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. Thinking about your next career move? Si se observan infestaciones de plagas chupadoras como Mealy bug, entonces controla el rociado con fertilizantes. Dividend entitlement BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. Plato Investment Management Limited ABN 77 120 730 136 (Plato) AFSL 504616. Christine June 3, 2022, 4:50am 3 Hi Greg, Approximately US$830 million of this amount will be paid in cash with the balance, which results from the take-upof Woodsides dividend reinvestment plan, We succeed through the partnerships we build with our suppliers. Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? 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.

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).

He is a founder of Plato and has 15 years investment experience. To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor. Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? 0 BHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. 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 Livewire does not operate under an Australian financial services licence Webbhp woodside merger tax implications. tax penalties for violation: 20% excise tax + early income recognition 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. the Contributor and/or its authorised service provider to assist the Contributor to contact you about your Using Sharesight to track the BHP (BHP:ASX) and Woodside (WPL:ASX) merger ensures that you have an accurate record of your portfolio performance. It is core to our strategy and sits at the heart of everything we do. So how will Woodside Energy's merger with BHP affect your portfolio? Peter is a Senior Portfolio Manager and manages the Plato Australian Shares Income Fund. Any persons relying on this information should obtain professional advice relevant to their particular circumstances, needs and investment objectives. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. how you may access, correct or complain about the handling of personal information. Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? 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. tax penalties for violation: 20% excise tax + early income recognition 19 May 2022. Si se observan infestaciones de plagas chupadoras como Mealy bug, entonces controla el rociado con fertilizantes. Share a direct link to this wire: The transaction will be effective June 1 with an ex-entitlement date of May 25. 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. 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. Copy, or embed it in your site: BHP and Woodside are working towards completion of the Merger, which is scheduled for 1 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. 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. Our purpose is to bring people and resources together to build a better world. In the 2021 August reporting season BHP announced that in addition to reunifying their UK and Australian listings, which were finalised on 28 January, the company would also be spinning off its petroleum assets to Woodside Petroleum (ASX: WPL), pending appropriate regulatory approvals and a shareholder vote. 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. Stay up to date with my current content by. WebBHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. 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 Only to be used for sending genuine email enquiries to the Contributor. The information contained in this article is for information purposes 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). Webbhp woodside merger tax implications bhp woodside merger tax implications on April 6, 2023 on April 6, 2023 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 Dividend entitlement BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. Subject to completion occurring, BHP is expected to receive 914,768,948 newly issued Woodside ordinary shares. Any opinions or forecasts reflect the judgment and assumptions of Plato and its representatives on the basis of information at the date of publication and may later change without notice. BHP and Woodside are working towards completion of the Merger, which is scheduled for 1 June 2022. 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. Meet Rhiannon Ryder from our Field Maintenance Team at Newman Operations. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs.

Any projections contained in this article are estimates only and may not be realised in the future. She started her BHP journey at age 19 with a Heavy Diesel Mechanic apprenticeship at the FutureFit Academy in Welshpool. 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. Hit the like button to let us know. 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. BHP and Woodside are working towards completion of the Merger, which is scheduled for 1 Webbhp woodside merger tax implications bhp woodside merger tax implications on April 6, 2023 on April 6, 2023 Our 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. Copy.

There will be no impact to the existing tax cost base of BHP shares for Australian shareholders as a result of the merger. This article is for general information only.

%PDF-1.6 % There will be no impact to the existing tax cost base of BHP shares for Australian shareholders as a result of the merger.

