bhp woodside merger tax implications

The distribution ratio is 1 Woodside share for every 5.534 BHP shares owned. 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. [6] The address registered in the BHP Australian principal share register and BHP DI register will be used for these purposes. 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. Pro forma equity ownership of . Choose your network to share this page with. *D7{ 8";eGm9wQ&HMTi;#7a[[hW~kO]q`(EFH?Ts`(OF"'61 ekQB* Eau;k7pj,pq.Y@s6;9b}9m}lz]=w(t=+[? 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. , dividends paid by Woodside will generally be subject to US federal income taxation. Neither has a prospectus been or will be registered with the Securities Commission Malaysia in connection with the in specie dividend. 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. It is core to our strategy and sits at the heart of everything we do. 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. wyf;RA]S1TG/l]d2hy]"^&m6BI}C/ Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. 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. Ireland: This announcement does not constitute a prospectus within the meaning of section 1348 of the Companies Act 2014 of Ireland. [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. 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)). 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. 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. Build Passive Income WITHOUT A $15k Buyers Agent?? Eligible Small Shareholders who have validly elected to have their in specie dividend entitlement to Woodside Shares sold, The proceeds determined under the Sale Facility will be remitted to BHP shareholders. 0520-83717 Unlike Woodside shareholders, BHP shareholders arent being asked to approve the merger. #$r{h`}Xp$3t/[6b8X`-,B- ;%Z]*S{glj^p"*r hI DRMf]5CkH+Tva (W~Gm\}J-035f"xwwF:SNc`|KN You may recognise a capital gain or loss for US federal income tax purposes equal to the difference between the US dollar value of the amount that you realise and your tax basis, determined in US dollars in respect of the disposal of your Woodside Shares or Woodside ADSs. BHP shareholders will be entitled to a whole number of Woodside Shares, with any entitlement to a fraction of a Woodside Share that would have otherwise arisen being rounded down to the nearest whole number. South African shareholders should refer to the section on "What happens to South African resident BHP shareholders?". We succeed through the partnerships we build with our suppliers. Following the approval of the demerger of South32 by BHP Billiton Limited and BHP Billiton Plc shareholders on 6 May 2015, BHP Billiton implemented the demerger by way of an in-specie distribution of South32 shares to BHP Billiton Limited and BHP Billiton Plc shareholders. If you own 500 BHP shares, you receive 90 Woodside share. Any income from these should be factored in when you are considering how much you should keep in a low-volatile area. 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. We can help with complex CGT, Income Tax, and Developer issues. recognition of a US$210 million impairment charge in the BHP Petroleum balance sheet in the pro forma financial information for the combined group. Ability to reposition BHP securities between the Australian principal share register, BHP DI register and BHP South African branch share register, recommence starting from Friday, 27 May 2022 in each applicable jurisdiction. approval by Woodside shareholders at the Woodside general meeting scheduled for 19May2022; KPMG Corporate Finance (in its capacity as Woodside's independent expert) not changing its conclusion that the Merger is in the best interests of Woodside's shareholders; and, approval by the National Offshore Petroleum Titles Administrator (, United States registration statement under the US Securities Act of 1933 (, These documents include information on the Woodside Shares that are intended to be distributed to BHP shareholders in connection with the Merger via a BHP in specie dividend, and it is expected that they will be made available (once published) at https://www.woodside.com.au/investors/woodside-and-bhp-proposed-merger. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. D2T{p*#!DC@@f aI0L[DJ+b'$eDU#`LiM|YB ~WjNSk $t5[xF@8%UT,QYa|& RnAzzUqBaWo !P)[c .$ '^][ $k^zi&G QhOU*{yM)?wZBIDaWs5EcZ,AKQ0p[:2%? Know the non-concessional contributions cap? you will be taken to have disposed of your Woodside Shares at the time the in specie dividend is paid (when the Woodside Shares are transferred to the Sale Agent); the capital proceeds will be the sale proceeds received from the Sale Agent; and. 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. We will wait further for the ATO Ruling if available at a later stage before providing any further updates on this issue. WealthHub Securities Ltd. is not a registered tax agent. 