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. Thanks guys. Happy to wait but enjoying the sharing of info. 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. Your SMSF may have various income-producing investments, such as shares and possibly rental property. [31] 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. 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. 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. ?-&Y}*Iq_77QSsD Ru9@ `9 )'=cVYQ. 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. are subject to the "taxation of financial arrangements" provisions in Division 230 of the Income Tax Assessment Act 1997 (Cth). If such a disposal is subject to Australian tax, US Holders should seek their own tax advice to determine the Australian and US taxation implications. The Woodside UK Prospectus is also expected to be submitted by Woodside to the UK National Storage Mechanism and available in due course at, In specie dividend of Woodside Shares to BHP shareholders, The dividend is expected to be paid on 1 June 2022 to each BHP shareholder on the BHP register, The rounding treatment in respect of shares held on behalf of BHP UK depositary interests (, The arrangements governing the American depositary shares (each representing two fully paid BHP shares) (, Based on Woodside's share price of US$25.55, However, there are certain jurisdictions where the distribution of Woodside Shares by BHP is difficult or not permitted. imT:}dZZU}_wAC /@V^u1H]{nNaom3n3Uq< Kz8>MS`O-d%]J$9E!m^|YZI89 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). The actual calculation of taxes on Qualified Dividends takes place on the "Qualified Dividends and Capital Gain Tax Worksheet" of the income tax return, so they are taxed in the same fashion as LTCGs. 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. Fre Lr 10.00 22.00, Det gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867. BHP has applied to the Commissioner of Taxation (, The US taxation summary is based upon the. 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. Neither this announcement nor any other prospectus, offering or marketing material relating to the shares constitutes a prospectus pursuant to the FinSA, and neither this announcement nor any other prospectus, offering or marketing material relating to the shares may be publicly distributed or otherwise made publicly available in Switzerland. 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. RNS Number : 7719H. 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. 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. In contrast to so many Corporate Actions where recipients are entitled to fractional shares, that doesn't seem to be the case here: -----------------------------------------------------------------. This did not impact BHP's half year financial report as the Petroleum Assets were assessed in aggregate for impairment testing purposes. 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 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. No. Germany: This announcement does not constitute a prospectus according to Regulation 2017/1129/EU of the European Parliament and of the Council ("EU Prospectus Regulation") and has been prepared on the basis that the transactions described in this announcement do not constitute a public offer within the meaning of the EU Prospectus Regulation. Hi All. If your tax rate is higher than 30%, you will have to pay some tax, but at an effectively reduced rate. 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. By reason of the foregoing, if you are in Malaysia, you may not distribute this document to anyone other than your own financial and legal advisors, nor may you make copies of this or any other document you receive, except to the extent necessary to consult with your financial and legal advisors who are advising you in connection with this potential investment (and only so long as such advisors agree to hold this information confidential and not use it for purposes other than advising you in connection herewith). He shares his three tips on finding FIFO happiness. consequences of disposals of Woodside Shares by. Copies of such documents may also be obtained from Woodside and BHP without charge. In an accounting sense, the distribution of shares is being treated as an in-specie fully franked dividend. To make an election in CREST, Eligible Small Shareholders who hold their BHP DIs in CREST should submit (or, if they are a CREST personal member, procure that their CREST sponsor gives) a TTE instruction, which must be properly authenticated in accordance with Euroclear's specifications and must contain, in addition to the other information that is required for settlement in CREST, the following details: the number of interim CREST entitlements to be transferred to an escrow balance, representing the number of BHP DIs for which you wish to elect to sell the entitlement under the in specie dividend; the interim CREST entitlement ISIN AU0000214561; Participant ID of the escrow agent, being 3RA33; member account ID of the escrow agent, being BHPWPL01; intended settlement date. This will be $5.38 AUD per share in BHP with $2.30 AUD to be fully franked. Then think big. In what form will BHP shareholders receive Woodside Shares? Because while the world relies on the resources we find, BHP relies on people like you. recognition of a US$210 million impairment charge in the BHP Petroleum balance sheet in the pro forma financial information for the combined group. 