Uteservering 350 platser samt barhng. I intend to follow Lloydys process. 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. 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. Any offer is not made to you with a view to the Consideration Shares being subsequently offered for sale to any other party. I hope that Corporate Action gives the same result! This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. 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. Noel Whittaker is the author of Retirement Made Simple and numerous other books on personal finance. Members of a couple may transfer money to super, or to each other, without facing any deprivation rules. or the WDS cost base so Lloydy is on the money thus far. 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. Accordingly, no part of the in specie dividend should be assessable to you in Australia nor subject to dividend withholding tax (, an exemption from income tax in the hands of BHP shareholders who constitute South African corporate shareholders on the basis that the BHP shares in respect of which the foreign dividend is paid are listed on the JSE; and. 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. 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. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. Stay in touch with the latest news, stories and insights from BHP. Our advisers are qualified and experienced and we don't outsource. This document is not intended for distribution. I have not received a dividend statement from BHPs share registry (Computershare) not can I find anything on Computershares web site. [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. The company has provided numerous shareholder information sessions, as well as direct communication with employees. info@strandgatan.com, Sn Tors 10.00 22.00 BHP will receive 914,768,948 Woodside ordinary shares as part of the Merger. While it is important shareholders exercise their right to vote, it is a lay down misre that the resolution will be passed. Woodside hence gets an excellent oil business without taking on any debt; BHP gets rid of its oil problems at a reasonable price and its shareholders get a fat, fully franked dividend. The values presented here are indicative only and based on certain assumptions. [25] The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. No. Any offer is not made to you with a view to the Consideration Shares being subsequently offered for sale to any other party. Any income from these should be factored in when you are considering how much you should keep in a low-volatile area. All prices and analysis at 2 May 2022. Som gst ska du kunna koppla av till nymalet kaffe i vrt rofyllda lge lngst med kanalen. 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. ), the regulations of the US Treasury Department and court and administrative rulings and decisions in effect on the date of this announcement. In what form will BHP shareholders receive Woodside Shares? 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. Woodside said it would issue new shares to BHP shareholders in exchange for the mining giants petroleum business. 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 later. 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. For most shareholders, there will be rounding down of up to $29.76. A reference to "BHP shareholder" in this announcement is a reference to any person registered in the BHP register. 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. {: di_ BHP Woodside Energy Group Ltd (Woodside) and BHP Group Limited (BHP) have completed the merger of Woodside with BHPs oil and gas portfolio to create a global energy company. Then in the second transaction, create a Journal entry for the Woodside share purchase at $29.76 per share, debiting the suspense account. Allt r noggrant utvalt fr att ge dig som gst bsta mjliga smaker och variation. 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? Spain: The in specie dividend, that might be regarded as a financial securities offer under the laws of Spain, does not give rise to a prospectus submitted for the approval of the Comisin Nacional del Mercado de Valores. I'll enter the dividend and purchase and be happy. 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). Woodside and BHP also plan to file other documents with the SEC regarding the proposed Merger and in specie dividend. (Interesting reaction to the BHPXF query.) BHPs world class portfolio is weighted towards commodities which support economic growth and have decarbonisation upside and combined with our operational excellence will underpin attractive returns and long-term value growth., Trading of Woodside shares and depositary interests. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. It is addressed only to the shareholders of BHP in connection with the proposed in specie dividend and participation in the Sale Facility. 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. 20 May 2022. Paul has more than 30 years experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. They really should be able to work this out! Completion of the Merger occurred on 1 June 2022. Woodside has also released the Independent Experts 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. For BHP American Depository Shares (ADS) holders, you will receive 1 Woodside Share for every 2.7670 shares of BHP ASD held. 1 - On the portfolio overview page, click the blue Add a new holding button 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. Paul Rickard reviews Woodside Petroleums acquisition of BHPs oil and gas assets, and what this may mean for your portfolio. South African shareholders should refer to the section on "What happens to South African resident BHP shareholders?". Our clients are global and know we are property tax professionals. Thinking about your next career move? Here's the published "tax outcomes" to US shareholders:: --------------------------------------------------------------------------------. Will keep you informed. Our purpose is to bring people and resources together to build a better world. 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. The Product team is currently looking at this issue. 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. Great information flowing here. 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). 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. Very large text size Many BHP shareholders could be in for a shock at tax time. 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. We do this through our strategy to deliver long-term value and returns through the cycle. 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. 1,000 BHP shares and you get 180 Woodside shares. If for example the Woodside share price on 31 May is $32.00, the BHP dividend will be $5.78 per share. And know we are property tax professionals and is based on our general understanding taxation. 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