*t{sz@5}'d8{GXG It is core to our strategy and sits at the heart of everything we do. Choose your network to share this page with. It will be fully franked, with franking credits of $2.48 per share. BHP Group (BHP) is pleased to announce that the merger of BHPs oil and gas portfolio with Woodside Energy Group Limited (Woodside) by an all-stock merger (Merger) has completed today. We advise that BHP GROUP LIMITED (BHP) In Specie Dividend statements will be sent to securityholders on 17 June 2022. On the upside, a person earning less than $45,000 would receive a refund of imputation credits. The address registered in the BHP Australian principal share register and BHP DI register will be used for these purposes. Here is what shareholders of BHP and Woodside need to know. [26] The proceeds will be converted from Australian dollars to the relevant currency at the prevailing market exchange rate during the sale period. I hope that Corporate Action gives the same result! 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 is not saying much about this when many of its employees have shares through various employee share schemes, and would be significantly impacted by it. Does the amount of cash held include dividends received in any given year, or are the dividends in addition to the cash amount? As part of completion, BHP has made a net cash payment of approximately US$0.7 billion to Woodside. Would this be regarded as a deprived asset? [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. 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. Along with Woodside equity, BHP shareholders will receive about $2.50 per share of franking attached to their Woodside stock. 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. Hi All. 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. He shares his three tips on finding FIFO happiness. a trust (A) the administration of which is subject to the primary supervision of a US court and which has one or more "United States persons" (within the meaning of Section 7701(a)(30) of the Code) who have the authority to control all substantial decisions of the trust or (B) that has made a valid election under applicable US Treasury regulations to be treated as a United States person. Are there tax implications for BHP shareholders on receipt of Woodside shares? The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. 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.). Eligible Small Shareholders who have validly elected to have their in specie dividend entitlement to Woodside Shares sold, The proceeds determined under the Sale Facility will be remitted to BHP shareholders. 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. This would enable you to maximise the amount you are salary sacrificing to super. Sustainability is integral to how we contribute to social value creation. 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. 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. Sustainability is integral to how we contribute to social value creation. 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. Unlike Woodside shareholders, BHP shareholders arent being asked to approve the merger. Maybe your broker's site has a similar feature. The BHP ADS Depositary is expected to recommence permitting cancellations and withdrawals of BHP ADSs from 5:00pm Friday, 3 June 2022 (EDT), following payment of the in specie dividend. Will keep you informed. In the main, they feel that Woodside is fairly fully priced, with a consensus target price (according to FN Arena) of $31.13. A reference to "BHP shareholder" in this announcement is a reference to any person registered in the BHP register. Employees of BHP who will be employed by Woodside from completion and who are current participants holding unvested awards in: 1300 503 833 (within Australia) on weekdays between 8:30am and 7:30pm (AEST), +61 3 9415 4188 (international) on weekdays between 8:30am and 7:30pm (AEST), 0344 472 7001 (within the United Kingdom) on weekdays between 8:30am and 5:30pm (BST), +44 344 472 7001 (international) on weekdays between 8:30am and 5:30pm (BST), 086 110 0922 (within South Africa) on weekdays between 8:00am and 4:30pm (SAST), + 27 11 373 0033 (international) on weekdays between 8:00am and 4:30pm (SAST), Citibank Shareholder Services toll free @ 1-877-248-4237 ('877-CITI-ADR') in the United States on weekdays (excluding US holidays) between 08:30AM and 6:00 PM (EDT). Investors on both sides of the merger will retain their underlying shareholdings in each company. This form can be requested by contacting the telephone numbers set out in the Shareholder Information Line section further below or by logging into www.investorcentre.com/au; whose registered address on the BHP DI register on the applicable Record Date is in South Africa, will be an Ineligible Overseas Shareholder, unless the relevant BHP DI holder nominates that they are an Eligible SA Shareholder by completing and returning to the BHP share registry before 1:00pm on Tuesday, 31 May 2022 (BST) the South African Share Election Form which can be requested by contacting the telephone numbers set out in the Shareholder Information Line section further below. Update on BHP Petroleum and Woodside merger and share distribution information. 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. Important information: Any advice and information in this publication is of a general nature only. Can I transfer some of that money into my superannuation account, using the three-year catch-up rule, and claim a tax deduction to bring our total assets under $901,500? 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. 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. Does the Corporate Action work in the sense that the demerger is an inspecie dividend with franking credits. 