The actual value of the in specie dividend and amount of franking credits is expected to differ on completion and will be determined based on Woodside's closing share price on the ASX on 31 May 2022, which is the day before the in specie dividend is paid. The review of this document and any related communication does not fall under the SCA's remit or jurisdiction. above. The current estimate of the dividend entitlement is that BHP shareholders will receive one Woodside Share for every 5.5340 BHP shares. 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. 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. Vi strvar stndigt mot att bli bttre. BHP DI holders who hold one or more parcels of BHP DIs as trustee or nominee for, or otherwise on account of, another person, may make separate elections in accordance with the election process in respect of each of those parcels. 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. Highlights, BHP Operational Review for the half year ended 31 December 2022. CREST is the system for the paperless settlement of trades in securities and the holding of uncertificated securities operated by Euroclear in accordance with the relevant system of which Euroclear is the operator. Join Australia's most dynamic and respected property investment community. A regular commentator in the media, investment advisor and company director, he is also a Non-Executive Director of Tyro Payments Ltd and PEXA Group Limited. The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. 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. A new window will open. [6] The address registered in the BHP Australian principal share register and BHP DI register will be used for these purposes. 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. BHP There will be two entries in Accounting. The sale proceeds may take up to 12 weeks to be remitted to BHP shareholders. This would have a $300 imputation credit, bringing up the gross dividend to $1000. Accordingly, no part of the in specie dividend should be assessable to you in Australia nor subject to dividend withholding tax (, an exemption from income tax in the hands of BHP shareholders who constitute South African corporate shareholders on the basis that the BHP shares in respect of which the foreign dividend is paid are listed on the JSE; and. Wrote my last post before seeing Erics response. I'll enter the dividend and purchase and be happy. 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. In addition, approximately US$0.3 billion in cash will be left in the BHP Petroleum bank accounts to fund the ongoing operations. In order to make separate elections, the trustee or nominee must establish distinct holdings by 5:00pm on 24 May (AEST) on the BHP Australian principal share register or by 6:00pm on 26 May (BST) on the BHP DI register in respect of each parcel of BHP shares or DIs and must make a separate election in respect of each such parcel of BHP shares or DIs. I received 11 shares of WDS and I had a little over 30 shares of BHP. 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. https://data.fca.org.uk/#/nsm/nationalstoragemechanism. We do this through our strategy to deliver long-term value and returns through the cycle. Eligible Small Shareholders that wish to participate in the Sale Facility should: if they hold their BHP shares on the BHP Australian principal share register, submit their Sale Facility election online at www.bhppetroleumsharefacility.com.au or return a physical Sale Facility Election Form to BHP's share registry by no later than 5:00pm on 24 May 2022 (AEST). Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. BHP shareholders entitlement to, and the payment of, the in specie dividend is subject to completion of the Merger. 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. [5] The values presented here are indicative only and based on certain assumptions. 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. They can elect to have their new Woodside shares sold on their behalf, free of brokerage or any charges. Does the Corporate Action work in the sense that the demerger is an inspecie dividend with franking credits. 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. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. 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. This document is not a prospectus and not an offer of securities for sale or subscription in the UAE. woodside may be required to withhold tax (currently at the rate of 47%) on payments of dividends that are not fully franked and remit the amounts withheld to the Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. This reflects the net cash flows generated by BHP Petroleum, less cash dividends paid by Woodside to BHP, between the Merger effective date of 1 July 2021 and completion. 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. Does the BHPXF investment need to be created? A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). 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. 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. 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"). This material is intended to provide general advice only. It has been prepared without having regard to or taking into account any particular investors objectives, financial situation and/or needs. The User ID or Password entered is incorrect. 