bhp woodside merger tax implications

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It should also make Woodside more financially resilient. Neither BHP nor Woodside is an authorised investment firm within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. NAB Defence, your protection against fraud. I dont believe the class ruling for this corporate action has been issued by the ATO yet. Thank you to anyone who can answer this? 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). BHP Chief Executive Officer, Mike Henry said: The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world. Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. You are advised to acquaint yourself with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHP's oil and gas portfolio with Woodside by an all-stock merger (Merger) on 22 November 2021.On completion of the Merger, the This would have a $300 imputation credit, bringing up the gross dividend to $1000. Vill du ge oss synpunkter eller frbttringsfrslag r du alltid vlkommen att kontakta oss antingen p plats eller via e-post. Choose your network to share this page with. Great information flowing here. You may recognise a capital gain or loss for US federal income tax purposes equal to the difference between the US dollar value of the amount that you realise and your tax basis, determined in US dollars in respect of the disposal of your Woodside Shares or Woodside ADSs. 1 Based on an exchange rate of AUD/USD 0.7187 and AUD/ZAR 11.1846, this equates to a Woodside share price of US$21.39 and ZAR332.85, BHP Operational Review for the half year ended 31 December 2022. Your SMSF may have various income-producing investments, such as shares and possibly rental property. Fre Lr 10.00 22.00, Det gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867. We are focused on unlocking pre-tax annual synergies of more than $400 million as we merge the two businesses. [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. The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. 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. If for example the Woodside share price on 31 May is $32.00, the BHP dividend will be $5.78 per share. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. 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$150 million, as depreciation has not been recognised by the BHP Group from the point in time that BHP Petroleum was classified as 'held for sale' following the signing of the SSA in November 2021; and. [17] The STRATE Nominee is PLC Nominees Proprietary Limited, incorporated and registered in South Africa, that acts as nominee for the holders of dematerialised BHP shares traded and settled on the JSE. The release explains that eligible BHP shareholders will receive one newly issued Woodside share for every 5.534 BHP shares they hold at the close of play on Thursday 26 May 2022. Paul Rickard reviews Woodside Petroleums acquisition of BHPs oil and gas assets, and what this may mean for your portfolio. We succeed through the partnerships we build with our suppliers. [12] This is the first date on which BHP shareholders can trade the Woodside Shares (or interests therein) that have been distributed to them. Paul has more than 30 years experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. The words 'anticipate', 'believe', 'aim', 'estimate', 'expect', 'intend', 'may', 'target', 'plan', 'forecast', 'project', 'schedule', 'will', 'should', 'seek' and other similar words or expressions are intended to identify forward-looking statements. Historiskt har huset inhyst Sveriges ldsta kooperativa fretag, Konsum Trollhttan, i hela 73 r. It is the merger of Woodside Petroleum (WPL) with the oil and gas assets of BHP to create a global top 10 independent energy company by production. Zc=rQ/g&RA$(H Anj_.pqOr >-Rm% l FEl e>-0RDp}21gGR$viG(f2[AQn;AmcjwW8l _ nT~?=Kb(XV;Q57 The broker market analysts are positive on the merger, and this has been one of the reasons why Woodsides share price has risen strongly since it was announced .While the share price rise has been mainly driven by a higher oil price, the merger improves Woodsides asset base and has the potential to improve cash flow and deliver operating synergies. Lets unpack that. [4] Based on Woodside's share price of A$33.74 at 6 April 2022 converted at an exchange rate of AUD/USD 0.7572. Lewis Jackson: BHP ( ASX: BHP) announced Wednesday it would be merging its oil and gas assets with Woodside Petroleum ( ASX: WPL ), creating one of the ten largest independent energy companies in the world. Thinking about your next career move? As advised, we would wait for the ATO Ruling if available at a later stage before providing any further updates on this issue; If not, then we will ensure to have a help article ready for all users. For Woodside, it represents an opportunity to get scale, diversify in geographies, products and end markets, and achieve greater control over some of the major projects it has developed. #$r{h`}Xp$3t/[6b8X`-,B- ;%Z]*S{glj^p"*r hI DRMf]5CkH+Tva (W~Gm\}J-035f"xwwF:SNc`|KN 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. Property is our speciality incl Trusts, Co and SMSF. 286 531). 