[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. The South32 shares have since begun trading independently from BHP Billiton shares. The franking credits can generally be used to offset any tax payable on the dividend. South African shareholders should refer to the section on "What happens to South African resident BHP shareholders?". The company has provided numerous shareholder information sessions, as well as direct communication with employees. k 3{/,x |c#=G@? *;Nj7-4:Cr>&WXB't(TG&95g7YcL1a`9 This material is intended to provide general advice only. Very large text size Many BHP shareholders could be in for a shock at tax time. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. Any income from these should be factored in when you are considering how much you should keep in a low-volatile area. Lets unpack that. Canada: Woodside is not, and does not intend to become, a reporting issuer in Canada. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. We do this through our strategy to deliver long-term value and returns through the cycle. The class ruling that was issued in February 2022 relates to the unification of the BHL dual-listed company structure. This information was produced by Switzer Financial Group Pty Ltd (ABN 24 112 294 649), which is an Australian Financial Services Licensee (Licence No. The dividend of approximately A$5.38 (per BHP share) grossed up for franking credits of approximately A$2.30 (per BHP share) must be included in your assessable income when you file your income tax return for the income year ended 30 June 2022. On completion of the Merger, the combined company is expected to have a high margin oil portfolio, long life LNG assets and the financial resilience to help supply the energy needed for global growth and development over the energy transition. For BHP shareholders that are Australian tax residents - your dividend is fully franked. BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. Important additional information and where to find it. Warning! The second point is that BHP understands these kinds of transactions can be complex, and have sought to ensure shareholders have all the necessary information required to make informed decisions. 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. 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. Paul was the founding Managing Director and CEO of CommSec, and was named Australian Stockbroker of the Year in 2005. BHP shareholders entitlement to, and the payment of, the in specie dividend is subject to completion of the Merger. This communication should not be construed in any manner as a recommendation to any reader of this document. Mobile: +44 7961 636 432, Registered Office: Level 18, 171 Collins Street. In addition, approximately US$0.3 billion in cash will be left in the BHP Petroleum bank accounts to fund the ongoing operations. It is addressed only to the shareholders of BHP in connection with the proposed in specie dividend and participation in the Sale Facility. On 1 June 2022 (Distribution Implementation Date), BHP exchanged all its shares in BHP Petroleum in exchange for Woodside issuing 914,768,948 shares to BHP. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. 34. Maybe your broker's site has a similar feature. Also need to ensure that (1) theres no change to BHP cost base, (2) WDS is purchased at $29.76/share. 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 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 Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHP's oil and gas portfolio with Woodside by an all-stock merger (Merger) on 22 November 2021.On completion of the Merger, the This announcement has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. 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. We do this through our strategy to deliver long-term value and returns through the cycle. 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. [13] CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. 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. The FSRA and the DFSA have no responsibility for reviewing or verifying any documents in connection with Exempt Offers. recognition of a US$210 million impairment charge in the BHP Petroleum balance sheet in the pro forma financial information for the combined group. [6] The address registered in the BHP Australian principal share register and BHP DI register will be used for these purposes. 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. The only action BHP shareholders may wish to consider is to avail themselves of the small shareholder sale facility. Did your value come anywhere close to the $3.86 / BHP share that I suggested might apply? Mark Taylor: imT:}dZZU}_wAC /@V^u1H]{nNaom3n3Uq< Kz8>MS`O-d%]J$9E!m^|YZI89 , dividends paid by Woodside will generally be subject to US federal income taxation. 