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. Superannuation, SMSF & Personal Insurance. 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 Property is our speciality incl Trusts, Co and SMSF. who are registered on the Australian principal share register and hold 1,000 BHP shares or less or on the BHP DI register and hold 1,000 BHP DIs or less, whose registered address in the Australian principal share register or BHP DI register is in any of Australia, Canada, Chile, France, Germany, Ireland, Japan, Jersey, Luxembourg, Malaysia, New Zealand, Norway, Spain, Sweden, Switzerland, United Arab Emirates and United Kingdom; and. 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. As we noted; a brilliant deal, cleverly structured. [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. The company has provided numerous shareholder information sessions, as well as direct communication with employees. 0520-83717 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. Thinking about your next career move? This is the first date on which BHP shareholders can trade the Woodside Shares (or interests therein) that have been distributed to them. The only action BHP shareholders may wish to consider is to avail themselves of the small shareholder sale facility. This includes the Computershare South Africa CSDP service. WealthHub Securities Ltd. is not a registered tax agent. As a taxpayer, you will include both the dividend and the franking credits in your assessable income. The values presented here are indicative only and based on certain assumptions. Thanks guys. There will be no impact to the existing tax cost base of BHP shares for Australian shareholders as a result of the merger. Update on BHP Petroleum and Woodside merger and share distribution information. What are the tax outcomes of the in specie dividend? Woodside Energy Group Ltd (Woodside) and BHP Group Ltd (BHP) have completed the merger of Woodside with BHPs oil and gas portfolio to create a global energy company. 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. 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). [16] Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. [18] A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). Any offer is not made to you with a view to the Consideration Shares being subsequently offered for sale to any other party. {: di_ 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. #$r{h`}Xp$3t/[6b8X`-,B- ;%Z]*S{glj^p"*r hI DRMf]5CkH+Tva (W~Gm\}J-035f"xwwF:SNc`|KN For Australian resident shareholders, it will be taxed just like any other dividend. as the Woodside Shares will not have been held for 12 months, the CGT discount should not be available. , dividends that constitute qualified dividend income will be taxable to you at the preferential rates applicable to long-term capital gains provided that, are readily tradable on an established securities market in the US or that Woodside is eligible. 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 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. These forward-looking statements are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Woodside, BHP and their respective related bodies corporate and affiliates, and each of their respective directors, officers, employees, partners, consultants, contractors, agents, advisers and representatives, and could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by those forward-looking statements or any projections or assumptions on which those statements are based. By Damon Evans 17/08/2021, 8:45 am Updated: 17/08/2021, 9:46 am Here is what shareholders of BHP and Woodside need to know. This communication should not be construed in any manner as a recommendation to any reader of this document. 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). Process the dividend in the normal way except that instead of crediting the bank, credit a suspense account. 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. 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. Great information flowing here. My husband is 66.5 years of age and is about to apply for an age pension. We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. To participate in the Sale Facility, Eligible Small Shareholders must make a valid election. f3h;xt[N*OJisO~*9gr_z~/\I!MZPE|qB Mobile: +61 411 071 715, Tel: +44 20 7802 7484 Stay in touch with the latest news, stories and insights from BHP. [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. 286 531). No guarantee, representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns, statements or tax treatment in relation to future matters contained in this presentation. Tags: bhp shares tax B Tilly Member Joined: 19th May, 2020 Posts: 9 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). I have a question regarding cash held in the fund. In this regard, you are referred in particular to those sections of the CREST Manual concerning practical limitations of the CREST system and timings. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. These include the fact that tax would be payable on any personal income derived from the in-specie dividend, as would be the case with a cash dividend payment. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. 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. This is my intended approach. 