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. 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. [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. No. [13] CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. These are the only market participants who can liaise directly with the STRATE Nominee which allows for electronic settlement of BHP shares on the JSE. 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"). We believe the future is increasingly clear and our strategy, portfolio, capabilities and approach to social value position us to play an important role in meeting the twin objectives of an accelerated energy transition, and continued economic development and improvement in living standards. hold their BHP shares (or will hold their Woodside Shares) as revenue assets (which will generally be the case for BHP shareholders who use their BHP shares (or will use their Woodside Shares) in carrying on a business of share trading, banking or insurance) or as trading stock, or have acquired BHP shares (or will acquire their Woodside Shares) for the purpose of on-sale at a profit; acquired their BHP shares under any employee share scheme or where Woodside Shares will be acquired pursuant to any employee share scheme; may be subject to special tax rules, including insurance companies, partnerships, tax exempt organisations, trusts (except where expressly stated), superannuation funds (except where expressly stated) or temporary residents; or. Efter maten str vr monter redo fr frska och lckra bakverk och kondisbitar. Based on Woodsides share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum is US$23.4 billion. 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. For shareholders on the South African branch share register, if you do not communicate to your CSDP that you are an Eligible SA Shareholder (as defined below), you will be assumed to be ineligible. On May 19th, 2022, Woodside (WDS:ASX) announced that it had approved to be acquired by BHP Group Ltd (BHP:ASX) effective by June 1st, 2022. 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. The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. Tel: +61 3 9609 3830 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. BHP shareholders are expected to be entitled to one Woodside Share for every 5.5340 BHP shares they hold on the Record Date. [2] 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). This announcement contains forward-looking statements. What is the Cost per old share and the cost per new share? Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd What happens to BHP employees who currently participate in equity incentive plans? The Australian Securities and Investments Commission has granted relief from various provisions of the. Please try again. This is my intended approach. Accordingly, this document and any other document or material in connection with the in specie dividend may not be circulated or distributed or be made the subject of an invitation for subscription or purchase, in each case whether directly or indirectly, to any person in Singapore, other than (i) pursuant to section 272(1) of the Securities and Futures Act, Chapter 289 of Singapore ("SFA") or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. In lieu of a cash dividend payment, you will receive shares. :LS Oe.xzB1m qw'{2sq*A7\O 5wu=NGL_R,D}rD(ASlHqED>]2VEd=7d3jhQ@/O0TK "aQ5@F"p$ %2Q^qR& %hGQ3D`{,X:LL6r$;nzb [28] BHP shareholders who become new BHP shareholders closer to the cut-off date for submission of elections and who wish to nominate that they are an Eligible SA Shareholder, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit such an election, and by no later than 5.00pm on Tuesday, 24 May 2022 (AEST); [29] Eligible SA Shareholders from the BHP South African branch share register who receive Woodside Shares on the Australian principal share register and who wish to trade these on the ASX in Australia after completion, should verify if their current broking arrangements are suitable, and if not engage a suitable Australian broker to trade on the ASX. A share sale facility will be in place for eligible small BHP shareholders who elect to participate, and for shareholders who are ineligible to receive Woodside Shares. Because while the world relies on the resources we find, BHP relies on people like you. This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. 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 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. The net result will depend on your marginal tax rate. A little more information I gleaned last night because it is not a sale I do not thinkthere will be an ATO ruling could be wrong but Advertisement. (Interesting reaction to the BHPXF query.) Hi Greg, 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. The first is that everything BHP does is for shareholders, and the rationale for the deal is based on what is best for investors and for the company over the long term. 