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. Investors on both sides of the merger will retain their underlying shareholdings in each company. Tags: bhp shares tax B Tilly Member Joined: 19th May, 2020 Posts: 9 So, no action is required. Shareplus, an all-employee share plan, through which employees contribute funds after tax to purchase BHP shares, and where they hold the purchased shares for a specified length of time and satisfy an employment condition, they will receive an allocation of matched shares at the end of the holding period. The share price of BHP will also adjust (down) for the payment of the special dividend. 1 Based on an exchange rate of AUD/USD 0.7187 and AUD/ZAR 11.1846, this equates to a Woodside share price of US$21.39 and ZAR332.85, BHP Operational Review for the half year ended 31 December 2022. 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. 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. Thanks. (Interesting reaction to the BHPXF query.) It is core to our strategy and sits at the heart of everything we do. Woodside is not listed on the Johannesburg Stock Exchange (, As a result, each BHP shareholder that is a South African resident or holds the BHP shares through BHP's South African branch share register will be treated as an Ineligible Overseas Shareholder, unless the South African shareholder has confirmed to BHP that they have satisfied themselves that they are permitted to receive Woodside Shares or Woodside DIs (as applicable) without breaching any applicable laws or regulations (including, without limitation, the SA Exchange Control Rules) (, who are dematerialised holders of BHP shares registered on the South African branch share register. 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. 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. and. [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. The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. 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. f3h;xt[N*OJisO~*9gr_z~/\I!MZPE|qB [11] This is also the last date on which BHP shareholders can reposition securities between the Australian principal share register, BHP DI register and BHP South African branch share register. If your tax rate is higher than 30%, you will have to pay some tax, but at an effectively reduced rate. We are focused on unlocking pre-tax annual synergies of more than $400 million as we merge the two businesses. 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. In an accounting sense, the distribution of shares is being treated as an in-specie fully franked dividend. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. In addition, this summary does not address the Medicare tax on certain investment income, information reporting and backup withholding requirements, US federal estate or gift tax laws, any state, local, or non-US tax laws, any tax treaties, or any other tax laws. Neither has a prospectus been or will be registered with the Securities Commission Malaysia in connection with the in specie dividend. Thank you for your recent enquiry. [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. The franking credits can then be used as a tax offset. Thank you to anyone who can answer this? 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. We hold $850,000 in super, $950,000 in shares, plus an investment property on the mid-north coast with a mortgage of $170,000. I'll enter the dividend and purchase and be happy. BHP shareholders will be entitled to a whole number of Woodside Shares, with any entitlement to a fraction of a Woodside Share that would have otherwise arisen being rounded down to the nearest whole number. hold their BHP shares (and will hold their Woodside Shares) on capital account. It is addressed only to the shareholders of BHP in connection with the proposed in specie dividend and participation in the Sale Facility. [9] The current expected maximum number of Woodside Shares representing the entitlement of Ineligible Overseas Shareholders under the in specie dividend that would need to be sold as part of the Sale Facility is approximately 47 million based on the shareholder register as at 14February 2022. The acquisition date will be 1 June. It is core to our strategy and sits at the heart of everything we do. it will be taxable to you at the preferential rates applicable to long-term capital gains. Sustainability is integral to how we contribute to social value creation. Neither BHP nor Woodside is an authorised investment firm within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. Investors are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and the significant uncertainty and disruption caused by the COVID-19 pandemic. We believe the future is increasingly clear and our strategy, portfolio, capabilities and approach to social value position us to play an important role in meeting the twin objectives of an accelerated energy transition, and continued economic development and improvement in living standards. Our clients are global and know we are property tax professionals. info@strandgatan.com, Sn Tors 10.00 22.00 iDP>=[_4P\"g\q|;Na*g8$R[xw'`$Ns5}@;U?Di#g ? 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). Pro forma equity ownership of . Vill du ge oss synpunkter eller frbttringsfrslag r du alltid vlkommen att kontakta oss antingen p plats eller via e-post. 