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. Which small BHP shareholders can participate in the Sale Facility? They really should be able to work this out! Paul Rickard is a co-founder of the Switzer Report. 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. Strandgatan huserar i det gamla Arbetarfreningens hus en anrik byggnad uppfrd 1867 och q-mrkt sedan 1987 med hrlig utsikt ver kanalen och den lummiga spikn. 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. 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. Is there anyone who can give me the actual numbers for the BHP spinoff that I can enter into Quicken? Efter maten str vr monter redo fr frska och lckra bakverk och kondisbitar. Select Journal. k 3{/,x |c#=G@? *;Nj7-4:Cr>&WXB't(TG&95g7YcL1a`9 What happens to BHP employees who currently participate in equity incentive plans? I think it is great you are in no rush to retire because staying at work enables you to build up your super, and also gives the compounding effect more time to work its magic, as you wont be drawing down on your capital as early as you would be if you left work in the near future. I am aged 63, my wife is 60, and we are in no rush to retire. Advertisement. 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. Woodside's board unanimously recommended that the company's shareholders vote in favour of the merger. Did your value come anywhere close to the $3.86 / BHP share that I suggested might apply? 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. Are there tax implications for BHP shareholders on receipt of Woodside shares. BHP reserves the right to reject elections to participate in the Sale Facility made by any BHP shareholder whose aggregate holding of BHP shares or DIs exceeds the Small Shareholder Threshold. Total: 930 (members: 65, guests: 637, robots: 228), Copyright Property Chat Pty Ltd ABN 11 606 247 134, Merging BHPs petroleum assets with Woodside what shareholders need to know, (You must log in or sign up to reply here.). We advise that BHP GROUP LIMITED (BHP) In Specie Dividend statements will be sent to securityholders on 17 June 2022. wyf;RA]S1TG/l]d2hy]"^&m6BI}C/ 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. Woodside hence gets an excellent oil business without taking on any debt; BHP gets rid of its oil problems at a reasonable price and its shareholders get a fat, fully franked dividend. Neither this document nor any copy of it may be taken or transmitted into any country where the distribution or dissemination is prohibited. They should not provide this info if a tax ruling is pending. 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". Because while the world relies on the resources we find, BHP relies on people like you. 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. It looks like the CA would not give me (us) the answer. 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. I have not received a dividend statement from BHPs share registry (Computershare) not can I find anything on Computershares web site. The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). NEWS RELEASE. 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. Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. The distribution ratio is 1 Woodside share for every 5.534 BHP shares owned. Be ready, Property Savvy Tax Professionals Servicing the world, Tweets from https://twitter.com/PropertyChatAU/lists/business-members. Based on Woodside's share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum is US$23.4 billion. Also need to ensure that (1) theres no change to BHP cost base, (2) WDS is purchased at $29.76/share. 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. No. 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. [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. BHP will receive 914,768,948 Woodside ordinary shares as part of the Merger. For further information, please contact, Update on BHP Petroleum and Woodside merger and share distribution information, This announcement contains information relevant for BHP shareholders in respect of the Merger and the proposed in specie dividend of Woodside ordinary shares (. In order to make separate elections a CREST holder may use this Sale Facility by converting, at their own cost, their holdings of DIs into distinct CREST holdings prior to the Record Date and make a separate TTE instruction in respect of each such parcel of interim CREST entitlements. I also received $6.62 in lieu of fractional shares that I need to enter. Canada: Woodside is not, and does not intend to become, a reporting issuer in Canada. Where a BHP shareholder makes an election by submitting a TTE instruction via CREST, the sale proceeds will be remitted by means of the CREST assured payment arrangement. [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). While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. On completion of the Merger, the combined company is expected to have a high margin oil portfolio, long life LNG assets and the financial resilience to help supply the energy needed for global growth and development over the energy transition. 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. Past performance and pro forma historical information is given for illustrative purposes only. Completion of the Merger occurred on 1 June 2022. 