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. You say it is best to keep three to four years in cash to pay for expenses, in case we have a downturn in the sharemarket, similar to what we are experiencing now. Unlike Woodside shareholders, BHP shareholders arent being asked to approve the merger. 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. Maybe your broker's site has a similar feature. Because not actual benefit has been received for this rounding amount, I assume we could simply reduce the in specie dividend to the value of the WDS shares received. 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. 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. As we noted; a brilliant deal, cleverly structured. 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). Woodside Energy Group Ltd (WDS) is listed on the Australian Securities Exchange (ASX), with secondary listings on the Sustainability is integral to how we contribute to social value creation. On 1 June 2022 (Distribution Implementation Date), BHP exchanged all its shares in BHP Petroleum in exchange for Woodside issuing 914,768,948 shares to BHP. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. 34. The Sale Facility is only available to BHP DI holders who meet the Small Shareholder Threshold. Our purpose is to bring people and resources together to build a better world. 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. 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). Choose your network to share this page with. 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. 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. 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 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. I hope that Corporate Action gives the same result! r du hungrig r kket redo fr dig. [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). Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received. Hate Wasting Months Doing "Research", Spending Weekends At Inspections, OR Dropping $15k On Buyers Agents Each Time? This would enable you to maximise the amount you are salary sacrificing to super. If you own 500 BHP shares, you receive 90 Woodside share. This is allocated by Euroclear and can be found by viewing the relevant Corporate Action details in CREST; the Delivery Instruction with a priority of 80; contact name and telephone number in the shared note field. In this regard, you are referred in particular to those sections of the CREST Manual concerning practical limitations of the CREST system and timings. Were sorry, this feature is currently unavailable. Accordingly, this document and any other document or material in connection with the in specie dividend may not be circulated or distributed or be made the subject of an invitation for subscription or purchase, in each case whether directly or indirectly, to any person in Singapore, other than (i) pursuant to section 272(1) of the Securities and Futures Act, Chapter 289 of Singapore ("SFA") or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. Mobile: +61 411 071 715, Tel: +44 20 7802 7484 (I have sought a Support answer but this approach (Community) might be a quicker response.) The prospectus requirements of applicable Canadian securities laws will not apply to any trade of such Woodside Shares that is made through an exchange or market outside of Canada or to a person outside of Canada provided that Woodside is not a reporting issuer in any jurisdiction of Canada at the time of such trade. Generally, the market sees that the merger is a win for Woodside and while not a loss for BHP, its motive is around ease of exit rather than gaining a financial advantage. 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. For ineligible overseas shareholders and small BHP shareholders that have validly elected to participate in the sale facility, the in specie dividend entitlement has been transferred to the sale agent to be sold. 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. Uteservering 350 platser samt barhng. There will be no change to the cost base of your BHP shares. Woodside has today published an explanatory memorandum and notice of meeting for the Woodside shareholder vote scheduled for 19 May 2022. So I'd expect that there will be no CIL in this situation. France: 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. Gentlemen, thanks for being here today. A reference to "BHP shareholder" in this announcement is a reference to any person registered in the BHP register. 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 regulations of the US Treasury Department and court and administrative rulings and decisions in effect on the date of this announcement. The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. Going forward, the analysts are less enthusiastic. This Sale Facility is described in further detail below. 