bhp woodside merger tax implicationsbhp woodside merger tax implications

BHP and Woodside are working towards completion of the Merger, which is scheduled for 1

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. Eligible small BHP shareholders holding 1,000 ordinary BHP shares or UK depositary interests or less may elect to have the Woodside shares they are entitled to receive sold An investment that will pay dividends for decades, if not. WebMerger ratio on completion at 1 June 2022, the merged business will be owned approximately 52 per cent by existing Woodside shareholders and 48 per cent by BHP shareholders. Plato often talks about off-market buybacks as being a great opportunity for low-tax investors to earn additional income due to franking credits, but every now and then other unique market opportunities arise for additional income generation through franking credits. What a nice bonus for Australian zero tax investors in what has been a challenging few years with cash rates and term deposits at record lows. BHP and Woodside are working towards completion of the Merger, which is scheduled for 1 WebBHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. It is core to our strategy and sits at the heart of everything we do. https://www.livewiremarkets.com/wires/how-bhp-s-retiree-shareholders-will-benefit-from-the-woodside-spin-off, Plato often talks about off-market buybacks, Why we shorted Austal: 9 warning signs that signalled choppy waters ahead, Lazard's Warryn Robertson: These are the 5 best value stocks in the entire world right now, How resources investors are tapping into the net zero thematic. and companies (Livewire Contributors). Sharesight makes it easy for investors to handle corporate actions (even complicated mergers and spin-offs) and track the capital gains tax implications. Eligible BHP shareholders will receive one newly issued Woodside share for every 5.5340 BHP shares they hold at the close of business on 26 May 2022 (Record Date). She started her BHP journey at age 19 with a Heavy Diesel Mechanic apprenticeship at the FutureFit Academy in Welshpool.

Then at the end of November 2021, BHP announced, after consultation with the tax office, that it would be spinning off its petroleum assets in the form of a special fully-franked dividend. Peter is a Senior Portfolio Manager and manages the Plato Australian Shares Income Fund. Woodside and BHP create a global energy company On 1 June 2022, Woodside merged with BHP Petroleum to create a global independent energy company with the scale, diversity and resilience to create value for shareholders and increased ability to navigate the energy transition.

BHP Group ( BHP) notes the announcement by Woodside Petroleum Ltd ( Woodside) today, confirming that Woodside shareholders have approved the merger of BHPs oil and gas portfolio with Woodside by an all-stock merger ( Merger ). Sustainability is integral to how we contribute to social value creation. BHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. button on this page to make a direct enquiry. Christine June 3, 2022, 4:50am 3 Hi Greg, Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. BHP and two of Chinas leading copper producers, China Copper and Daye Nonferrous, have announced their intention to deepen collaboration to develop a more sustainable and responsible copper value chain with the aim of supporting the worlds energy transition, following the signing of Memoranda of Understanding (MoUs) between the parties. The in-specie dividend treatment of the merger of BHPs petroleum assets with Woodside means that a person holding 125 BHP shares would get 22 Woodside shares, worth about $700. This is particularly pertinent when it comes to tax-exempt investors like pension phase superannuants having their investments managed from their tax perspective. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. Not only has the mining giant delivered a strong and growing dividend in recent years, but it has also distributed a valuable amount of franking credits - icing on the cake, particularly for low or zero-tax investors.

Eligible small BHP shareholders holding 1,000 ordinary BHP shares or UK depositary interests or less may elect to have the Woodside shares they are entitled to receive sold Enjoy this wire? Any projections contained in this article are estimates only and may not be realised in the future. Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received.

VIDEO: A NEW CHAPTER BEGINS Woodside and BHP Livewire gives readers access to information and educational content provided by financial services professionals %PDF-1.6 % He is a founder of Plato and has 15 years investment experience. Subject to completion occurring, BHP is expected to receive 914,768,948 newly issued Woodside ordinary shares.

WebMerger ratio on completion at 1 June 2022, the merged business will be owned approximately 52 per cent by existing Woodside shareholders and 48 per cent by BHP shareholders. Thinking about your next career move? WebBHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. We succeed through the partnerships we build with our suppliers.

Received some Woodside Shares from the recent merger. Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received.

WebBHP 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.

Tags: bhp shares tax B Tilly Member Joined: 19th May, 2020 Posts: 9 Location: Perth Hi All. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. Eligible small BHP shareholders holding 1,000 ordinary BHP shares or UK depositary interests or less may elect to have the Woodside shares they are entitled to receive sold We would suggest individual investors should seek professional tax advice based on their individual tax circumstances.