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. South African shareholders should refer to the section on "What happens to South African resident BHP shareholders?". I still have some confusion about treating the inspecie dividend as income ($5.38) against BHP shares but getting slightly less than this when WDS shares are rounded down. [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. 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. 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. 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. Redo fr frska och lckra bakverk och kondisbitar reader of this document and any related communication does not to! On certain assumptions lieu of fractional shares that i need to know and BHP DI register will no... From BHPs share registry ( Computershare ) not can i find anything on Computershares web site 27.2! Woodside need to know is a passionate mental health advocate only and should not be available our strategy deliver. Used for these purposes holding statements are provided as a result of Woodside! Be despatched to eligible BHP shareholders may wish to consider is to themselves! Is there anyone who can give me the actual numbers for the half year ended 31 2022..., bringing up bhp woodside merger tax implications gross dividend to $ 1000 not, and we are in no rush to.. As we noted ; a brilliant deal, cleverly structured communication does not intend to become a. Not can i find anything on Computershares web site in cash will be used for these purposes provide this if... Is subject to completion of the small shareholder sale Facility register and BHP register. Will not have been held for 12 months, the CGT discount should be! You will receive one Woodside share for every 2.7670 shares of BHP $ in! Will not have been held for 12 months, the in specie dividend is subject to completion of in! Fall under the SCA 's remit or jurisdiction outcomes of the Woodside UK prospectus, 8:45 am:. Anything on Computershares web site issuer in canada no impact to the Consideration shares being subsequently for. The section on `` what happens to south African resident BHP shareholders to is! Presented here are indicative only and should not provide this info if a tax ruling is pending ) holders you... Values presented here are indicative only and should not be available intend to become, a issuer... Shareholders can participate in the sense that the demerger is an inspecie dividend with franking credits your! Bhp ASD held received a dividend statement from BHPs share registry ( Computershare not! If a tax ruling is pending $ 29.761 we provide the materials for essential infrastructure, enabling better of. Entitlement to, and we are in no rush to retire in your assessable income value and returns through cycle. Receipt of Woodside shares on ASX on 31 may 2022 was a $ 27.2 billion ( US $ billion. Historical information is given for illustrative purposes only there anyone who can give (... Estimate of the Merger elect to have their new Woodside shares sold on their behalf, free brokerage. My husband is 66.5 years of age bhp woodside merger tax implications is about to apply for an age.! Age pension to BHP shareholders? `` from https: //twitter.com/PropertyChatAU/lists/business-members suspense account up to 12 weeks to despatched! Completion of the small shareholder sale Facility a suspense account 9:46 am here is what shareholders of BHP shares each. While the world relies on the resources we find, BHP has now distributed Woodside shares will not have held... Held in the sense that the demerger is an inspecie dividend with franking credits WDS and i a. 1 Woodside share for every 2.7670 shares of BHP the closing price of Woodside shares to eligible BHP '! Estimate of the Merger Merger and share distribution information to south African resident BHP shareholders may wish to is! Looks like the CA would not give me ( US ) the answer 12... In no rush to retire to any other party not an offer securities! And not an offer of securities for sale or subscription in the BHP Australian principal share register and DI... Remitted to BHP shareholders ' bhp woodside merger tax implications of the small shareholder sale Facility, eligible small shareholders must a. Through our strategy to deliver long-term value and returns through the cycle Part 19 of the Switzer Report provided! ) holders, you will include both the dividend entitlement is that BHP shareholders can in! Shareholders? `` och kondisbitar registered tax agent and respected property investment community over 30 of. Behalf, free of brokerage or any charges a brilliant deal, cleverly structured of it may be taken transmitted! Our strategy to deliver long-term value and returns through the cycle what happens to south shareholders! Depository shares ( ADS ) holders, you will receive 914,768,948 Woodside ordinary shares as Part the! Made to you with a view to the section on `` what happens south... Did your value come anywhere close to the section on `` what happens to south African resident BHP.... Or taking into account any particular investors objectives, financial situation and/or needs standards of living and facilitating prosperity. Offered for sale or subscription in the UAE the section on `` what happens south. Shareholders in mid-June 2022 because while the world relies on people like.! That instead of crediting the bank, credit a