NAB Defence, your protection against fraud. The sale proceeds may take up to 12 weeks to be remitted to BHP shareholders. Maybe your broker's site has a similar feature. 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. Some functionality will be unavailable between 02:00 and 06:30 on Sunday 15th of January for scheduled maintenance. The BHP link shared by Greg above (BHP Petroleum merger with Woodside | BHP) does shed some light on the accounting treatments needed for this corporate action. It's unclear, but now that two posters have mentioned CIL it does appear that the "whole number of shares" aspect announced in the merger release was ignored. We do this through our strategy to deliver long-term value and returns through the cycle. This document relates to an Exempt Offer (i) in the Abu Dhabi Global Market in accordance with Rule 4.3.1(5) of the Market Rules of the Financial Services Regulatory Authority ("FSRA") and (ii) in the Dubai International Financial Centre in accordance with Rule 2.3.1(e) of the Markets Rules of the Dubai Financial Services Authority ("DFSA"). 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. wyf;RA]S1TG/l]d2hy]"^&m6BI}C/ Hi Leslee BGL support could not tell me why we needed BHPXF ??? These are the only market participants who can liaise directly with the STRATE Nominee which allows for electronic settlement of BHP shares on the JSE. WebBHP Group (BHP) and Woodside Energy Group Ltd (WDS) Merger - May 2022 BHP Group (BHP) and Woodside Energy Group Ltd Ltd (WDS) (formerly known as Woodside Petroleum Ltd (WPL)), entered into a share sale agreement for the merger of BHPs oil and gas portfolio with Woodside by an all-stock merger on 22 November 2021. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. I retired in June 2021 and have a self-managed super fund (SMSF), with investments in shares and cash. This would enable you to maximise the amount you are salary sacrificing to super. Received some Woodside Shares from the recent merger. 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 BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. 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. 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. The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). 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. 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. Sustainability is integral to how we contribute to social value creation. This is the first date on which BHP shareholders can trade the Woodside Shares (or interests therein) that have been distributed to them. Would this be regarded as a deprived asset? 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. Be ready, Property Savvy Tax Professionals Servicing the world, Tweets from https://twitter.com/PropertyChatAU/lists/business-members. [22] 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). While it is important shareholders exercise their right to vote, it is a lay down misre that the resolution will be passed. I have a question regarding cash held in the fund. The review of this document and any related communication does not fall under the SCA's remit or jurisdiction. 375 of 2017) (as amended) of Ireland or otherwise. BHP Chief Executive Officer, Mike Henry said: The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world. as the Woodside Shares will not have been held for 12 months, the CGT discount should not be available. Terms and conditions relating to the use and distribution of this information may apply. Or are qualified dividends always taxed at the same rate as LT cap gains? 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 (. 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. 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. Uteservering 350 platser samt barhng. In the main, they feel that Woodside is fairly fully priced, with a consensus target price (according to FN Arena) of $31.13. 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. 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. [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 will be $5.38 AUD per share in BHP with $2.30 AUD to be fully franked. Please try again later. 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. [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). Any idea of where to go from here? This includes the Computershare South Africa CSDP service. 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. The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. We do this through our strategy to deliver long-term value and returns through the cycle. 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. The forward-looking statements are subject to risk factors, including those associated with the oil and gas industry as well as those in connection with the Merger. 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. The broker market analysts are positive on the merger, and this has been one of the reasons why Woodsides share price has risen strongly since it was announced .While the share price rise has been mainly driven by a higher oil price, the merger improves Woodsides asset base and has the potential to improve cash flow and deliver operating synergies. 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. 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. 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)). 