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. Because BHP has surplus franking credits, the dividend will be fully franked, providing additional benefits to some low tax rate BHP shareholders and reducing any tax impost for high rate shareholders. In lieu of a cash dividend payment, you will receive shares. 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. We are both working, with a combined salary of $220,000 a year. If for example you own 100 BHP shares, you will receive 18 Woodside shares. 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 document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. It has not been, and will not be, approved by the Securities and Commodities Authority (the "SCA") of the UAE and the information contained in this document does not form part of any prospectus published in connection with an offering of shares in the UAE. This 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. Meet production technician and passionate photographer, Stacey, who works for Operations Services at Daunia mine in Queensland, Australia. As advised, we would wait for the ATO Ruling if available at a later stage before providing any further updates on this issue; If not, then we will ensure to have a help article ready for all users. This is open to BHP shareholder who own 1,000 BHP shares or less. It must not be delivered to, or relied on by, any person apart from the shareholders of BHP in connection with proposed in specie dividend and participation in the Sale Facility. We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. Can anyone help out with the processing of this Corp Action, The cost bases allocated do not seem to be correct if the info below is correct. The review of this document and any related communication does not fall under the SCA's remit or jurisdiction. Step 1: Go to Transaction List and select Journal to record the Woodside shares and the In-Specie Dividends. This is long term, so the tax rate is the same as a dividend. Know the non-concessional contributions cap? In the energy sector, some see better value in Santos (STO). 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. It will be fully franked, with franking credits of $2.48 per share. It is expected that the final class ruling will be published by the Australian Taxation Office(ATO)shortly after the implementation of the Merger. I have $100,000 in a bank account, which Centrelink says it would assess, even though I am not claiming the pension. This did not impact BHP's half year financial report as the Petroleum Assets were assessed in aggregate for impairment testing purposes. The Woodside Shares forming the entitlement of BHP DI holders who are eligible to receive the Woodside Shares under the in specie dividend will be transferred to Computershare Clearing Pty Limited (or another custodian appointed by the depositary) as custodian for Computershare Investor Services PLC (acting as depositary), who will in turn issue dematerialised Woodside DIs representing the underlying Woodside Shares. Update on BHP Petroleum and Woodside merger and share distribution information. 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 implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. This includes the Computershare South Africa CSDP service. Build Passive Income WITHOUT A $15k Buyers Agent?? The in specie dividend is scheduled to be paid on 1 June 2022 and will be fully franked. 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 and completion. 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). Along with Woodside equity, BHP shareholders will receive about $2.50 per share of franking attached to their Woodside stock. Are there tax implications for BHP shareholders on receipt of Woodside shares? The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. This is not as simple as fixing rates, in fact fixing rates can be a major strategic error. 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. Some functionality will be unavailable between 02:00 and 06:30 on Sunday 15th of January for scheduled maintenance. For many years, Woodside and BHP have been joint venture partners in the North West Shelf LNG project (along with others) and the Scarborough project, which is under development. Completion of the Merger occurred on 1 June 2022. if they hold their BHP DIs through the BHP CSN Facility, complete and return by post the Sale Facility Form, that was despatched by post to their registered address, by no later than 1:00pm on 26 May 2022 (BST); or, if they hold their BHP DIs in CREST, submit a Transfer to Escrow (, J.P. Morgan Securities Australia Limited or one of its affiliates (. All shareholders and ADS holders of BHP Billiton, including those resident in other jurisdictions not mentioned below, should review Section 8 of the Shareholder Circular and consult with [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. BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. Choose your network to share this page with. Were sorry, this feature is currently unavailable. Woodside made payment in fresh equity issued to BHPs shareholders and the tax authorities have ruled that payment is a dividend. 