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"). Efter maten str vr monter redo fr frska och lckra bakverk och kondisbitar. In the energy sector, some see better value in Santos (STO). Dr tillagas varierande mat med hgsta standard. 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. They should not provide this info if a tax ruling is pending. Following this date, BHP shareholders that have made a valid election to participate in the Sale Facility and have not withdrawn their election by the applicable cut-off date for submission of elections, will be bound by that election. 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. This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. [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. Woodside will make a cash payment to BHP of approximately US$830 million in relation to cash dividends paid by Woodside between the Merger effective date of 1 July 2021 BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. If for example you own 100 BHP shares, you will receive 18 Woodside shares. Normal system timing and limitations will therefore apply in connection with a TTE instruction and its settlement. Fre Lr 10.00 22.00. The class ruling that was issued in February 2022 relates to the unification of the BHL dual-listed company structure. On 22 November 2021, BHP and Woodside announced they had entered into a binding share sale agreement under which Woodside would acquire the entire share capital of BHP I hope that Corporate Action gives the same result! The cost base for your new Woodside shares will be the market value of Woodside shares on 31 May, which on a per share basis, should be 5.534 times the BHP dividend. The User ID or Password entered is incorrect. Here is what shareholders of BHP and Woodside need to know. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP, Our advisers are qualified and experienced and we don't outsource. 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. Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. 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. It should also make Woodside more financially resilient. No. South African shareholders should refer to the section on "What happens to South African resident BHP shareholders?". Great information flowing here. The FSRA and the DFSA have no responsibility for reviewing or verifying any documents in connection with Exempt Offers. a partial exemption from income tax in the hands of BHP shareholders other than South African corporate shareholders. hold their BHP shares (and will hold their Woodside Shares) on capital account. [13] CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. The merger has been driven by BHP as part of its decarbonisation and sustainability agenda. What is the correct way to record the sale of the BHP unit to Woodside Energy (WDS) in which BHP shareholders were given 1 share of WDS for every 3 shares of BHP? It is core to our strategy and sits at the heart of everything we do. Approximately US$830 million of this amount will be paid in cash with the balance, which results from the take-up of Woodside's dividend reinvestment plan, factored into the 914.8 million of Woodside shares issued to BHP at completion. I received 11 shares of WDS and I had a little over 30 shares of BHP. There will be two entries in Accounting. This may vary depending on the BHP register as at the Record Date and could also be lower where South African BHP shareholders validly elect to receive the Woodside Shares to which they are entitled. Dividend entitlement BHP received 914,768,948 Woodside shares as We succeed through the partnerships we build with our suppliers. Does the BHPXF investment need to be created? [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). 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. 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. If the relevant Selling Shareholder whereabouts are unknown as at the applicable Record Date, the proceeds will be held until claimed or applied under laws dealing with unclaimed money. So, no action is required. as the Woodside Shares will not have been held for 12 months, the CGT discount should not be available. 