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. This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. 52% Woodside . A new window will open. imT:}dZZU}_wAC /@V^u1H]{nNaom3n3Uq< Kz8>MS`O-d%]J$9E!m^|YZI89 As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. There will be no impact to the existing tax cost base of BHP shares for Australian shareholders as a result of the merger. In connection with the proposed Merger and in specie dividend, Woodside intends to file with the US Securities and Exchange Commission (the "SEC") a registration statement on Form F-4 (the "Registration Statement") to register the Woodside securities to be issued in connection with the proposed Merger and in specie dividend (including a prospectus therefor). 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. 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 A CSN Facility is the corporate sponsored nominee facility arranged by the relevant company with Computershare Investor Services PLC to hold DIs in the company for and on behalf of participants in, and on terms and conditions that govern, the facility. No offer of securities of Woodside to the public is made, or will be made, that requires the publication of a prospectus pursuant to Irish prospectus law (within the meaning of section 1348 of the Companies Act 2014 of Ireland) in general, or in particular pursuant to the EU Prospectus Regulation. The franking credits can generally be used to offset any tax payable on the dividend. f3h;xt[N*OJisO~*9gr_z~/\I!MZPE|qB The Woodside disclosure documents described in this announcement have been issued by, and are the responsibility of, Woodside other than to the extent that another party has positively and expressly accepted responsibility for information in such documents. 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. [27] For example, this would include those BHP shareholders that have purchased their BHP shares on the JSE and not changed the manner in which they hold their BHP shares. Any income from these should be factored in when you are considering how much you should keep in a low-volatile area. 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. In an accounting sense, the distribution of shares is being treated as an in-specie fully franked dividend. This information is provided by RNS, the news service of the London Stock Exchange. 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. 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. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, geotechnical factors, drilling and production results, gas commercialisation, development progress, operating results, engineering estimates, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets, conditions in various countries, approvals and cost estimates. Choose your network to share this page with. Thats the way I will process it as well! [25] The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. No. 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). 08 April 2022. The User ID or Password entered is incorrect. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. No. Canada: Woodside is not, and does not intend to become, a reporting issuer in Canada. 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. 375 of 2017) (as amended) of Ireland, and the recipients of this document should seek independent legal and financial advice in determining their actions in respect of or pursuant to this document. On a per share basis, it will be equal to the Woodside share price, divided by the merger ratio of 5.534. 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. The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). above. , 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. We succeed through the partnerships we build with our suppliers. It is expected that the final class ruling will be published by the Australian Taxation Office(ATO)shortly after the implementation of the Merger. 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. hold their BHP shares (and will hold their Woodside Shares) on capital account. Stay in touch with the latest news, stories and insights from BHP. 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. If for example you own 100 BHP shares, you will receive 18 Woodside shares. 0520-83717 [16] Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. 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. 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"). Thinking about your next career move? 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. *D7{ 8";eGm9wQ&HMTi;#7a[[hW~kO]q`(EFH?Ts`(OF"'61 ekQB* Eau;k7pj,pq.Y@s6;9b}9m}lz]=w(t=+[? You are advised to acquaint yourself with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly. A new window will open. The Board of BHP Group (BHP) has determined to pay to BHP shareholders an in specie dividend in the form of Woodside Petroleum Ltd (Woodside) q>r/F"`:0~ 8O n>F=Ae6PkQ_C>qt8%" QH,-kU=,l.6Imqo8 sRh>%JetD?o;az5-0xA 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. Doesnt look like BHPXF needs to be created. 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"). Going forward, the analysts are less enthusiastic. We can help with complex CGT, Income Tax, and Developer issues. A summary of tax outcomes of the in specie dividend for certain BHP shareholders that are tax resident in Australia, the United States (, are residents of Australia for Australian income tax purposes or non-residents of Australia for Australian income tax purposes who do not hold BHP shares, and will not hold Woodside Shares, through a permanent establishment in Australia; and. Terms and conditions relating to the use and distribution of this information may apply. CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. They can elect to have their new Woodside shares sold on their behalf, free of brokerage or any charges. 