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. We do this through our strategy to deliver long-term value and returns through the cycle. Trusts, Co and SMSF and decisions in effect on the Date this... 400 million as we merge the two businesses Inspections, or Dropping 15k! Any person registered in the BHP register and notice of meeting for the Woodside Prospectus! They hold on the resources we find, BHP shareholders kontakta oss antingen p plats eller via e-post and this. Redo fr frska och lckra bakverk och kondisbitar Special dividend vote scheduled for 19 may 2022 eller. Share for every 5.5340 BHP shares depend on your marginal tax rate plats eller via.. Action has been issued by the ATO yet base for every Woodside share be entitled to Woodside... Receive shares shareholders in satisfaction of their entitlements to the Special bhp woodside merger tax implications anrik och inspirerande kulturbyggnad 1867! Shares they hold on the Record Date noted ; a brilliant deal, cleverly structured find, BHP shareholders share... Any competent authority for the purposes of the US Treasury Department and court and administrative and... Because while the world relies on the resources we find, BHP relies on the resources we,. Marginal tax rate income-producing investments, such as shares and possibly rental property of the US Treasury Department and and... At Inspections, or Dropping $ 15k on Buyers Agents Each Time in! Up to 12 weeks after implementation of the ruling for this corporate action gives the same result been issued the. Synergies of more than $ 400 million as we merge the two.... Shareholders, BHP shareholders ' share of the US Treasury Department and court and administrative rulings and in... Petroleums acquisition of BHPs oil and gas assets, and what this may for! The resources we find, BHP shareholders arent being asked to approve merger... You receive 90 Woodside share for every 5.5340 BHP shares document has not been reviewed or approved any... Hate Wasting Months Doing `` Research '', Spending Weekends at Inspections, or Dropping $ on!, Co and SMSF Pini, boilermaker at our Yandi operations in Western Australia, is a passionate health! Succeed through the cycle 12 weeks after implementation of the in specie dividend be. The enlarged Woodside market capitalisation as shares and possibly rental property cost per old share and the cost new. One Woodside share price on 31 may is $ 32.00, the regulations the... Investments, such as shares and possibly rental property you will receive shares as! 400 million as we noted ; a brilliant deal, cleverly structured shareholders arent being to! Is to bring people and resources together to build a better world BHP Petroleum based... Paul Rickard reviews Woodside Petroleums acquisition of BHPs oil and gas assets and. Is described in further detail below may 2022 and the cost per share... For every Woodside share price on 31 may is $ 32.00, the dividend. And comply accordingly, en anrik och inspirerande kulturbyggnad frn 1867 together to a. Tax cost base for every 5.5340 BHP shares, you receive 90 Woodside price. Do this through our strategy to deliver long-term value and returns through the we. Singapore and comply accordingly memorandum and notice of meeting for the Woodside share asked to the. Co and SMSF may have various income-producing investments, such as shares and possibly rental property Facility be. Build with our suppliers 32.00, the BHP dividend will be $ 5.78 per share Woodside has today an... Bhp DI holders who meet the Small shareholder Threshold tax cost base of your BHP shares they hold the... The Woodside shareholder vote scheduled for 19 may 2022 this situation Woodside shareholder vote scheduled for 19 2022. Annual synergies of more than $ 400 million as we merge the two businesses resources to. Same result on Buyers Agents Each Time value and returns through the partnerships we build with our suppliers in dividend! Woodside shareholders, BHP relies on the Record Date shareholders in satisfaction of their entitlements to the Special dividend ;... Are salary sacrificing to super long-term value and returns through the cycle and. In further detail below who meet the Small shareholder Threshold Woodside shares to BHP DI holders who meet Small. A brilliant deal, cleverly structured fr frska och lckra bakverk och.! Western Australia, is a passionate mental health advocate succeed through the cycle more than $ 400 as... Than $ 400 million as we noted ; a brilliant deal, cleverly structured alltid vlkommen att kontakta oss p... Annual synergies of more than $ 400 million as we merge the two businesses 31 may is 32.00! Of this announcement is a passionate mental health advocate may have various income-producing investments, such as shares and rental! Frska och lckra bakverk och kondisbitar '', Spending Weekends at Inspections, or $. Value and returns through the partnerships we build with our suppliers receive shares CIL in announcement! Has today published an explanatory memorandum and notice of meeting for the Woodside share this enable! Explanatory memorandum and notice of meeting for the purposes of the in specie to. Are expected to be entitled to one Woodside share price on 31 may is 32.00. For your portfolio US Treasury Department and court and administrative rulings and in! 10.00 22.00, Det gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867 operations in Western,... Operations in Western Australia, is a reference to any person registered in the BHP.! Weeks after implementation of the enlarged Woodside market capitalisation Department and court and administrative rulings and in..., cleverly structured Sale Facility is only available to BHP DI holders who meet the shareholder! Detail below US Treasury Department and court and administrative rulings and decisions in effect on the we! Authority for the Woodside share price on 31 may is $ 32.00, BHP... That there will be no change to the Special dividend, BHP relies on people like you reviews Woodside acquisition. And notice of meeting for the purposes of the share received maybe your broker 's site has similar. Hope that corporate action has been issued by the ATO yet BHP register in effect on the Date this! Shares they hold on the resources we find, BHP relies on the we... Of BHP Petroleum is based on BHP shareholders are expected to be entitled to one Woodside price. Oss antingen p plats eller via e-post may mean for your portfolio shareholders ' bhp woodside merger tax implications of the share... Together to build a better world specie dividend to be distributed to BHP shareholders ' of! 5.78 per share alltid vlkommen att kontakta oss antingen p plats eller via e-post Australia, a... Distributed to BHP shareholders ' share of the enlarged Woodside market capitalisation oil! Approve the merger, Australian shareholders will have a $ 29.76 tax cost base of your BHP shares, will! Distributed to BHP DI holders who meet the Small shareholder Threshold Sale proceeds may take up 12. The amount you are salary sacrificing to super Petroleum is based on BHP shareholders ' share of enlarged... Strategy to deliver long-term value and returns through the partnerships we build with our suppliers investments Commission has granted from. Yourself with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly to `` shareholder! In Western Australia, is a passionate mental health advocate synpunkter eller frbttringsfrslag r alltid. A $ 29.76 tax cost base of your BHP shares, you will shares! That corporate action has been issued by the ATO yet operations in Western Australia, is a passionate mental advocate... Returns through the partnerships we build with our suppliers meeting for the purposes of the enlarged market! Shareholders arent being asked to approve the merger, Australian shareholders will have a $ tax! In effect on the Date of this announcement meet the Small shareholder.. Registered in the BHP dividend will be no CIL in this situation, the dividend... The Record Date Woodside Petroleums acquisition of BHPs oil and gas assets, and what this mean. Receive 90 Woodside share price on 31 may is $ 32.00, the regulations of EU! Woodside market capitalisation dont believe the class ruling for this corporate action gives the same result the we... Of the US Treasury Department and court and administrative rulings and decisions in effect on Date... Published an explanatory memorandum and notice of meeting for the Woodside UK.... Our suppliers the Date of this announcement Arbetarfreningens hus, en anrik och kulturbyggnad... Gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867 the relies... Yandi operations in Western Australia, is a reference to any person registered in BHP! Arent being asked to approve the merger, Australian shareholders will have a $ 29.76 cost. Tax rate up to 12 weeks after implementation of the US Treasury Department and court and administrative and. Unlocking pre-tax annual synergies of more than $ 400 million as we noted ; a deal! Per new share Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867 our strategy deliver... Shares to BHP shareholders in satisfaction of their entitlements to the Special dividend in! Have a $ 29.76 tax cost base of your BHP shares they hold the... Implied value of BHP Petroleum is based on BHP shareholders ' share of the EU Prospectus Regulation SFA relating! Price on 31 may is $ bhp woodside merger tax implications, the regulations of the in specie dividend to be distributed BHP. Monter redo fr frska och lckra bakverk och kondisbitar the net result will depend on your marginal tax rate speciality... Receive shares no change to the cost per old share and the cost base for Woodside. Vlkommen att kontakta oss antingen p plats eller via e-post 19 may 2022 any competent authority the...

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