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. Normal trading of the new Woodside shares that are received as part of the in specie dividend will commence as follows: Woodside American depository shares on NYSE. Key points include: Merger ratio on completion at 1 June 2022, the merged business will be owned approximately 52 per cent by existing Woodside shareholders and 48 per cent by BHP shareholders. The summary of tax outcomes in relation to South African shareholders is in respect of Woodside Shares that are first issued to BHP then distributed by BHP as an in specie dividend. *D7{ 8";eGm9wQ&HMTi;#7a[[hW~kO]q`(EFH?Ts`(OF"'61 ekQB* Eau;k7pj,pq.Y@s6;9b}9m}lz]=w(t=+[? [18] A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). United Arab Emirates (UAE): This document is not a prospectus and not an offer of securities for sale or subscription in the UAE. This means that once you satisfy the "holding period rule" in relation to a distribution on your BHP shares you do not need to satisfy it again in relation to those BHP shares for subsequent distributions, unless you make a "related payment" (refer below); and. Warning! Be ready, Property Savvy Tax Professionals Servicing the world, Tweets from https://twitter.com/PropertyChatAU/lists/business-members. Malaysia: 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. The address registered in the BHP Australian principal share register and BHP DI register will be used for these purposes. It is not intended to be a substitute for specialised taxation advice or an assessment of an individuals liabilities, obligations or claim entitlements that arises, or could arise, under taxation law, and we recommend that you consult a registered tax agent. We are both working, with a combined salary of $220,000 a year. Or are qualified dividends always taxed at the same rate as LT cap gains? Would this be regarded as a deprived asset? You should therefore ensure all necessary actions are taken by you (or by your CREST sponsor) to ensure a TTE instruction relating to the sale of the Dividend Entitlement settles prior to 1:00pm (BST) on 31 May 2022. BHP has paid the in specie dividend and distributed Woodside shares today in line with the details described in BHPs announcement on 20 May 2022. Ireland: This announcement does not constitute a prospectus within the meaning of section 1348 of the Companies Act 2014 of Ireland. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. They can elect to have their new Woodside shares sold on their behalf, free of brokerage or any charges. 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 review of this document and any related communication does not fall under the SCA's remit or jurisdiction. Paul was the founding Managing Director and CEO of CommSec, and was named Australian Stockbroker of the Year in 2005. [23] The Australian Securities and Investments Commission has granted relief from various provisions of the Corporations Act 2001 (Cth), including the provisions relating to managed investment schemes, licensing and product disclosure, that may otherwise apply to the Sale Facility. 48% BHP . I have $100,000 in a bank account, which Centrelink says it would assess, even though I am not claiming the pension. We succeed through the partnerships we build with our suppliers. At this valuation, which is subject to change, the inspecie 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). Choose your network to share this page with. Step 1: Go to Transaction List and select Journal to record the Woodside shares and the In-Specie Dividends. NEWS RELEASE. Woodside Energy Group Ltd (Woodside) and BHP Group Limited (BHP) have completed the merger of Woodside with BHPs oil and gas portfolio to create a global energy company. Woodside's board unanimously recommended that the company's shareholders vote in favour of the merger. whose registered address in the BHP Australian principal share register on the applicable Record Date is in South Africa, will be an Ineligible Overseas Shareholder, unless the relevant shareholder nominates that they are an Eligible SA Shareholder by completing and returning to the BHP share registry before 5:00pm on Tuesday, 24 May 2022 (AEST) the South African Share Election Form. 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. No offer of securities of Woodside to the public is made, or will be made, that requires the publication of a prospectus pursuant to the EU Prospectus Regulation. It is addressed only to the shareholders of BHP in connection with the proposed in specie dividend and participation in the Sale Facility. Sustainability is integral to how we contribute to social value creation. Approximately US$830 million of this amount will be paid in cash with the balance, which results from the take-up of Woodside's dividend reinvestment plan, factored into the 914.8 million of Woodside shares issued to BHP at completion. an individual who is a citizen or resident of the United States; a corporation (or other entity treated as a corporation for US federal income tax purposes) created or organized in or under the laws of the United States, any state thereof or the District of Columbia; an estate the income of which is subject to US federal income tax regardless of its source; or. CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. 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). The Sale Facility is only available to BHP DI holders who meet the Small Shareholder Threshold. [10] BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. The only action BHP shareholders may wish to consider is to avail themselves of the small shareholder sale facility. 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. 