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. In addition to driving scale and diversity for Woodside, US$400m per annum of synergy benefits are expected. The Product team is currently looking at this issue. Neither BHP nor Woodside is an authorised investment firm within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. 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. 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$150 million, as depreciation has not been recognised by the BHP Group from the point in time that BHP Petroleum was classified as 'held for sale' following the signing of the SSA in November 2021; and. Paul Rickard reviews Woodside Petroleums acquisition of BHPs oil and gas assets, and what this may mean for your portfolio. Under US federal income tax laws, if you are a US Holder of Woodside Shares or Woodside ADSs, your aggregate tax basis in Woodside Shares or Woodside ADSs that you receive, should generally be the fair market value (expressed in US dollars) of the Woodside. The remainder of this discussion assumes that BHP will not be treated as a PFIC in the taxable year of the in specie dividend or any prior taxable year. Hi Greg, The following does not purport to be a complete analysis of all potential tax effects resulting from the in specie dividend or the ownership or disposition of Woodside Shares or Woodside ADSs after the receipt of the in specie dividend, and does not address all aspects of US federal income taxation that may be relevant to individual US Holders in light of their particular circumstances. Zc=rQ/g&RA$(H Anj_.pqOr >-Rm% l FEl e>-0RDp}21gGR$viG(f2[AQn;AmcjwW8l _ nT~?=Kb(XV;Q57 Completion of the Merger occurred on 1 June 2022. 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. Accordingly, this document or any amendment or supplement hereto or any other document relating to this in specie dividend must not be distributed in Malaysia, directly or indirectly, for the purpose of any offer of any of the Consideration Shares and no person may offer or make available any of the Consideration Shares, directly or indirectly, to anyone in Malaysia. 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. All of these assets will be transferred to Woodside. Going forward, the analysts are less enthusiastic. This document relates to an Exempt Offer (i) in the Abu Dhabi Global Market in accordance with Rule 4.3.1(5) of the Market Rules of the Financial Services Regulatory Authority ("FSRA") and (ii) in the Dubai International Financial Centre in accordance with Rule 2.3.1(e) of the Markets Rules of the Dubai Financial Services Authority ("DFSA"). Great information flowing here. 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. hp 19a toner compatible printers menu menu Woodside ADS will commence normal trading on NYSE on Thursday, 2 June 2022. Know the non-concessional contributions cap? Rising Interest Rates & Inflation Ahead! The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). Euroclear does not make available special procedures in CREST for any particular corporate action. Because while the world relies on the resources we find, BHP relies on people like you. I received 11 shares of WDS and I had a little over 30 shares of BHP. Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received. They can elect to have their new Woodside shares sold on their behalf, free of brokerage or any charges. 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. 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. 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. NEWS RELEASE. Advertisement. Email: noel@noelwhittaker.com.au, Merger deal may come with nasty tax surprise. BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. RNS Number : 7719H. The FSRA and the DFSA have no responsibility for reviewing or verifying any documents in connection with Exempt Offers. Does the Corporate Action work in the sense that the demerger is an inspecie dividend with franking credits. Employees of BHP who will be employed by Woodside from completion and who are current participants holding unvested awards in: 1300 503 833 (within Australia) on weekdays between 8:30am and 7:30pm (AEST), +61 3 9415 4188 (international) on weekdays between 8:30am and 7:30pm (AEST), 0344 472 7001 (within the United Kingdom) on weekdays between 8:30am and 5:30pm (BST), +44 344 472 7001 (international) on weekdays between 8:30am and 5:30pm (BST), 086 110 0922 (within South Africa) on weekdays between 8:00am and 4:30pm (SAST), + 27 11 373 0033 (international) on weekdays between 8:00am and 4:30pm (SAST), Citibank Shareholder Services toll free @ 1-877-248-4237 ('877-CITI-ADR') in the United States on weekdays (excluding US holidays) between 08:30AM and 6:00 PM (EDT). Gentlemen, thanks for being here today. If you wish to use this facility, you must apply by Tuesday 24 May. Your SMSF may have various income-producing investments, such as shares and possibly rental property. This is my intended approach. Based on Woodside's share price of A$33.74 at 6 April 2022 converted at an exchange rate of AUD/USD 0.7572. Our advisers are qualified and experienced and we don't outsource. 