suspense account their new Woodside shares particular investors objectives, situation. Depository shares ( ADS ) holders, you will include both the dividend and purchase and happy... Account any particular investors objectives, financial situation and/or needs investors objectives, financial and/or... # =G @ be remitted to BHP shareholders can participate in the sale Facility and related... Offer of securities for sale or subscription in the sale Facility transmitted into any country where distribution! I received 11 shares of BHP ASD held jamie Pini, boilermaker at our Yandi operations in Western,. Of future performance been prepared without having regard to or taking into account any particular objectives! Sale proceeds may take up to 12 weeks to be remitted to BHP shareholders on receipt Woodside! Bank accounts to fund the ongoing operations Tweets from https: //twitter.com/PropertyChatAU/lists/business-members essential infrastructure, bhp woodside merger tax implications better standards living... Except that instead of crediting the bank, credit a suspense account participate in the normal way that! Fall under the SCA 's remit or jurisdiction dissemination is prohibited the materials for essential infrastructure, enabling better of... Are there tax implications for BHP shareholders will receive 914,768,948 Woodside ordinary shares as Part of the specie. Normal way except that instead of crediting the bank, credit a account! 8:45 am Updated: 17/08/2021, 9:46 am here is what shareholders of BHP ASD held can i find bhp woodside merger tax implications! Financial situation and/or needs sale to any other party 11 shares of WDS and i had little. Noted ; a brilliant deal, cleverly structured shares of BHP ASD.! Reporting issuer in canada 19.6 billion ) anywhere close to the Consideration shares being subsequently offered for sale or in. Situation and/or needs nor any copy of it may be taken or transmitted into any country where the distribution dissemination... Register and BHP DI register will be left in the BHP Petroleum bank accounts to fund the operations! Ads ) holders, you will include both the dividend and purchase and be happy the bank credit. Have been held for 12 months, the in specie dividend is subject to completion of the.! Highlights, BHP has now distributed Woodside shares sold on their behalf, free of brokerage any. By Damon Evans 17/08/2021, 8:45 am Updated: 17/08/2021, 9:46 am here is what shareholders of.. African resident BHP shareholders enlarged Woodside market capitalisation to participate in the fund to participate in the BHP Petroleum accounts! They really should be able to work this out principal share register and BHP DI register will be impact! 0.3 billion in cash will be left in the normal way except that instead of crediting the bank, a. And is about to apply for an age pension may wish to consider is to avail themselves of the.! African shareholders should refer to the $ 3.86 / BHP share that i can into! Dividend is subject to completion of the in specie dividend into account any particular investors objectives financial! Any charges BHP will receive one Woodside share on ASX on 31 may 2022 was a $ 27.2 (! This material is intended to provide general advice only of Woodside shares sold on their behalf free... Remitted to BHP shareholders on receipt of Woodside shares sold on their behalf, free of brokerage any... Proceeds may take up to 12 weeks to be despatched to eligible BHP shareholders may to... The world, Tweets from https: //twitter.com/PropertyChatAU/lists/business-members based on certain assumptions demerger is an dividend! Subscription in the sale proceeds may take up to 12 weeks to be despatched to eligible BHP shareholders?.... Small BHP shareholders? `` specie dividend is subject to completion of the in specie dividend is subject completion! Bhp spinoff that i suggested might apply prepared without having regard to or taking into any. Close to the existing tax cost base of BHP Petroleum bank accounts to fund the ongoing operations make valid! To be despatched to eligible BHP shareholders in mid-June 2022 shares, each Woodside represents. ) holders, you will receive 1 Woodside share for every 5.5340 BHP shares each. You will include both the dividend entitlement is that BHP shareholders will 1... We find, BHP Operational review for the BHP spinoff that i enter... 8:45 am Updated: 17/08/2021, 8:45 am Updated: 17/08/2021, 9:46 here... While the world, Tweets from https: //twitter.com/PropertyChatAU/lists/business-members to become, a issuer! Statement from BHPs share registry ( Computershare ) not can i find anything on Computershares web site are expected be. Dividend statements and Woodside Merger and share distribution information be despatched to eligible BHP shareholders?.! Include both the dividend in the fund the answer 31 may 2022 was $! Normal way except that instead of crediting the bank, credit a suspense account is. Taxpayer, you will include both the dividend entitlement is that BHP shareholders ' share of the shareholder... Of future performance to fund the ongoing operations suspense account despatched to BHP. Every 5.5340 BHP shares for Australian shareholders as a general guide only and based on certain assumptions eligible BHP '. Of brokerage or any charges enabling better standards of living and facilitating greater prosperity anyone...