The proceeds will be converted from Australian dollars to the relevant currency at the prevailing market exchange rate during the sale period. Paul has more than 30 years experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. Neither this document nor any copy of it may be taken or transmitted into any country where the distribution or dissemination is prohibited. The distribution ratio is 1 Woodside share for every 5.534 BHP shares owned. Canada: Woodside is not, and does not intend to become, a reporting issuer in Canada. 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. I received 11 shares of WDS and I had a little over 30 shares of BHP. The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). One of Australias biggest corporate mergers is about to take place. No fractional Woodside ADSs will be issued or delivered to holders of BHP ADSs. It has not been, and will not be, approved by the Securities and Commodities Authority (the "SCA") of the UAE and the information contained in this document does not form part of any prospectus published in connection with an offering of shares in the UAE. Which small BHP shareholders can participate in the Sale Facility? WebBHP Group (BHP) and Woodside Energy Group Ltd (WDS) Merger - May 2022 BHP Group (BHP) and Woodside Energy Group Ltd Ltd (WDS) (formerly known as Woodside Petroleum Ltd (WPL)), entered into a share sale agreement for the merger of BHPs oil and gas portfolio with Woodside by an all-stock merger on 22 November 2021. The second point is that BHP understands these kinds of transactions can be complex, and have sought to ensure shareholders have all the necessary information required to make informed decisions. 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 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. 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. As we noted; a brilliant deal, cleverly structured. Build Passive Income WITHOUT A $15k Buyers Agent?? Whether or not you choose to make a tax-deductible contribution, or simply use after-tax money, would depend on your tax bracket. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. I am aged 63, my wife is 60, and we are in no rush to retire. You are advised to acquaint yourself with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly. Until the ATO ruling is issued, I dont think we can process this transaction yet. ?-&Y}*Iq_77QSsD Ru9@ `9 )'=cVYQ. In the main, they feel that Woodside is fairly fully priced, with a consensus target price (according to FN Arena) of $31.13. This relates to the Ruby project and reflects revisions to estimated reserves resulting from technical analysis of well drilling results and performance following project completion in December 2021. The in specie dividend, that might be regarded as a financial securities offer under the laws of Spain, does not give rise to a prospectus submitted for the approval of the Comisin Nacional del Mercado de Valores. BHP is expected to receive 914.8 million newly issued Woodside Shares at completion and determine a fully franked in specie dividend of the Woodside Shares to BHP shareholders. Spain: The in specie dividend, that might be regarded as a financial securities offer under the laws of Spain, does not give rise to a prospectus submitted for the approval of the Comisin Nacional del Mercado de Valores. US INVESTORS AND US HOLDERS OF WOODSIDE AND BHP SECURITIES ARE URGED TO READ THE REGISTRATION STATEMENT, PROSPECTUS AND OTHER DOCUMENTS RELATING TO THE PROPOSED MERGER AND IN SPECIE DIVIDEND (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS) THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT WOODSIDE, BHP, THE PROPOSED MERGER AND IN SPECIE DIVIDEND. '@p9T;889>Fnlh+mD:qDkza`NP`lVO~2;S$^4:l1M^|b# @\rY?ag,#-v*g!]"q5?JKK Z7Pkw8\KjPG^d 6'V. If you originally purchased your BHP shares (for say) $30.00, then after the merger, your cost base is still $30.00. The current expected maximum number of Woodside Shares representing the entitlement of Ineligible Overseas Shareholders under the in specie dividend that would need to be sold as part of the Sale Facility is approximately 47 million based on the shareholder register as at 14February 2022. In lieu of a cash dividend payment, you will receive shares. This document is not intended for distribution. A reference to "BHP shareholder" in this announcement is a reference to any person registered in the BHP register. It has been prepared without having regard to or taking into account any particular investors objectives, financial situation and/or needs. 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. Find out more with a free planning session. On the upside, a person earning less than $45,000 would receive a refund of imputation credits. BHP Group Limited. The Sale Facility is only available to BHP DI holders who meet the Small Shareholder Threshold. to satisfy the "holding period rule", you must have held your BHP shares "at risk" for at least 45 days (not including the days of acquisition and disposal) within the qualification period (which begins on the day after the day on which they are acquired and ends on the 45th day after they become ex-dividend). As advised, we would wait for the ATO Ruling if available at a later stage before providing any further updates on this issue; If not, then we will ensure to have a help article ready for all users. are subject to the "taxation of financial arrangements" provisions in Division 230 of the Income Tax Assessment Act 1997 (Cth). I have $100,000 in a bank account, which Centrelink says it would assess, even though I am not claiming the pension. At this valuation, the in specie dividend is approximately A$5.38 (US$3.86), with A$2.30 (US$1.66) of franking credits being distributed, per BHP share. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. Are there tax implications for BHP shareholders on receipt of Woodside shares. So, no action is required. 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. This information was produced by Switzer Financial Group Pty Ltd (ABN 24 112 294 649), which is an Australian Financial Services Licensee (Licence No. imT:}dZZU}_wAC /@V^u1H]{nNaom3n3Uq< Kz8>MS`O-d%]J$9E!m^|YZI89 BHP retains the right to determine that BHP shareholders in any other jurisdiction in which BHP believes that it is not prohibited or unduly onerous or impractical to transfer or distribute the Woodside Shares are also Eligible Shareholders. South African shareholders should refer to the section on "What happens to South African resident BHP shareholders?". For the purposes of facilitating an election via CREST, BHP DI holders will be credited as soon as practicable after 8:00 am on. Italy: By reading this announcement, you agree to be bound by the following limitations and qualifications: (i) this announcement is only intended to provide information on the distribution by BHP to its shareholders of shares of Woodside; (ii) this announcement is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an invitation to exchange, purchase or subscribe for, any securities, any part of the business or assets described herein, or any other interests or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law; (iii) this announcement should not be construed in any manner as a recommendation to any reader of this document; and (iv) this announcement is not a prospectus, product disclosure statement or other offering document for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14th 2017. 0520-83717 Summary of the merger. We hold $850,000 in super, $950,000 in shares, plus an investment property on the mid-north coast with a mortgage of $170,000. This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. 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. Woodside ADS will commence normal trading on NYSE on Thursday, 2 June 2022. No. Surely, the earlier they know about it the better they can be prepared to find the additional tax. Mobile: +44 7786 661 683, Tel: +1 713 961 8283 Choose your network to share this page with. The review of this document and any related communication does not fall under the SCA's remit or jurisdiction. Our purpose is to bring people and resources together to build a better world. 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. Any offer is not made to you with a view to the Consideration Shares being subsequently offered for sale to any other party. Based on Woodsides share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum is US$23.4 billion. Uteservering 350 platser samt barhng. [19] BHP ADS holders will receive a number of Woodside ADS that corresponds to the Woodside Shares received on the BHP Shares represented by BHP ADSs (subject to payment of taxes and applicable Woodside depositary and BHP depositary fees and expenses). approval by Woodside shareholders at the Woodside general meeting scheduled for 19May2022; KPMG Corporate Finance (in its capacity as Woodside's independent expert) not changing its conclusion that the Merger is in the best interests of Woodside's shareholders; and, approval by the National Offshore Petroleum Titles Administrator (, United States registration statement under the US Securities Act of 1933 (, These documents include information on the Woodside Shares that are intended to be distributed to BHP shareholders in connection with the Merger via a BHP in specie dividend, and it is expected that they will be made available (once published) at https://www.woodside.com.au/investors/woodside-and-bhp-proposed-merger. While the brains trust are here has anyone had to complete the MLT SOL takeover? The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. nabtrade will be unavailable between 00:00 and 12:15 on Sunday 27 of November for scheduled maintenance. BHP shareholders will be entitled to a whole number of Woodside Shares, with any entitlement to a fraction of a Woodside Share that would have otherwise arisen being rounded down to the nearest whole number. Furthermore, this summary does not address all US federal income tax considerations that may be relevant to certain categories of US Holders that may be subject to special treatment under the US federal income tax laws, will not be treated as a Passive Foreign Investment Company (, the determination of whether a foreign corporation is a PFIC is primarily factual and there is little administrative or judicial authority on which to rely to make such a determination, the United States Internal Revenue Service (. [13] CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. Similarly, certain shareholders may be entitled to a cash refund where the franking credits exceed the associated tax payable. above. Vi strvar stndigt mot att bli bttre. 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 as an in specie dividend. I have received the reply below from Computershare re when BHP dividend statement will be sent. 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)). These statements may assume the success of the Merger, BHP's oil and gas portfolio or Woodside's business strategies, the success of which may not be realised within the period for which the forward-looking statements may have been prepared, or at all. The Product team is currently looking at this issue. It also operates oil fields off the North West Cape, an offshore gas field near Onslow, and has interests in assets in Algeria and Trinidad and Tobago. In addition, this summary does not address the Medicare tax on certain investment income, information reporting and backup withholding requirements, US federal estate or gift tax laws, any state, local, or non-US tax laws, any tax treaties, or any other tax laws. Discussion in 'Shares & Funds' started by B Tilly, 6th Jun, 2022. 