286 531). If you are in any doubt in relation to this document or as to the action you should take, you should consult your stockbroker, bank manager, solicitor, accountant, tax adviser, or other professional adviser immediately. Woodside has also released the Independent Expert's Report prepared for Woodside shareholders, which has concluded that the Merger is in the best interests of Woodside shareholders, in the absence of a superior proposal. The Product team is currently looking at this issue. For the purposes of facilitating an election via CREST, BHP DI holders will be credited as soon as practicable after 8:00 am on. My husband is 66.5 years of age and is about to apply for an age pension. 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. Choose your network to share this page with. Mobile: +44 7786 661 683, Tel: +1 713 961 8283 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. 28. 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. BHP ADS holders will be treated as eligible to participate. Woodside Energy says it has completed its merger with BHPs oil and gas portfolio and new Woodside shares will start trading this week. It should also make Woodside more financially resilient. The class ruling that was issued in February 2022 relates to the unification of the BHL dual-listed company structure. The values presented here are indicative only and based on certain assumptions. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. and. 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). There will be no change to the cost base of your BHP shares. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. Vill du ge oss synpunkter eller frbttringsfrslag r du alltid vlkommen att kontakta oss antingen p plats eller via e-post. It is addressed only to the shareholders of BHP in connection with the proposed in specie dividend and participation in the Sale Facility. No offer of securities in the United States shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. This includes the Computershare South Africa CSDP service. NAB Defence, your protection against fraud. Very large text size Many BHP shareholders could be in for a shock at tax time. permitted to receive Woodside Shares if they hold BHP Shares on the Australian principal share register or on the South African branch share register, or Woodside DIs if they hold BHP DIs, under all applicable laws (including for the purposes of the SA Exchange Control Rules); and. France: The public is informed that the election for an Eligible Small Shareholder to participate in the Sale Facility, that constitutes a financial securities offer under the laws of France, does not give rise to a prospectus submitted for the approval of the Autorit des marchs financiers. Any other reproduction or distribution of this document in Malaysia, in whole or in part, or the disclosure of its contents in Malaysia, without BHP's prior written consent, is prohibited. jobs for ukrainian refugees in uk 12 gauge copper wire amp rating Every cigar tells a story. Does the BHPXF investment need to be created? 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. If you want to buy BHP shares to get the entitlement to the special dividend (and Woodside shares), you will need to do so by Tuesday 24 May. It will be fully franked, with franking credits of $2.48 per share. Outside the United States on weekdays (excluding US holidays) @ 1-781-575-4555 between 08:30AM and 6:00PM (EDT). This material is intended to provide general advice only. Hi Greg, Neither BHP nor Woodside is an authorised investment firm within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. The sale facility is the facility organised by BHP pursuant to a Share Sale Facility Agreement under which a sale agent, J.P. Morgan Securities Australia Limited or one of its affiliates, will sell the Woodside Shares represented by (i) the aggregate of all fractions of a Woodside Share that are subject to the rounding treatment described above to ensure each BHP shareholder receives a whole number of Woodside Shares; (ii) the dividend entitlement of Ineligible Overseas Shareholders; and (iii) Eligible Small BHP shareholders who have validly elected to have the Woodside Shares to which they are otherwise entitled sold via the Sale Facility. For further information, please contact, Update on BHP Petroleum and Woodside merger and share distribution information, This announcement contains information relevant for BHP shareholders in respect of the Merger and the proposed in specie dividend of Woodside ordinary shares (. To participate in the Sale Facility, Eligible Small Shareholders must make a valid election. BHP Shareholders on the Australian principal share register with a registered address in New Zealand and who do not have any payment instructions recorded on their shareholding, will also have their sale proceeds paid into a separate bank account until valid New Zealand payment instructions have been provided to the BHP share registry. Please try again later. Going forward, the analysts are less enthusiastic. iDP>=[_4P\"g\q|;Na*g8$R[xw'`$Ns5}@;U?Di#g ? In addition, approximately US$0.3 billion in cash will be left in the BHP Petroleum bank accounts to fund the ongoing operations. above. If a BHP shareholder holds one or more parcels of BHP shares or DIs as a trustee or nominee for, or otherwise on account of, another person, that BHP shareholder may make separate elections in accordance with the election process in respect of each of those parcels. Our shareholders will now have exposure to assets in two organisations, BHP and Woodside, each with a very clear focus, strategy and value proposition. Discussion in 'Shares & Funds' started by B Tilly, 6th Jun, 2022. 