement is subject to the same notes, notices, disclaimers and other matters set out under the heading "Disclaimer and important notice" in BHP's announcement dated 8 April 2022.
[1] 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 ability to reposition BHP securities between the Australian principal share register, BHP DI register and BHP South African branch share register, will recommence starting on Friday, 27 May 2022 in each applicable jurisdiction. 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). The BHP ADS depositary is expected to recommence permitting cancellations and withdrawals of BHP ADSs from 5:00pm Monday, 6 June 2022 (EDT).
[2] This announcement provides details regarding the placement of "due bills" for trading of the BHP ADSs on the NYSE, the date on which the BHP ADS depositary is expected to recommence permitting cancellations and withdrawals of BHP ADSs and the date on which BHP ADSs will commence trading on an "ex-dividend" basis, which revises the corresponding information set out in exchange announcement published on 8 April 2022.
[3] The NYSE has advised that the BHP ADSs will trade with "due bills" from the opening of business one day before the ADS Record Date through close of business on the completion date. Accordingly, holders of BHP ADSs who sell their BHP ADSs on or before the payment date will not be entitled to receive the in-specie dividend thereon.
[4] This is the first date on which BHP shareholders can trade the Woodside shares (or interests therein) that have been distributed to them.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
DIVUKUURUAUVAUR
(END) Dow Jones Newswires
May 20, 2022 02:00 ET (06:00 GMT)
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