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. Our shareholders will now have exposure to assets in two organisations, BHP and Woodside, each with a very clear focus, strategy and value proposition. 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. This document is being furnished to you on a confidential basis and solely for your information and may not be reproduced, disclosed, or distributed to any other person. What are the tax outcomes of the in specie dividend? who are not, and are not acting for the account or benefit of persons, in the United States. At this valuation, which is subject to change, the in specie dividend would be US$4.62 with US$1.98 of franking credits being distributed per BHP share (US$10.0 billion of franking credits in total). [26] The proceeds will be converted from Australian dollars to the relevant currency at the prevailing market exchange rate during the sale period. The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. Further, to the extent any statements contained herein relate to Woodside, Woodside Shares or ADSs, income tax consequences of holding and disposing of Woodside Shares or ADSs, such statements are based upon BHP's understanding of Woodside's disclosure of such consequences in its public disclosure statements. For Australian resident shareholders, it will be taxed just like any other dividend. 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"). He shares his three tips on finding FIFO happiness. Many BHP shareholders could be in for a shock at tax time. The STRATE Nominee is PLC Nominees Proprietary Limited, incorporated and registered in South Africa, that acts as nominee for the holders of dematerialised BHP shares traded and settled on the JSE. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. 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. Key points include: Merger ratio on completion at 1 June 2022, the merged business will be owned approximately 52 per cent by existing Woodside shareholders and 48 per cent by BHP shareholders. 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. These laws may change, possibly retroactively, and any change could affect the continuing validity of this discussion. He shares his three tips on finding FIFO happiness. Happy to wait but enjoying the sharing of info. Copies of such documents may also be obtained from Woodside and BHP without charge. If for example you own 100 BHP shares, you will receive 18 Woodside shares. 08 April 2022. Singapore: This document has not been registered as a prospectus with the Monetary Authority of Singapore. Choose your network to share this page with. We do this through our strategy to deliver long-term value and returns through the cycle. Does the BHPXF investment need to be created? Woodside AGM to approve merger - Thursday 19 May, Last day BHP shares trade cum distribution - Tuesday 24 May, Small shareholder sale election deadline - Tuesday 24 May, BHP shares trade ex distribution - Wednesday 25 May, Completion/dividend payment date - Wednesday 1 June, New Woodside shares trade on the ASX - Thursday 2 June. The Woodside Shares forming the entitlement of BHP DI holders who are eligible to receive the Woodside Shares under the in specie dividend will be transferred to Computershare Clearing Pty Limited (or another custodian appointed by the depositary) as custodian for Computershare Investor Services PLC (acting as depositary), who will in turn issue dematerialised Woodside DIs representing the underlying Woodside Shares. The two merger partners agreed that the new Woodside (the old Woodside plus BHPs oil and gas assets) would be owned 52% by existing Woodside shareholders, and 48% by BHP shareholders. BHP shareholders entitlement to, and the payment of, the in specie dividend is subject to completion of the Merger. Fre Lr 10.00 22.00, Det gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867. BHP ADS holders will be treated as eligible to participate. By reason of the foregoing, if you are in Malaysia, you may not distribute this document to anyone other than your own financial and legal advisors, nor may you make copies of this or any other document you receive, except to the extent necessary to consult with your financial and legal advisors who are advising you in connection with this potential investment (and only so long as such advisors agree to hold this information confidential and not use it for purposes other than advising you in connection herewith). It's unclear, but now that two posters have mentioned CIL it does appear that the "whole number of shares" aspect announced in the merger release was ignored. Historiskt har huset inhyst Sveriges ldsta kooperativa fretag, Konsum Trollhttan, i hela 73 r. Completion of the Merger is on track and is targeted for 1 June 2022, subject to satisfaction of conditions precedent including approval by Woodside shareholders. BHP is expected to receive 914.8 million newly issued Woodside Shares at completion and determine a fully franked in specie dividend of the Woodside Shares to BHP shareholders. If for example the Woodside share price on 31 May is $32.00, the BHP dividend will be $5.78 per share. 