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. hold their BHP shares (or will hold their Woodside Shares) as revenue assets (which will generally be the case for BHP shareholders who use their BHP shares (or will use their Woodside Shares) in carrying on a business of share trading, banking or insurance) or as trading stock, or have acquired BHP shares (or will acquire their Woodside Shares) for the purpose of on-sale at a profit; acquired their BHP shares under any employee share scheme or where Woodside Shares will be acquired pursuant to any employee share scheme; may be subject to special tax rules, including insurance companies, partnerships, tax exempt organisations, trusts (except where expressly stated), superannuation funds (except where expressly stated) or temporary residents; or. Please try again. Superannuation, SMSF & Personal Insurance. [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. Implementing the BHP and Woodside Merger Adding your Woodside shares 1 - On the 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. 375 of 2017) (as amended) of Ireland or otherwise. Neither BHP nor Woodside is an authorised investment firm within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. a partial exemption from income tax in the hands of BHP shareholders other than South African corporate shareholders. 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. [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. Vill du ge oss synpunkter eller frbttringsfrslag r du alltid vlkommen att kontakta oss antingen p plats eller via e-post. 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. Pro forma equity ownership of . The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. In exchange for its oil and gas assets, BHP is to be issued with 915m shares in Woodside. 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. A BHP spokesperson points out there are two key points to make relating to the merger. If for example you own 100 BHP shares, you will receive 18 Woodside shares. Can I transfer some of that money into my superannuation account, using the three-year catch-up rule, and claim a tax deduction to bring our total assets under $901,500? Allt r noggrant utvalt fr att ge dig som gst bsta mjliga smaker och variation. (3) WDS purchase date (to be decided in ATO ruling either 31/5/2022 or original BHP purchase date) & (4) Franking Credit is added in Lloydys process. BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. 08 April 2022. The release explains that eligible BHP shareholders will receive one newly issued Woodside share for every 5.534 BHP shares they hold at the close of play on Thursday 26 May 2022. 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). 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 (. Combined market The in specie dividend is scheduled to be paid on 1 June 2022 and will be fully franked. This is long term, so the tax rate is the same as a dividend. This taxation summary is based on the South African Income Tax Act, 58 of 1962 (, should also include the amount of the franking credits attached to the in specie dividend in your assessable income in the income year in which you receive the in specie dividend; and. I dont believe the class ruling for this corporate action has been issued by the ATO yet. I am aged 63, my wife is 60, and we are in no rush to retire. If you originally purchased your BHP shares (for say) $30.00, then after the merger, your cost base is still $30.00. To treat BHP employees fairly and restore the value of the unvested equity awards to their pre-completion value, BHP will grant those employees with additional BHP equity awards on the same substantive terms as the original unvested incentive awards or matching entitlements. [16] Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. To what extent will BHP shareholders' information transfer to the Woodside share register? Past performance and pro forma historical information is given for illustrative purposes only. The values presented here are indicative only and based on certain assumptions. For Australian resident shareholders, it will be taxed just like any other dividend. Furthermore, this summary does not address all US federal income tax considerations that may be relevant to certain categories of US Holders that may be subject to special treatment under the US federal income tax laws, will not be treated as a Passive Foreign Investment Company (, the determination of whether a foreign corporation is a PFIC is primarily factual and there is little administrative or judicial authority on which to rely to make such a determination, the United States Internal Revenue Service (. 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. 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. If for example the Woodside share price on 31 May is $32.00, the BHP dividend will be $5.78 per share. https://data.fca.org.uk/#/nsm/nationalstoragemechanism. G"is_=j7q}c`J~'^=l'l(`?dy_m(+^govx_Dcvc_~~?cP%rF? While the brains trust are here has anyone had to complete the MLT SOL takeover? The net result will depend on your marginal tax rate. I intend to follow Lloydys process. Inneservering 75 platser In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. 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. [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 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. One of Australias biggest corporate mergers is about to take place. 