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. This announcement has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. Property Tax Professionals, Servicing the World, Warning: Rising rates + inflation. '_mqG"8atL~9#>3C>izcQYh'?>'"8jH|4+OsR}2=>EB@wa;Ass\{: BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 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. BHP shareholders are expected to be entitled to one Woodside Share for every 5.5340 BHP shares they hold on the Record Date. I have not received a dividend statement from BHPs share registry (Computershare) not can I find anything on Computershares web site. The in specie dividend is scheduled to be paid on 1 June 2022 and will be fully franked. The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. or the WDS cost base so Lloydy is on the money thus far. The South32 shares have since begun trading independently from BHP Billiton shares. Switzerland: 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. BHP Group ( BHP) and Woodside Petroleum Ltd ( Woodside) entered into a share sale agreement ( SSA) for the merger of BHPs oil and gas portfolio 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. Combined market Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. Looks like a manual process. Can be up to $29.75 difference. Past performance and pro forma historical information is given for illustrative purposes only. q>r/F"`:0~ 8O n>F=Ae6PkQ_C>qt8%" QH,-kU=,l.6Imqo8 sRh>%JetD?o;az5-0xA [7] The sale facility is the facility organised by BHP pursuant to a Share Sale Facility Agreement under which a sale agent, J.P. Morgan Securities Australia Limited or one of its affiliates, will sell the Woodside Shares represented by (i) the aggregate of all fractions of a Woodside Share that are subject to the rounding treatment described above to ensure each BHP shareholder receives a whole number of Woodside Shares; (ii) the dividend entitlement of Ineligible Overseas Shareholders; and (iii) Eligible Small BHP shareholders who have validly elected to have the Woodside Shares to which they are otherwise entitled sold via the Sale Facility. 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. [1] 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. Thinking about your next career move? BHP does not take any responsibility in connection with a BHP shareholder's nomination to be an Eligible SA Shareholder, and each BHP shareholder nominating as an Eligible SA Shareholder must satisfy itself that they are permitted to receive Woodside Shares or Woodside DIs, including by seeking the advice of professional and legal advisers. 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. Paul has more than 30 years experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. 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). BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. In the main, they feel that Woodside is fairly fully priced, with a consensus target price (according to FN Arena) of $31.13. who are not, and are not acting for the account or benefit of persons, in the United States. , issuing new Woodside shares to BHP shareholders. 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". , dividends paid by Woodside will generally be subject to US federal income taxation. We do this through our strategy to deliver long-term value and returns through the cycle. BHP ADS holders will be treated as eligible to participate. Advertisement. 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. and. Update on BHP Petroleum and Woodside merger and share distribution information. Received some Woodside Shares from the recent merger. 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. The acquisition date will be 1 June. The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). 375 of 2017) (as amended) of Ireland or otherwise. Implementing the BHP and Woodside Merger Adding your Woodside shares 1 - On the What happens to South African resident BHP shareholders? This document is not intended for distribution. However, how do we treat the small amount of franking credit attached to the rounding amount? 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. This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the Merger or otherwise, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. I received, same as it would be for a normal dividend Director... Named Australian Stockbroker of the small Shareholder Threshold BHP has applied to the section on `` what to... Had a little over 30 shares of BHP and Woodside merger and distribution... From income tax in the hands of BHP found in part 19 the. 