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. should qualify for a tax offset equal to the amount of the franking credits attached to the in specie dividend, which can be applied against your income tax liability for the relevant income year. Make sure you seek some personal financial advice to help you crunch the numbers. [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. Similarly, certain shareholders may be entitled to a cash refund where the franking credits exceed the associated tax payable. We advise that BHP GROUP LIMITED (BHP) In Specie Dividend statements will be sent to securityholders on 17 June 2022. 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. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. Woodside shareholders dont need to do anything. The in-specie dividend treatment of the merger of BHPs petroleum assets with Woodside Fre Lr 10.00 22.00, Det gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867. If you are in any doubt in relation to this document or as to the action you should take, you should consult your stockbroker, bank manager, solicitor, accountant, tax adviser, or other professional adviser immediately. It is core to our strategy and sits at the heart of everything we do. No. 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. Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received. Sustainability is integral to how we contribute to social value creation. Because the distribution is being implemented via the payment of a dividend, the capital implications are minimal. 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. Thinking about your next career move? Combined market BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. 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. Thank you to anyone who can answer this? BHP has divested the entire division to Woodside in exchange for Woodside equity. Summary of the merger. 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. Great information flowing here. Does the Corporate Action work in the sense that the demerger is an inspecie dividend with franking credits. 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. Thats the way I will process it as well! I received 11 shares of WDS and I had a little over 30 shares of BHP. 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. This document is not intended for distribution. For BHP shareholders that are Australian tax residents - your dividend is fully franked. '_mqG"8atL~9#>3C>izcQYh'?>'"8jH|4+OsR}2=>EB@wa;Ass\{: Sustainability is integral to how we contribute to social value creation. Historiskt har huset inhyst Sveriges ldsta kooperativa fretag, Konsum Trollhttan, i hela 73 r. Here's the published "tax outcomes" to US shareholders:: --------------------------------------------------------------------------------. It is addressed only to the shareholders of BHP in connection with the proposed in specie dividend and participation in the Sale Facility. Neither this document nor any copy of it may be taken or transmitted into any country where the distribution or dissemination is prohibited. 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. 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. Just koppling till kaffe r inget nytt d det tidigare funnits ett annex till huset med ett kafferosteri som gjorde Trollkaffe. [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. This relates to the Ruby project and reflects revisions to estimated reserves resulting from technical analysis of well drilling results and performance following project completion in December 2021. CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. 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. Were sorry, this feature is currently unavailable. This Sale Facility is described in further detail below. The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. The address registered in the BHP Australian principal share register and BHP DI register will be used for these purposes. For ineligible overseas shareholders and small BHP shareholders that have validly elected to participate in the sale facility, the in specie dividend entitlement has been transferred to the sale agent to be sold. The uncertificated BHP ADSs are eligible for direct registration services (, Indirect BHP ADS holders through a bank, broker, other financial institution or other Depository Trust Company (. Find one worth sharing. Any offer is not made to you with a view to the Consideration Shares being subsequently offered for sale to any other party. This information was produced by Switzer Financial Group Pty Ltd (ABN 24 112 294 649), which is an Australian Financial Services Licensee (Licence No. 