BHP Group (ASX: BHP) is one of the traditional Australian income stocks favoured by a large number of SMSFs, retirees and other low-tax investors. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. We estimate, using share prices on the 12 April 2022, that the dividend amount (in the form of the WPL shares), would be approximately equal to US$4.60 (12% of BHPs current share price) which would carry US$1.97 of franking credits per BHP share. Share a direct link to this wire: Livewire Markets Pty Ltd reserves Webbhp woodside merger tax implications bhp woodside merger tax implications on April 6, 2023 on April 6, 2023 Webbhp woodside merger tax implications. Please note that this analysis depends very much on the particular tax status of the investor. Web2 Merger Acquisition of a Company M&A) 3 ways to acquire a companybusiness)3: Purchase assets (by Asset Purchase Agreement Purchase stock by Stock Purchase Agreement Statutory merger by Merger Agreement Get the latest insights from me in your inbox when theyre published. BHP and Woodside are working towards completion of the Merger, which is scheduled for 1 June 2022. WebBHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. tax penalties for violation: 20% excise tax + early income recognition Hit the like button to let us know. 19 May 2022. To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor. Woodside and BHP create a global energy company On 1 June 2022, Woodside merged with BHP Petroleum to create a global independent energy company with the scale, diversity and resilience to create value for shareholders and increased ability to navigate the energy transition. Our purpose is to bring people and resources together to build a better world. hb```FV Z3s=\t83g(+_UpiT3ttt4 h Vu(20~ @AqG]aL130d3>qb4c\>}"3j$z3dvU9 ,9 H2zCLw4;@^1a`U` Y! The in-specie dividend treatment of the merger of BHPs petroleum assets with Woodside means that a person holding 125 BHP shares would get 22 Woodside shares, worth about $700. WebBHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. Livewire has commercial relationships with some Livewire Contributors. Woodside and BHP create a global energy company On 1 June 2022, Woodside merged with BHP Petroleum to create a global independent energy company with the scale, diversity and resilience to create value for shareholders and increased ability to navigate the energy transition. Webbhp woodside merger tax implications.

We do this through our strategy to deliver long-term value and returns through the cycle. Because while the world relies on the resources we find, BHP relies on people like you. Stay up to date with my current content by. Eligible small BHP shareholders holding 1,000 ordinary BHP shares or UK depositary interests or less may also elect to have the Woodside shares they are entitled to receive sold by the sale agent under the sale facility, with payments also expected within 12 weeks of completion of the Merger. Sharesight makes it easy for investors to handle corporate actions (even complicated mergers and spin-offs) and track the capital gains tax implications. Livewire does not operate under an Australian financial services licence Dividend entitlement BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. 103 0 obj <> endobj 2023 Livewire Markets Pty Ltd. All rights reserved. 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. BHP Group ( BHP) notes the announcement by Woodside Petroleum Ltd ( Woodside) today, confirming that Woodside shareholders have approved the merger of BHPs oil and gas portfolio with Woodside by an all-stock merger ( Merger ). Peter received 1st Class Honours and a PhD from UNSW. Then at the end of November 2021, BHP announced, after consultation with the tax office, that it would be spinning off its petroleum assets in the form of a special fully-franked dividend. Webbhp woodside merger tax implications.

hZn9~L0y'A \!N6i%$'=$[:RSl^SHi4k. SALT LAKE CITY, March 9, 2020 /PRNewswire/ -- Woodside Homes has announced the selection of Chris Williams as its new Chief Customer Officer effective March 1, 2020. 159 0 obj <>stream WebBHP 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. WebOn 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. This article is for general information only. So rather than receiving cash, investors would receive an appropriate number of Woodside shares according to the market prices of BHP and Woodside at the time (with adjustments for equity issuance, etc). tax penalties for violation: 20% excise tax + early income recognition privacy policy explains how we store Using Sharesight to track the BHP (BHP:ASX) and Woodside (WPL:ASX) merger ensures that you have an accurate record of your portfolio performance. Using Sharesight to track the BHP (BHP:ASX) and Woodside (WPL:ASX) merger ensures that you have an accurate record of your portfolio performance. Before making a decision please consider these and any relevant Product Disclosure Statement. Copy. and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. It's easy to see why. Christine June 3, 2022, 4:50am 3 Hi Greg, Any persons relying on this information should obtain professional advice relevant to their particular circumstances, needs and investment objectives.

VIDEO: A NEW CHAPTER BEGINS Woodside and BHP Stay in touch with the latest news, stories and insights from BHP. Dividend entitlement BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. WebOn 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. VIDEO: A NEW CHAPTER BEGINS Woodside and BHP personal information and endstream endobj 104 0 obj <> endobj 105 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/TrimBox[0.012 0.016 611.988 791.984]/Type/Page>> endobj 106 0 obj <>stream Then think big.