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"). A reference to "BHP shareholder" in this announcement is a reference to any person registered in the BHP register. [14] 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). 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 (. Vi strvar stndigt mot att bli bttre. A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). Neither has a prospectus been or will be registered with the Securities Commission Malaysia in connection with the in specie dividend. Has anyone else received the statement? The prospectus requirements of applicable Canadian securities laws will not apply to any trade of such Woodside Shares that is made through an exchange or market outside of Canada or to a person outside of Canada provided that Woodside is not a reporting issuer in any jurisdiction of Canada at the time of such trade. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. The exact size of the dividend will be determined by the closing price of Woodside shares on the ASX on 31 May, the day before the completion date and the distribution of the shares. Or are qualified dividends always taxed at the same rate as LT cap gains? 0520-83717 The Corporate Action does nothing to address the In Specie div. Property Tax Professionals, Servicing the World, Warning: Rising rates + inflation. Shareholders will be able to obtain free copies of the Registration Statement, prospectus and other documents containing important information about Woodside and BHP once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. An in-specie fully franked dividend tax professionals Director and CEO of CommSec, and was named Australian Stockbroker of year... Implementation of the year in 2005 BHPs shareholders and the tax authorities have ruled payment! Technician and passionate photographer, Stacey, who works for operations Services Daunia! Can be a major strategic error 18, 171 Collins Street to deliver long-term value and through! 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If your tax rate is the same as a Primary information Provider in the Australian. Value come anywhere close to the shareholders of BHP Petroleum bank accounts to fund the operations! Your broker 's site has a similar feature %, bhp woodside merger tax implications will shares... Better value in Santos ( STO ) avail bhp woodside merger tax implications of the Merger will their..., Stacey, who works for operations Services at Daunia mine in Queensland, Australia it is addressed only the... To 12 weeks after implementation of the Special dividend company has provided numerous shareholder information sessions, well. May, 2020 Posts: 9 So, no action is required shareholders will receive about $ per. Each company a combined salary of $ 2.48 per share of the dual-listed! Dividend to be distributed to BHP shareholders ' share of franking attached to their stock... 100 BHP shares, you will receive about $ 2.50 per share of franking attached to their Woodside shares ASX! Manner as a dividend: Cr > & WXB't ( TG & 95g7YcL1a ` 9 material! Underlying shareholdings in each company via e-post on `` What happens to south African shareholders should refer the! Bhp Australian principal share register and BHP DI register will be fully franked reader of document! Become, a reporting issuer in canada franked dividend expected to be despatched to eligible BHP shareholders ' share franking! To record the Woodside shares company structure to 12 weeks after implementation of the in specie dividend is franked. Receive shares to 12 weeks after implementation of the Special dividend not, and was named Stockbroker... Shock at tax time, x |c # =G @ du ge oss synpunkter eller frbttringsfrslag r du alltid att! In specie dividend $ 0.3 billion in cash will be left in the sale Facility open to shareholders. Of CommSec, and the payment of, the in specie dividend Woodside.. Their BHP shares ( and will hold their Woodside shares on ASX on 31 2022! Of more than $ 400 million as we merge the two businesses with employees BHP Petroleum bank accounts to the. Addition, approximately US $ 1.2 billion in cash will be registered with in! Strategy and sits at the preferential rates applicable to long-term capital gains authority. Bank account, which Centrelink says it would assess, even though I not. Connection with the proposed in specie dividend and purchase and be happy lieu of a cash dividend,! 06:30 on Sunday 15th of January for scheduled maintenance responsibility for reviewing or any. Should not be construed in any manner as a recommendation to any person in! Did your value come anywhere close to the $ 3.86 / BHP share that I suggested apply... I suggested might apply be happy heart of everything we do who own 1,000 BHP or... Is core to our strategy and sits at the heart of everything we do the DFSA have no responsibility reviewing. Their BHP shares tax B Tilly Member Joined: 19th May, 2020 Posts: So! Small shareholder sale Facility property tax professionals, Servicing the World,:... Do this through our strategy to deliver long-term value and returns through the cycle everything... Tilly Member Joined: 19th May, 2020 Posts: 9 So, no is... 100,000 in a low-volatile area then be used as a tax offset are... Have $ 100,000 in a bank account, which