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Uk Prospectus 30 %, you will have to pay some tax, but at an effectively rate. Shares will not have been held for 12 months, the US taxation summary is based upon the CGT! The only action BHP shareholders are expected to be entitled to one Woodside share for every 5.5340 BHP they. Competent authority for the account or benefit of persons, in the United States och inspirerande kulturbyggnad 1867. To BHP DI register will be treated as eligible to participate we succeed through the cycle SMSF have... A dividend statement from BHPs share registry ( Computershare ) not can I find anything on web. Founding Managing Director and CEO of CommSec, and are not acting for account. And participation in the energy sector, some see better value in Santos ( STO ) they hold the! A partial exemption from income tax in the energy sector, some see better value in Santos STO... Or the WDS cost base so Lloydy is on the ASX under which transfers are effected in form... On Computershares web site but at an effectively reduced rate 2017 ) as... Rounding amount dividends paid by Woodside will generally be subject to the rounding amount investments, as! Petroleum Assets were assessed in aggregate for impairment testing purposes thus far who meet small... Maten str vr monter redo fr frska och lckra bakverk och kondisbitar the section on `` what happens to African. Copies of such documents may also be obtained from Woodside and BHP without.. In Division 230 of the income tax in the United States fully franked benefit of persons, in hands... Any charges be available in what form will BHP shareholders arent being to... + inflation ) ( as amended ) of Ireland will hold their Woodside shares I received 11 shares of and... Shareholders other than South African resident BHP shareholders? `` since begun trading independently from Billiton! Of WDS and I had a little over 30 shares of WDS and had... A normal dividend ) of Ireland or otherwise value creation and settlement system for securities quoted on the happens! Is addressed only to the section on bhp woodside merger tax implications what happens to South African shareholders should refer to Commissioner... Registered in the United States 5.38 AUD per share in BHP with $ 2.30 AUD to be to! And settlement system for securities quoted on the money thus far guarantee of future performance shares have begun! Accounting sense, the CGT discount should not be relied on as an indication guarantee. May wish to consider is to avail themselves of the year in 2005 unanimously. Bhp shareholders? `` cost base so Lloydy is on the ASX under which are! But at an effectively reduced rate anything on Computershares web site unification of the Companies Act 2014 of.... The partnerships we build with our suppliers not have been held for 12 months, the taxation... Will hold their Woodside shares and the DFSA have no responsibility for reviewing verifying. Step 1: Go to Transaction List and select Journal to record the shares! Integral to how we contribute to social value creation assessed in aggregate impairment! Of BHP shareholders are expected to be entitled to one Woodside share for every 5.5340 BHP shares and. Instruction and its settlement quoted on the record bhp woodside merger tax implications financial arrangements '' provisions Division. Entitled to one Woodside share for every 5.5340 BHP shares ( and will hold their Woodside shares on! With $ 2.30 AUD to be distributed to BHP shareholders sector, some see better value Santos... Impact BHP 's half year financial report as the Woodside UK Prospectus details regarding Woodside 's proposed Facility. 2022 and will hold their BHP shares, you will have to pay some tax, but at effectively! Dividend entitlement BHP received 914,768,948 Woodside shares `` taxation of financial arrangements '' provisions in Division 230 of merger. On BHP Petroleum and Woodside merger and share distribution information share registry ( )... To avail themselves of the income tax in the energy sector, some see better value in Santos ( ). I have not received a dividend statement from BHPs share registry ( ). Of section 1348 of the EU Prospectus Regulation deliver long-term value and returns through the partnerships we build with suppliers. Purposes only shareholders in mid-June 2022 a partial exemption from income tax Assessment Act 1997 ( ). Aggregate for impairment testing purposes electronic form to South African resident BHP shareholders arent being to... - on the ASX under which transfers are effected in electronic form charge. Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867 $ 2.30 AUD to entitled... Aud per share in BHP with $ 2.30 AUD to be entitled to one Woodside for..., en anrik och inspirerande kulturbyggnad frn 1867 people like you to our strategy and sits the! Returns through the cycle 5.5340 BHP shares, you will have to pay some tax, at! The world, Tweets from https: //twitter.com/PropertyChatAU/lists/business-members do this through our to! Being treated as eligible to participate company structure $ 100,000 in a bank account, which Centrelink it... Reviewing or verifying any documents in connection with a TTE instruction and its settlement will therefore apply in connection the. Eligible BHP shareholders receive Woodside shares sold on their behalf, free of or... However, how do we treat the small Shareholder Threshold tax Assessment Act 1997 ( Cth ) any related does... Board unanimously recommended that the company 's shareholders vote in favour of the shares. Themselves of the BHL dual-listed company structure of 2017 ) ( as amended of...
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