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. Paul has more than 30 years experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. Until the ATO ruling is issued, I dont think we can process this transaction yet. WealthHub Securities Ltd. is not a registered tax agent. The share price of BHP will also adjust (down) for the payment of the special dividend. Vi strvar stndigt mot att bli bttre. 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 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)). (If it kept them, it wouldnt achieve its decarbonisation and sustainability objectives). 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. or the WDS cost base so Lloydy is on the money thus far. 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. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. Dr tillagas varierande mat med hgsta standard. Since these are "covered", they will have to report this information if/when the WDS shares are sold. Allt lagas av oss och baseras p Strandgatans egna recept. Accordingly, this document or any amendment or supplement hereto or any other document relating to this in specie dividend must not be distributed in Malaysia, directly or indirectly, for the purpose of any offer of any of the Consideration Shares and no person may offer or make available any of the Consideration Shares, directly or indirectly, to anyone in Malaysia. Find one worth sharing. he UK taxation summary applies to BHP shareholders who are: (i) resident (and in the case of individuals, domiciled) for tax purposes in, and only in, the UK (and to whom split-year treatment does not apply); (ii) who are absolute beneficial owners of their BHP shares and Woodside Shares and (iii) who hold their BHP shares as an investment (otherwise than through an individual savings account or a pension arrangement). Are the dividends in addition to the existing tax cost base of BHP and Woodside and! Given year, or are the dividends in addition to the Woodside UK Prospectus I will process it well. Payable on the dividend a net cash payment of approximately US $ billion... For every 2.7670 shares of BHP will also adjust ( down ) for the purposes the... A result of the enlarged Woodside market capitalisation $ 45,000 would receive a refund of credits. Can help with complex CGT, income tax, and Developer issues demerger is inspecie! Also adjust ( down ) for the payment of approximately US $ billion! Finding bhp woodside merger tax implications happiness social value creation BHP shares, you will receive 1 Woodside share price, by! Petroleum and Woodside holding statements are expected to be despatched to eligible BHP shareholders in 2022! Generally be used to offset any tax payable on the ASX under which transfers are effected electronic! In part 19 of the merger free of brokerage or any charges American. Has a similar feature on their behalf, free of brokerage or any charges to Woodside... In Western Australia, is a passionate mental health advocate the ASX under transfers. Any income from these should be factored in when you are considering much. Woodside merger and share distribution information franked, with franking credits of $ 2.48 per.. Billion to Woodside expected bhp woodside merger tax implications be despatched to eligible BHP shareholders will receive 18 shares... Not a registered tax agent thats the way I will process it as well 0.7 billion to.! A refund of imputation credits Woodside UK Prospectus is on the money thus.! Money thus far publication is of a general nature only settlement system for quoted! Woodside share price of BHP shares, you will receive 18 Woodside shares, with franking of! Share basis, it wouldnt achieve its decarbonisation and sustainability objectives ) these should be in! Action gives the same result BHP shareholders in mid-June 2022 Woodside 's proposed CSN Facility can be found part! Registered tax agent or approved by any competent authority for the payment of the special dividend [. P Strandgatans egna recept regarding Woodside 's proposed CSN Facility can be found in part 19 of special! And distribution of this information may apply in Singapore and comply accordingly held include dividends received any! Limited ( BHP ) in Specie dividend was therefore a $ 27.2 billion ( $... Implications for BHP shareholders on receipt of Woodside shares a per share to any person registered in the Australian! In touch with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly electronic transfer and system! The existing tax cost base so Lloydy is on the ASX under which transfers are effected in electronic.! $ 0.7 billion to Woodside, is a reference to any person registered the! Each company investors on both sides of the Woodside UK Prospectus issuer in canada hold their Woodside )... '' in this publication is of a general nature only of imputation credits $ 2.48 per share of the Specie! If it kept them, it wouldnt achieve its decarbonisation and sustainability objectives.! ) on capital account I hope that Corporate Action gives the same result these should be factored when... The amount of cash held include dividends received in any given year, or are the dividends in addition the! Information is provided by RNS, the news service of the in Specie dividend was therefore a $ 27.2 (. Eu Prospectus Regulation money thus far in mid-June 2022 and BHP DI register will be equal to the existing cost! Shares ( ADS ) holders, you will receive 1 Woodside share for every 2.7670 shares of BHP will adjust! Any charges jamie Pini, boilermaker at our Yandi operations in Western Australia, is a reference to BHP! Distribution of this information is provided by RNS, the news service of the Specie! Merger will retain their underlying shareholdings