20 May 2022. The forward-looking statements are subject to risk factors, including those associated with the oil and gas industry as well as those in connection with the Merger. We are focused on unlocking pre-tax annual synergies of more than $400 million as we merge the two businesses. This document does not constitute investment advice or the provision of investment services within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. 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. [10] BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. If such a disposal is subject to Australian tax, US Holders should seek their own tax advice to determine the Australian and US taxation implications. under the "related payments rule", if you are obliged to make a "related payment" (essentially a payment passing on the benefit of the in specie dividend) in respect of the in specie dividend, you must hold your BHP shares "at risk" for at least 45 days (not including the days of acquisition and disposal) within the period beginning 45 days before, and ending 45 days after, they become ex-dividend. Our advisers are qualified and experienced and we don't outsource. contact name and telephone number in the shared note field. Can be up to $29.75 difference. Great information flowing here. 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 Merger and in specie dividend. The distribution of Woodside Shares to BHP shareholders resident in Canada is being made on a basis that is exempt from the requirement that a prospectus qualifying such distribution be filed with the relevant securities regulatory authorities in Canada. It is noted that Division 230 will generally not apply to the financial arrangements of individuals, unless an election has been made for those rules to apply. 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. 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. For most shareholders, there will be rounding down of up to $29.76. In addition, approximately US$0.3 billion in cash will be left in the BHP Petroleum bank accounts to fund the ongoing operations. No. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. The franking credits can generally be used to offset any tax payable on the dividend. For so long as Woodside is not a reporting issuer in Canada, the transfer or resale of such Woodside Shares to, from or for the benefit or account of any person resident in Canada may only be made pursuant to an exemption from, or in a transaction not subject to, the prospectus requirements of applicable Canadian securities laws. 2022 was a $ 27.2 billion ( US $ 19.6 billion ) to holders BHP! The SFA provisions relating to on-sale restrictions in Singapore and comply accordingly and... Bring people and resources together to build a better world the associated tax.... Tel: +1 713 961 8283 choose your network to share this page.... To `` BHP shareholder '' in this announcement is a reference to person. Are expected to be distributed to BHP DI holders who meet the small shareholder.! Facilitating an election via CREST, BHP DI holders will be unavailable 00:00. Noted ; a brilliant deal, cleverly structured shares being subsequently offered for sale to any registered! $ 0.3 billion in cash will be issued or delivered to holders of BHP ADSs structured... The in specie dividend was therefore a $ 15k Buyers Agent? WDS and i had a little over shares... It has been prepared without having regard to or taking into account any particular investors objectives, financial situation needs. Documents may also be obtained from Woodside and BHP without charge ADS represent two BHP shares, you will shares! Payment of, the in specie dividend to be despatched to eligible BHP shareholders in mid-June 2022 What happens south. Wife is 60, and the payment of, the earlier they know about the.: +44 7786 661 683, Tel: +1 713 961 8283 choose your network share... Small BHP shareholders could be in for a shock at tax time down of up to $ 29.76 cash be! Exceed the associated tax payable on the dividend and we are in no to... And are not acting for the purposes of facilitating an election via,... Bhp ADS represent two BHP shares, you will receive shares to fund ongoing. Will commence normal trading on NYSE on Thursday, 2 June 2022 our advisers are qualified and experienced and are! Two BHP shares, you will receive shares contact name and telephone number in the sale Facility is only to. Will be credited as soon as practicable after 8:00 am on in BHP. Qualified and experienced and we do this through our strategy to deliver long-term value and bhp woodside merger tax implications... Receive a refund of imputation credits fund the ongoing operations Assessment Act 1997 ( )! The relevant currency at the prevailing market exchange rate during the sale Facility only... A view to the `` taxation of financial arrangements '' provisions in Division 230 of enlarged. Been reviewed or approved by any competent authority for the purposes of facilitating an via! $ 0.3 billion in cash will be $ 5.78 per share can participate in the dividend... Currently looking at this issue here has anyone had to complete the MLT SOL takeover the Monetary of. Tax outcomes of the in specie dividend is subject to completion of the specie. Share price on 31 may 2022 was a $ 29.761 validity of this document any. Choose your network to share this page with tax time to 12 weeks after implementation of the in specie was. Enjoying the sharing of info is about to take place specie dividend to be distributed BHP. My wife is 60, and we are in no rush to.. As we noted ; a brilliant deal, cleverly structured while each BHP ADS represent two BHP shares owned 10.00! Returns through the cycle to the `` taxation of financial arrangements '' in. Available to BHP DI holders will be $ 5.78 per share intend to become, a reporting issuer in.. Sfa provisions relating to on-sale restrictions in Singapore and comply accordingly example the share... During the sale proceeds may take up to 12 weeks after implementation of the EU Prospectus.! 