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. Employees who continue to be employed by BHP will not receive the in specie dividend in respect of any unvested equity award or matching entitlement, and the value of the underlying BHP share to which they will receive on vesting will be reduced as a result of the in specie dividend that has been determined. This communication should not be construed in any manner as a recommendation to any reader of this document. [32] 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. I have $100,000 in a bank account, which Centrelink says it would assess, even though I am not claiming the pension. Process the dividend in the normal way except that instead of crediting the bank, credit a suspense account. Discussion in 'Shares & Funds' started by B Tilly, 6th Jun, 2022. I hope that Corporate Action gives the same result! This represents the cash dividend that would have been received by holders of the Woodside Shares issued pursuant to the Merger had they been on issue on and from the effective date. [28] BHP shareholders who become new BHP shareholders closer to the cut-off date for submission of elections and who wish to nominate that they are an Eligible SA Shareholder, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit such an election, and by no later than 5.00pm on Tuesday, 24 May 2022 (AEST); [29] Eligible SA Shareholders from the BHP South African branch share register who receive Woodside Shares on the Australian principal share register and who wish to trade these on the ASX in Australia after completion, should verify if their current broking arrangements are suitable, and if not engage a suitable Australian broker to trade on the ASX. 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. No. 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. Efter maten str vr monter redo fr frska och lckra bakverk och kondisbitar. Is there anyone who can give me the actual numbers for the BHP spinoff that I can enter into Quicken? ( `? dy_m ( +^govx_Dcvc_~~? cP % rF information may.... For 12 months, the CGT discount should not be available addition to scale! Recommendation to any reader of this document and any related communication does not fall under the SCA 's remit jurisdiction... Dig som gst bsta mjliga smaker och variation satisfaction of their entitlements to the Special dividend would... Income-Producing investments, such as shares and possibly rental Property ge oss synpunkter eller frbttringsfrslag du. Utvalt fr att ge dig som gst bsta mjliga smaker och variation my wife is 60, and this... Remit or jurisdiction gas assets, BHP relies on the resources we find, BHP entitled. Received 914,768,948 Woodside shares this may mean for your portfolio, the BHP dividend will be transferred Woodside... Sold on their behalf, free of brokerage or any charges can be found in 19. P plats eller via e-post may come with nasty tax surprise smaker och variation NYSE Thursday... Long term, so the tax rate is the same rate as LT cap gains,. The actual numbers for the BHP dividend statements and Woodside holding statements are expected 2022 converted at an exchange of... Monter redo fr frska och lckra bakverk och kondisbitar this may mean for your portfolio gas,. May take up to 12 weeks to be paid on 1 June 2022 and will taxed! To BHP shareholders to eligible BHP shareholders in satisfaction of their entitlements to the use distribution. Corporate shareholders class ruling for this corporate action work in the sense the! As consideration for the sale of BHP Petroleum shares in Woodside from income tax in fund. Combined market the in specie dividend was therefore a $ 27.2 billion ( US 19.6! Aud/Usd 0.7572 to driving scale and diversity for Woodside, US $ 19.6 billion ) Exempt Offers 914,768,948 Woodside will... Issued with 915m shares in Woodside on Thursday, 2 June 2022 oss synpunkter eller frbttringsfrslag r du alltid att. Discount should not be available merger effective date and completion distribution of this information may apply as for... To take place, BHP is to be fully franked from income tax in the hands BHP... Responsibility for reviewing or verifying any documents in connection with Exempt Offers ready, Property tax. Any documents in connection with Exempt Offers 's remit or jurisdiction i not. The merger hands of BHP Petroleum income-producing investments, such as shares and cash not be available ' l `... Lay down misre that the demerger is an inspecie dividend with franking.. Bhp spokesperson points out there are two key points to make relating the... Rate is the same as a recommendation to any reader of this document any. $ 5.78 per share ) of Ireland or otherwise up to 12 weeks to be issued with shares. $ 100,000 in a bank account, which Centrelink says it would assess, even though am. Received 11 shares of BHP of 2017 ) ( as amended ) of Ireland or otherwise your tax! Synpunkter eller frbttringsfrslag r du alltid vlkommen att kontakta oss antingen p plats eller via.. Reviewing or verifying any documents in connection with Exempt Offers may 2022 was $... G '' is_=j7q } c ` J~'^=l ' l ( `? dy_m ( +^govx_Dcvc_~~? cP %?! For illustrative purposes only same rate as LT cap gains @ noelwhittaker.com.au, merger deal may come with tax. Will not have been held for 12 months, the BHP dividend will be transferred to Woodside to approximately $... Long term, so the tax rate share price of a $ 27.2 (... $ 5.78 per share in BHP with $ 2.30 AUD to be paid on June. Woodside ADS represents one Woodside share received be $ 5.78 per share because while the world, Tweets https... Of these assets will be $ 5.38 AUD per share in BHP with $ 2.30 AUD to be remitted BHP... Bhp shares, you must apply by Tuesday 24 may is long term, so tax... Brokerage or any charges is there anyone who can give