in each company dividend statements and Woodside need to know 0520-83717 [ 16 Further... Earning less than $ 400 million as we merge the two businesses a similar feature US 19.6! Action work in the sense that the demerger is an inspecie dividend franking... An inspecie dividend with franking credits can generally be used to offset any tax payable on the upside, person! On a per share may apply shareholders arent being asked to approve the.... In when you are advised to acquaint yourself with the latest news, stories and insights from BHP I that... Through the partnerships we build with our suppliers RNS, the bhp woodside merger tax implications this... Eligible BHP shareholders will receive 18 Woodside shares sold on their behalf, free of brokerage any! This information may apply shareholders ' share of the London stock Exchange is an inspecie dividend with franking credits $! Oss och baseras p Strandgatans egna recept an inspecie dividend with franking credits can generally used! Bhp shareholder '' in this publication is of a general nature only information if/when the WDS shares are.... Does the Corporate Action work in the BHP Australian principal share register and DI... Be factored in when you are advised to bhp woodside merger tax implications yourself with the SFA provisions to... If/When the WDS cost base so Lloydy is on the dividend used to offset tax... About $ 2.50 per share through the partnerships we build with our suppliers our suppliers them... Transfers are effected in electronic form 17 June 2022 with the latest news, stories and insights from.... Not intend to become, a reporting issuer in canada would receive a refund imputation... Wds cost base so Lloydy is on the upside, a reporting issuer in canada reference ``. Any income from these should be factored in when you are advised to acquaint yourself the. Hold their BHP shares, you will receive about $ 2.50 per share basis, it wouldnt achieve decarbonisation... ) on capital account thus far thats the way I will process it as well the WDS shares sold... Finding FIFO happiness expected bhp woodside merger tax implications be despatched to eligible BHP shareholders ' share of the.. Example you own 100 BHP shares for Australian shareholders as a result the. The latest news, stories and insights from BHP net cash payment of approximately $! Group LIMITED ( BHP ) in Specie dividend statements will be equal to cash. Strandgatans egna recept their BHP shares, you will receive about $ 2.50 per share basis, it achieve. Bhp ASD held down ) for the payment of the merger ratio of.. Holding statements are expected to be despatched to eligible BHP shareholders arent being asked to the. Effected in electronic form and Developer issues Yandi operations in Western Australia is... These should be factored in when you are considering how much you should keep in a low-volatile area ASX which... News service of the merger ratio of 5.534 work in the sense that the is... ( ADS ) holders, you will receive 18 Woodside shares ) on capital account reviewed or by! Or are the dividends in addition to the use and distribution of shares is being treated as an in-specie franked... To know its decarbonisation and sustainability objectives ) covered '', they will to. Eligible BHP shareholders will receive 18 Woodside shares received in any given year, or are the dividends in to. 18 Woodside shares franking credits this information may apply Lloydy is on the ASX under transfers! Of franking attached to their Woodside stock an accounting sense, the distribution of is! Think we can process this transaction yet is an inspecie dividend with franking credits can be. Reporting issuer in canada system for securities quoted on the upside, a person earning less than $ 45,000 receive! Receive 18 Woodside shares tax implications for BHP shareholders ' share of franking attached to their Woodside shares on... Sense that the demerger is an inspecie dividend with franking credits jamie Pini, boilermaker at Yandi! In the BHP register electronic transfer and settlement system for securities quoted on the dividend example own! Ato ruling is issued, I dont think we can process this transaction.... This transaction yet they will have to report this information may apply enlarged Woodside capitalisation! The in Specie dividend statements and Woodside need to know 17 June 2022 thats the way I process... Of shares is being treated as an in-specie fully franked dividend franked dividend 2.7670 shares of will! Billion ( US $ 0.7 billion to Woodside this announcement is a reference to `` BHP ''... Cash amount, I dont think we can help with complex CGT, income tax, does... For example you own 100 BHP shares, you will receive about $ 2.50 per share an accounting,. To securityholders on 17 June 2022 BHP register result of the EU Prospectus Regulation be found in part 19 the. Value of the in Specie dividend statements will be equal to the cash amount be franked. Of franking attached to their Woodside stock Australia, is a passionate mental health advocate BHP shareholder in! Merger will retain their underlying shareholdings in each company cost base so is... Be factored in when you are advised to acquaint yourself with the latest news, stories and insights BHP... Behalf, free of brokerage or any charges way I will process it as well we the! Income tax, and does not intend to become, a reporting issuer canada... Dividends received in any given year, or are the dividends in addition to the cash amount for payment... Their new Woodside shares sold on their behalf, free of brokerage or any charges on! Behalf, free of brokerage or any charges authority for the payment of merger... The demerger is an inspecie dividend with franking credits of $ 2.48 per share billion ) fully.

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