For Australian resident shareholders, it will be taxed just like any other dividend. Neither BHP nor Woodside is an authorised investment firm within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. Warning! They should not provide this info if a tax ruling is pending. 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. 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. 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. Summary of the merger. What is the Cost per old share and the cost per new share? 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. 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. All prices and analysis at 2 May 2022. Neither has a prospectus been or will be registered with the Securities Commission Malaysia in connection with the in specie dividend. Based on Woodside's share price of A$33.74 at 6 April 2022 converted at an exchange rate of AUD/USD 0.7572. BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. Hydrocarbon Engineering , Wednesday, 01 June 2022 10:00. 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. 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 (. It has not been, and will not be, approved by the Securities and Commodities Authority (the "SCA") of the UAE and the information contained in this document does not form part of any prospectus published in connection with an offering of shares in the UAE. We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. 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. This did not impact BHP's half year financial report as the Petroleum Assets were assessed in aggregate for impairment testing purposes. Vi strvar stndigt mot att bli bttre. This document is not a prospectus and not an offer of securities for sale or subscription in the UAE. In exchange for its oil and gas assets, BHP is to be issued with 915m shares in Woodside. United Arab Emirates (UAE): This document is not a prospectus and not an offer of securities for sale or subscription in the UAE. [3] 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. Thinking about your next career move? For Woodside, it represents an opportunity to get scale, diversify in geographies, products and end markets, and achieve greater control over some of the major projects it has developed. Looks like a manual process. Highlights, BHP Operational Review for the half year ended 31 December 2022. OJW Ex>O1HN$v#b a"0 bXk *(\*4)ZMD8nGRT6BD6Rtx:- b87!ZN@$7xOfD"`Q &n a` BU9g#@o*s0T|. The current expected maximum number of Woodside Shares representing the entitlement of Ineligible Overseas Shareholders under the in specie dividend that would need to be sold as part of the Sale Facility is approximately 47 million based on the shareholder register as at 14February 2022. hold their BHP shares (and will hold their Woodside Shares) on capital account. are subject to the "taxation of financial arrangements" provisions in Division 230 of the Income Tax Assessment Act 1997 (Cth). He shares his three tips on finding FIFO happiness. Any offer is not made to you with a view to the Consideration Shares being subsequently offered for sale to any other party. Join Australia's most dynamic and respected property investment community. These include the fact that tax would be payable on any personal income derived from the in-specie dividend, as would be the case with a cash dividend payment. Because while the world relies on the resources we find, BHP relies on people like you. I suggest you keep the investment property with an interest-only mortgage, to maintain any tax benefits it may be giving you. 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. 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. or the WDS cost base so Lloydy is on the money thus far. BHP DI holders holding through the BHP CSN Facility will be treated as eligible to participate. [20] BHP reserves the right to reject elections to participate in the Sale Facility made by any BHP shareholder whose aggregate holding of BHP shares or DIs exceeds the Small Shareholder Threshold. The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. nabtrade will be unavailable between 00:00 and 12:15 on Sunday 27 of November for scheduled maintenance. What happens to South African resident BHP shareholders? Any income from these should be factored in when you are considering how much you should keep in a low-volatile area. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. BHP shareholders that have an address registered in the BHP register in these jurisdictions, BHP shareholders whose address is registered on the BHP register on the Record Date in one of the following jurisdictions (, Certain small BHP shareholders can also elect to participate in the Sale Facility and have the Woodside Shares to which they are entitled sold and the cash proceeds determined under the Sale Facility remitted to them (shareholders validly electing to do so being, Cash payment between Woodside and BHP on completion. 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. If a BHP shareholder wishes to withdraw an election they have made to participate in the Sale Facility, they must contact the Shareholder Information Line (see below) by no later than the cut-off date for submission of their election described above. There will be no change to the cost base of your BHP shares. 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. This is also the last date on which BHP shareholders can reposition securities between the Australian principal share register, BHP DI register and BHP South African branch share register. Our purpose is to bring people and resources together to build a better world. 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. 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. This will be $5.38 AUD per share in BHP with $2.30 AUD to be fully franked. 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. 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 proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. The review of this document and any related communication does not fall under the SCA's remit or jurisdiction. Does the BHPXF investment need to be created? It is core to our strategy and sits at the heart of everything we do. For so long as Woodside is not a reporting issuer in Canada, the transfer or resale of such Woodside Shares to, from or for the benefit or account of any person resident in Canada may only be made pursuant to an exemption from, or in a transaction not subject to, the prospectus requirements of applicable Canadian securities laws. We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. Neither this document nor any copy of it may be taken or transmitted into any country where the distribution or dissemination is prohibited. WealthHub Securities Ltd. is not a registered tax agent. This reflects the net cash flows generated by BHP Petroleum, less cash dividends paid by Woodside to BHP, between the Merger effective date of 1 July 2021 and completion. BHP shareholders who become new BHP shareholders close to the cut-off date for submission of elections and who wish to participate in the Sale Facility, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit a Sale Facility election and by no later than 5.00pm on 24 May 2022 (AEST). Quote This announcementcontains information relevant for BHP shareholders in respect of the Merger and the proposed in specie dividend of Woodside ordinary shares (Woodside Shares) to BHP shareholders. This is my intended approach. BHP Group Limited. 52% Woodside . '@p9T;889>Fnlh+mD:qDkza`NP`lVO~2;S$^4:l1M^|b# @\rY?ag,#-v*g!]"q5?JKK Z7Pkw8\KjPG^d 6'V. This announcement does not constitute a prospectus within the meaning of section 1348 of the Companies Act 2014 of Ireland. The review of this document and any related communication does not fall under the SCA's remit or jurisdiction. Pro forma equity ownership of . 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