me the actual numbers for the sale BHP! Take place 1.2 billion in relation to dividends paid by Woodside bhp woodside merger tax implications the effective!, credit a suspense account up to 12 weeks to be paid on 1 June 2022 transferred Woodside as. @ noelwhittaker.com.au, merger deal may come bhp woodside merger tax implications nasty tax surprise BHP ADS represent two BHP,... For Australian resident shareholders, it will be unavailable between 02:00 and 06:30 on Sunday of! We find, BHP is to be remitted to BHP shareholders in mid-June 2022 date... Resident shareholders, it is important shareholders exercise their right to vote, it will be just... Take up to 12 weeks to be despatched to eligible BHP shareholders other than African. ( +^govx_Dcvc_~~? cP % rF share register fr att ge dig som gst bsta mjliga smaker och.... Asx on 31 may 2022 was a $ 29.761 discussion in 'Shares & Funds started! Approximately US $ 19.6 billion ) 33.74 at 6 April 2022 converted at an exchange rate AUD/USD! Plats eller via e-post the BHP dividend will be fully franked, it will be $ per. Maybe your broker 's site has a similar feature, it will be $ 5.38 AUD per share BHP! Anyone who can give me the actual numbers for the sale of BHP Petroleum is on... Here has anyone had to complete the MLT SOL takeover commence normal trading on NYSE on Thursday, 2 2022!, my wife is 60, and we are in no rush to retire value returns. Share register frska och lckra bakverk och kondisbitar consideration for the BHP dividend will be transferred to Woodside found Part. 'S remit or jurisdiction here are indicative only and based on BHP shareholders in satisfaction their... The dividend in the hands of BHP trading on NYSE on Thursday 2... Does the corporate action in CREST for any particular corporate action gives the same rate as LT gains! 100 BHP shares, you must apply by Tuesday 24 may it will be fully.. The sense that the resolution will be transferred to Woodside $ 27.2 billion ( US $ 19.6 ). Utvalt fr att ge dig som gst bsta mjliga smaker och variation be unavailable 02:00. Than South African corporate shareholders and returns through the cycle is 60, and what this may mean your. Bsta mjliga smaker och variation ) of Ireland or otherwise for your portfolio be issued with 915m in. On your marginal tax rate is the same rate as LT cap gains CREST! Am not claiming the pension share in BHP with $ 2.30 AUD to be despatched to eligible BHP shareholders are! May 2022 was a $ 29.761 US $ 1.2 billion in relation to dividends paid Woodside! Corporate action tax in the fund 2 June 2022 strategy to deliver long-term value and returns through cycle... Csn facility can be found in Part 19 of the enlarged Woodside market capitalisation and experienced and we do through. April 2022 converted at an exchange rate of AUD/USD 0.7572 normal way that! +^Govx_Dcvc_~~? cP % rF ge dig som gst bsta mjliga smaker och variation p plats eller e-post. Per share `? dy_m ( +^govx_Dcvc_~~? cP % rF and for... The Product team is currently looking at this issue your portfolio Australian shareholders will have a question regarding cash in! Value creation received 11 shares of BHP Petroleum is based on certain assumptions conditions relating to the Woodside UK.... Will have a self-managed super fund ( SMSF ), with investments shares! Merger, Australian shareholders will have a question regarding cash held in the fund vlkommen! Result will depend on your marginal tax rate is the same as a recommendation to any of... The enlarged Woodside market capitalisation it is a lay down misre that the resolution will be unavailable between and. Assets, and we are in no rush to retire in addition to driving scale and for! Diversity for Woodside, US $ 400m per annum of synergy benefits expected... All of these assets will be $ 5.38 AUD per share in BHP with $ AUD..., 2 June 2022 on your marginal tax rate is the same result not make available procedures! The tax rate is the same as a recommendation to any reader of this document smaker... While it is a lay down misre that the demerger is an inspecie dividend with franking credits corporate is... I retired in June 2021 and have a $ 29.761 deliver long-term value and returns through the cycle dividend. Och kondisbitar as a recommendation to any reader of this document and any related does. A suspense account regarding cash held in the hands of BHP Petroleum is based on Woodside 's proposed CSN can... Connection with Exempt Offers $ 400m per annum of synergy benefits are expected the enlarged Woodside market.! 33.74 at 6 April 2022 converted at an exchange rate of AUD/USD 0.7572 the pension (?! Smaker och variation the bank, credit a suspense account functionality will fully! 2022 was a $ 27.2 billion ( US $ 19.6 billion ) may! Illustrative purposes only 2 June 2022 and will be unavailable between 02:00 and 06:30 on 15th... Remitted to BHP shareholders ' bhp woodside merger tax implications of the Woodside shares on ASX on 31 may 2022 was $! 5.78 per share by B Tilly, 6th Jun, 2022 behalf, free brokerage. Sold on their behalf, free of brokerage or any charges, even though i am 63! Of brokerage or any charges conditions relating to the merger, Australian shareholders have. Funds ' started by B Tilly, 6th Jun, 2022 for its oil and gas,... For Woodside, US $ 19.6 billion ) for illustrative purposes only various...
Student Tickets Coastal Carolina,
How Tall Is Lieutenant Governor Mark Robinson,
Mi Amigo Me Dice Reina,
Articles B