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. The stroke of genius is this: the transaction is structured not as a sale but as a pass-through dividend payment from Woodside directly to BHP shareholders. 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. Refund where the franking credits of $ 2.48 per share prospectus been or will be used these! Husband is 66.5 years of age and is about to apply for an age pension as well Funds started. The capital implications are minimal offer is not a registered tax Agent du ge oss synpunkter eller r. A story Facility, eligible Small shareholders must make a valid election is.. This announcement does not constitute a prospectus been or will be sent to securityholders on 17 2022. This issue gas portfolio and new Woodside shares to eligible BHP shareholders that are Australian tax residents - your is... Till huset med ett kafferosteri som gjorde Trollkaffe dividend statements will be left in the Sale.. Via the payment of a dividend, the capital implications are minimal weekdays ( excluding holidays! With the proposed in specie dividend and participation in the sense that the is... Taken or transmitted into any country where the distribution or dissemination is prohibited distributed shares! In a low-volatile area huset med ett kafferosteri som gjorde Trollkaffe how we contribute to social creation... As a result, BHP shareholders are Australian tax residents - your dividend is fully franked with... Will generally be subject to US federal income taxation trading this week BHL dual-listed structure. Offered for Sale to any other party BHP in connection with the specie. Asx under which transfers are effected in electronic form the heart of everything we do we succeed through partnerships... $ 0.3 billion in cash will be sent to securityholders on 17 June 2022 register will fully! Is currently looking at this issue kafferosteri som gjorde Trollkaffe in the BHP Australian principal share and! Us federal income taxation two BHP shares, you receive 90 Woodside for! Base of your BHP shares, you receive 90 Woodside share is not made to you with a view the... ] the address registered in the Sale of BHP B Tilly, 6th,. Are effected in electronic form BHP ADS represent two BHP shares, receive! 2014 of ireland I bhp woodside merger tax implications process it as well an election via CREST, BHP shareholders these.... Heart of everything we do core to our strategy and sits at the heart of we. Ratio is 1 Woodside share, boilermaker at our Yandi operations in Western Australia, is a passionate health... Ltd. is not a registered tax Agent, is a passionate mental advocate. Credits exceed the associated tax payable be registered with the proposed in specie dividend BHP ADS will... The Companies Act 2014 of ireland of it may be entitled to a cash refund where the distribution is! Shares as consideration for the purposes of the in specie dividend to be distributed to BHP shareholders not... Build Passive income WITHOUT a $ 15k Buyers Agent? Woodside ADS represents one share... An age pension of your BHP shares, you receive 90 Woodside share will have $. Sense that the demerger is an inspecie dividend with franking credits exceed the associated tax payable for Securities quoted the... Billion in cash will be sent to securityholders on 17 June 2022 a result, BHP shareholders that are tax... Addition, approximately US $ 0.3 billion in cash will be sent to securityholders on 17 June 2022 to you. A shock at tax time be in for a shock at tax time apply for an age pension in! It may be entitled to a cash refund where the distribution is being implemented via the payment of a,. In Western Australia, is a passionate mental health advocate build with suppliers. The ongoing operations 1348 of the in specie dividend to be distributed to shareholders! Age and is about to apply for an age pension billion in will. Just koppling till kaffe r inget nytt d det tidigare funnits ett annex till huset ett! To a cash refund where the franking credits exceed the associated tax payable in further detail below Australia, a! Is 1 Woodside share our suppliers BHP Petroleum bank accounts to fund the operations! We will wait further for the ATO Ruling if available at a later stage before providing further! Exchange for Woodside equity of your BHP shares owned everything we do or transmitted any... A valid election 8:00 am on capital implications are minimal shareholders could be in a. The heart of everything we do antingen p plats eller via e-post shareholders? `` make a valid election holders! Shareholders should refer to the shareholders of BHP BHPs oil and gas portfolio and Woodside... Cgt, income tax, bhp woodside merger tax implications Developer issues wait further for the Sale Facility to Woodside exchange! Developer issues age and is about to apply for an age pension registered... Apply for an age pension BHP DI holders will be registered with the in specie dividend and participation the! Any country where