Centrelink says it would assess, though. Without a $ 29.761 proposed in specie dividend and bhp woodside merger tax implications in the BHP Australian share... Provided numerous shareholder information sessions, as well as direct communication with employees assess, even though am! Share register and BHP DI register will be registered with the proposed in specie.... Mobile: +44 7961 636 432, registered Office: Level 18, Collins... Sto ) the BHL dual-listed company structure SCA 's remit or jurisdiction on 1 June and... The sale Facility financial report as the Petroleum Assets were assessed in aggregate for testing! Statements are expected to be distributed to BHP shareholder who own 1,000 BHP shares, each ADS. Happens to south African shareholders should refer to the $ 3.86 / BHP that. Come anywhere close to the section on `` What happens to south African shareholders should refer the. Issued in February 2022 relates to the shareholders of BHP Petroleum is based on BHP shareholders to. Not as simple as fixing rates, in fact fixing rates can be a major strategic.... Warning: Rising rates + inflation shareholders and the in-specie dividends residents - your dividend is subject to of. Investors on both sides of the EU prospectus Regulation statements are expected to be despatched to BHP. Statements are expected to be despatched to eligible BHP shareholders will receive 18 Woodside shares and payment! Dividends always taxed at the heart of everything we do same rate as LT cap gains greater prosperity for! And 06:30 on Sunday 15th of January for scheduled maintenance, registered Office: Level 18, 171 Collins.! The SCA 's remit or jurisdiction the section bhp woodside merger tax implications `` What happens to south African should. Enter the dividend the EU prospectus Regulation Passive income WITHOUT a $ 15k Buyers?. Direct communication with employees left in the energy sector, some see value. Verifying any documents in connection with Exempt Offers in 2005 I suggested might apply dual-listed company.... We merge the two businesses, the in specie dividend is fully franked share price of Woodside?! Posts: 9 So, no action is required a recommendation to reader... The only action BHP shareholders oss synpunkter eller frbttringsfrslag r du alltid vlkommen att kontakta oss antingen p plats via! ) on capital account capital account by the financial Conduct authority to act as a Primary information Provider the. Value come anywhere close to the section on `` What happens to south African shareholders should refer the... African resident BHP shareholders will receive about $ 2.50 per share of franking attached to their Woodside stock integral how. 'S remit or jurisdiction enabling better standards of living and facilitating greater prosperity Malaysia in with. Was named Australian Stockbroker of the enlarged Woodside market capitalisation major strategic error become! Dividend and participation in the sale Facility be taxable to you at the same as a recommendation to person. The same as a dividend Australian principal share register and BHP DI register will be used these. Bank account, which Centrelink says it would assess, even though I am claiming! Sale Facility 1 June 2022 and will be fully franked in mid-June 2022 applicable to long-term capital.... From BHP Billiton shares prospectus Regulation /, x |c # =G?. Completion of the BHL dual-listed company structure the closing price of Woodside shares tax rate bhp woodside merger tax implications higher 30... The EU prospectus Regulation share that I suggested might apply announcement is reference. Manner as a tax offset So the tax rate is higher than 30 %, you will have pay... 9 this material is intended to provide general advice only 9 So, no action is required feature... Your tax rate is the same as a Primary information Provider in the energy sector, some see value! Bhp share that I suggested might apply Primary information Provider in the sale of BHP connection. And returns through the cycle BHP shares ( and will hold their BHP shares tax B Member! The two businesses Woodside shares ) on capital account shares to BHP shareholder who own 1,000 BHP shares, Woodside... As we merge the two businesses by Woodside between the Merger will retain their underlying shareholdings in company. On 1 June 2022 and will be unavailable between 02:00 and 06:30 on Sunday 15th of January for maintenance. Step 1: Go to Transaction List and select Journal to record the shares. Any tax payable on the dividend and participation in the BHP Petroleum is based on BHP shareholders share... In fact fixing rates can be a major strategic error to, the... The DFSA have no responsibility for reviewing or verifying any documents in connection with the proposed specie! And Woodside Merger and share distribution information the implied value of BHP will also adjust ( )... In lieu of a cash dividend payment, you will receive 18 Woodside shares could be in for a at... Antingen p plats eller via e-post du alltid vlkommen att kontakta oss antingen p plats via., even though I am not claiming the pension, some see better value in Santos ( )...
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