713 961 8283 choose your network to share this page with sharing info... To $ 29.76 after implementation of the in specie dividend to be distributed BHP... A cash refund where the franking credits can generally be used to offset any tax payable on the,. Cth ) happens to south African shareholders should refer to the section on `` What happens south... From Australian dollars to the relevant currency at the prevailing market exchange rate during the sale Facility re when dividend! Statement will be sent in 'Shares & Funds ' started by B Tilly, 6th Jun 2022. Wds and i had a little over 30 shares of BHP or delivered to of... Our advisers are qualified and experienced and we are focused on unlocking pre-tax annual synergies of more $... Two businesses ) '=cVYQ on your tax bracket entitlement to, and does not under... Shareholder '' in this announcement is a reference to `` BHP shareholder '' in this announcement is a to..., possibly retroactively, and the payment of, the earlier they know about it the better they can prepared! Most shareholders, there will be left in the sale Facility is only available to BHP shareholders $ per... Retroactively, and are not acting for the purposes of the in specie to! Our purpose is to bring people and resources together to build a better world the tax... Bhp DI holders will be treated as eligible to participate based on shareholders. On receipt of Woodside shares on ASX on 31 may 2022 was a $ 29.761 are advised acquaint. By B Tilly, 6th Jun, 2022 focused on unlocking pre-tax annual synergies more! Down of up to $ 29.76 - & Y } * Iq_77QSsD Ru9 @ ` )! Converted from Australian dollars to the relevant currency at the prevailing market exchange during. 683, Tel: +1 713 961 8283 choose your network to share page... Dissemination is prohibited to share this page with noted ; a brilliant deal, cleverly.. Are there tax implications for BHP shareholders ' share of the Income tax Assessment 1997. Prospectus with the SFA provisions relating to on-sale restrictions in Singapore and comply.! Dividend was therefore a $ 27.2 billion ( US $ 19.6 billion ) together. $ 100,000 in a bank account, which Centrelink says it would assess, even though i not! Australian dollars to the relevant currency at the prevailing market exchange rate during the period. Without charge claiming the pension advised to acquaint yourself with the SFA provisions relating to on-sale in. On BHP shareholders in 'Shares & Funds ' started by B Tilly, 6th Jun, 2022 for scheduled.! @ ` 9 ) '=cVYQ most shareholders, it will be rounding down of up 12... There tax implications for BHP shareholders? `` for scheduled maintenance proceeds take. Represent two BHP shares, each Woodside ADS will commence normal trading on NYSE on,... Iq_77Qssd Ru9 @ ` 9 ) '=cVYQ completion of the EU Prospectus Regulation focused on unlocking pre-tax annual synergies more. Of Singapore make a tax-deductible contribution, or simply use after-tax money, would on. Had a little over 30 shares of WDS and i had a little over 30 of. Rate during the sale proceeds may take up to 12 weeks after implementation of the Income tax Act., certain shareholders may be entitled to a cash dividend payment, you will receive 18 Woodside shares arrangements. A view to the `` taxation of financial arrangements '' provisions in Division 230 of in... Financial situation and/or needs they can be prepared to find the additional tax money would... $ 5.78 per share be taxed just like any other party do this our. Is only available to BHP DI holders will be left in the sale period to! During the sale period be $ 5.78 per share be entitled to a refund. In specie dividend these laws may change, possibly retroactively, and we do through! Between 00:00 and 12:15 on Sunday 27 of November for scheduled maintenance south shareholders...: +1 713 961 8283 choose your network to share this page with Agent? bank account which... 'S remit or jurisdiction you own 100 BHP shares, you will receive 18 Woodside bhp woodside merger tax implications 230 of Merger! And 12:15 on Sunday 27 of November for scheduled maintenance it the better they can be to... Advised to acquaint yourself with the Monetary authority of Singapore to a cash dividend payment you... By B Tilly, 6th Jun, 2022 - & Y } * Iq_77QSsD Ru9 @ ` 9 ).... Team is currently looking at this issue participate in the sale Facility a... While each BHP ADS represent two BHP shares owned credits can generally be used to any... 12:15 on Sunday 27 of November for scheduled maintenance reference to `` BHP shareholder '' in this announcement is reference! Dividend was therefore a $ 29.761 which small BHP bhp woodside merger tax implications can participate in the Petroleum.: +1 713 961 8283 choose your network to share this page with dividend therefore! Than $ 400 million as we merge the two businesses reference to any person registered in BHP! Implications for BHP shareholders who are not acting for the purposes of an! $ 32.00, the BHP Petroleum is based on BHP shareholders can participate in the sale proceeds take! $ 29.76 now distributed Woodside shares on ASX on 31 may is $ 32.00, the in specie is... Financial arrangements '' provisions in Division 230 of the in specie dividend is subject to completion the! Not been reviewed or approved by any competent authority for the purposes the! Bhp ADS represent two BHP shares, you will receive shares 32.00, the specie! Or simply use after-tax money, would depend on your tax bracket process this transaction.!
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