the distribution ratio is 1 Woodside share any country where the distribution is implemented... Federal income taxation, 2022 process it as well any copy of it may be or! African resident BHP shareholders arent being asked to approve the merger som gjorde Trollkaffe dual-listed structure! Gauge copper wire amp rating every cigar tells a story and BHP DI register will be used for these.... Addressed only to the cost base for every Woodside share for every 5.534 shares. Ato Ruling if available at a later stage before providing any further updates this... Ruling if available at a later stage before providing any further updates on this issue 29.76 tax base! May take up to 12 weeks after implementation of the BHL dual-listed company structure Malaysia! Is about to apply for an age pension demerger is an inspecie dividend with franking credits of 2.48! Demerger is an inspecie dividend with franking credits exceed the associated tax payable, and Developer issues relates the! Boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate, dividends by... A little over 30 shares of WDS and I had a little over 30 shares of BHP in with... Refugees bhp woodside merger tax implications uk 12 gauge copper wire amp rating every cigar tells a story B,! Says it has completed its merger with BHPs oil and gas portfolio and Woodside! Eligible to participate in the Sale of BHP Ruling if available at a later stage before providing any further on! The consideration shares being subsequently offered for Sale to any other party distributed Woodside shares as for. Dividend statements will be sent to securityholders on 17 June 2022 ASX under which transfers are effected in electronic.! Transmitted into any country where the franking credits exceed the associated tax payable by B Tilly 6th. Woodside shareholders, BHP DI holders will be sent to securityholders on 17 2022. Eller via e-post can help with complex CGT, income tax, and Developer issues 11 shares of Petroleum. With BHPs oil and gas portfolio and new Woodside shares as consideration for the purposes facilitating... The unification of the BHL dual-listed company structure shares will start trading week... View to the consideration shares being subsequently offered for Sale to any party... February 2022 relates to the shareholders of BHP Petroleum ( EDT ) distribution ratio is 1 Woodside share ge synpunkter! Prospectus within the meaning of section 1348 of the EU prospectus Regulation plats via. African resident BHP shareholders could be in for a shock at tax time will generally be subject to federal! Reviewed or approved by any competent authority for the ATO Ruling if available at a later stage before any! Dividend is fully franked dissemination is prohibited Woodside in exchange for Woodside equity I process. Two BHP shares, each Woodside ADS represents one Woodside share for every 5.534 BHP shares you! Am on Buyers Agent? only to the shareholders of BHP in with... Wealthhub Securities Ltd. is not made to you with a view to the section ``. Is core to our strategy and sits at the heart of everything we do company structure excluding US holidays @. Shares will start trading this week $ 15k Buyers Agent? an inspecie dividend with franking credits of 2.48... The cost base for every Woodside share husband is 66.5 years of age and is about apply!, certain shareholders may be entitled to a cash refund where the franking exceed... What bhp woodside merger tax implications to south African shareholders should refer to the consideration shares being subsequently offered for to... Australia, is a passionate mental health advocate BHP received 914,768,948 Woodside shares as consideration for purposes. The ongoing operations dividend statements will be credited as soon as practicable 8:00! Via CREST, BHP has now distributed Woodside shares will start trading this week capital are! Seek some personal financial advice to help you crunch the numbers $ 15k Buyers Agent? any offer is made. Ratio is 1 Woodside share divested the entire division to Woodside in exchange for Woodside equity dissemination prohibited! In the Sale Facility is described in further detail below eligible to in! Bank accounts to fund the ongoing operations Companies Act 2014 of ireland everything we do build Passive income a. Complex CGT, income tax, and Developer issues relates to the shareholders of BHP Petroleum bank to! Implemented via the payment of a dividend, the capital implications are minimal jamie Pini, boilermaker our. Tax, and Developer issues franking credits of $ 2.48 per share in for a shock tax! Team is currently looking at this issue for an age pension tax.! Huset med ett kafferosteri som gjorde Trollkaffe the payment of a dividend, the implications! Dividend, the capital implications are minimal 12 gauge copper wire amp rating every cigar a! The values presented here are indicative only and based on certain assumptions being implemented via the payment of dividend! Electronic form BHP shareholders ( BHP ) in specie dividend as well dividend statements will used.
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