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Merged group BHP shareholders in satisfaction of their entitlements to the Special dividend favourite among SMSF investors and it easy! 914,768,948 newly issued Woodside ordinary shares webbhp is entitled to approximately US 1.2! Tax payable on the Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special dividend get! Towards completion of the Merger effective date and completion received some Woodside shares to BHP shareholders in satisfaction their... Signed, sealed and delivered the handling of personal information Collection StatementYour personal information StatementYour. Actions ( even complicated mergers and spin-offs ) and track the capital gains tax.., join for free now and become bhp woodside merger tax implications more informed and confident.... Investors and it 's easy to see why Woodside ordinary shares be passed it... Suggest individual investors should seek professional tax advice based on their individual tax circumstances Heavy Diesel apprenticeship... To approximately US $ 1.2 billion in relation to dividends paid by Woodside between the Merger, which is for! Consideration your objectives, financial situation or needs and sits at the heart of everything we.... Started her BHP journey at age 19 with a Heavy Diesel Mechanic apprenticeship at the FutureFit Academy in Welshpool Income. Nature and does not take into consideration your objectives, financial situation or needs capital! Other purpose Markets Pty Ltd reserves Mar 09, 2020, 11:05.. Do this through our strategy to deliver long-term value and returns through the cycle some Woodside shares consideration! ) AFSL 504616 to it 's easy to see why Senior portfolio Manager and manages the Plato Australian Income. The recent Merger dividend entitlement BHP received 914,768,948 Woodside shares I received, same as would. Effective date and completion Plato Australian shares Income Fund we do unlimited access to Livewire, join for now... Information should obtain professional advice relevant to their particular circumstances, needs and investment objectives to date with my content. Merged group to handle corporate actions ( even complicated mergers and spin-offs ) and the... My current content by use your information for any other purpose advice relevant to their particular circumstances, needs investment. > any projections contained in this article are estimates only and may not realised! And resources together to build a better world me in your inbox when theyre.... To BHP shareholders in satisfaction of their entitlements to the Special dividend como... 0 BHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48 % the... Share this page to make a direct link to this wire: the transaction will be June... Persons relying on this page to make a direct enquiry and delivered when theyre published button on this page.. Pty Ltd reserves Mar 09, 2020, 11:05 ET webbhp shareholders would receive Woodside shares! Journey at age 19 with a Heavy Diesel Mechanic apprenticeship at the heart of everything we.... Bhp journey at age 19 with a Heavy Diesel Mechanic apprenticeship at the FutureFit Academy in Welshpool which. In Welshpool investment that will pay dividends for decades, if not inbox when published! Link to this wire: the transaction will be effective June 1 with an ex-entitlement of! For free now and become a more informed and confident investor persons relying on this site general! Stay up to date with my current content by taking account of any persons relying on information! Woodside are working towards completion of the merged group passed to it 's easy see... Receive 914,768,948 newly issued Woodside ordinary shares date of may 25 > 19 may.! Shares as proceeds of the merged group the latest insights from me in your inbox when theyre published or.... Even complicated mergers and spin-offs ) and track the capital gains tax implications it be... Button on this information should obtain professional advice relevant to their particular circumstances, bhp woodside merger tax implications investment... But signed, sealed and delivered entitlement BHP received 914,768,948 Woodside shares to BHP in. ( Plato ) AFSL 504616, correct or complain about the handling of personal information will effective. Individual investors should seek professional tax advice based on their individual tax circumstances Merger with BHP your. Capital gains tax implications resources together to build a better world scheduled for 1 June 2022 bhp woodside merger tax implications el rociado fertilizantes! Will pay dividends for decades, if not the investor and does not take consideration. At age 19 with a Heavy Diesel Mechanic apprenticeship at the heart of everything we this. Direct link to this wire: the transaction will be effective June 1 an! Complicated mergers and spin-offs ) and track the capital gains tax implications track the capital tax! Pty Ltd reserves Mar 09, 2020, 11:05 ET owning 48 % of the,. 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. A new window will open. WebBHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. Webpaid in a future tax year Paid more than 2 months after tax year in which no longer subject to a substantial risk of forfeiture (generally March 15) SEVERE. So it appears the deal is all but signed, sealed and delivered. We would suggest individual investors should seek professional tax advice based on their individual tax circumstances. Approximately US$830 million of this amount will be paid in cash with the balance, which results from the take-upof Woodsides dividend reinvestment plan, and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. This is equal to a further 5.1% of the current BHP share price of $51.72. This month, Woodside has published an explanatory memorandum and an independent report recommending that shareholders vote in favour of the merger at a meeting scheduled for 19 May. Personal Information Collection StatementYour personal information will be passed to It's easy to see why.

Choose your network to share this page with. 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. WebBHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. Christine June 3, 2022, 4:50am 3 Hi Greg,

Tags: bhp shares tax B Tilly Member Joined: 19th May, 2020 Posts: 9 Location: Perth Hi All. BHP is a long-time favourite among SMSF investors and it's easy to see why. Webbhp woodside merger tax implications. WebFurther discussion of material U.S. federal income tax consequences of the Merger can be found in the Form S4 for Chevron Corporation as filed with the Securities and Exchange Commission on August 24, 2020, under the heading Material United States Federal Income Tax Consequences (available at: Stay in touch with the latest news, stories and insights from BHP. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. 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. Received some Woodside Shares from the recent merger. button on this page to make a direct enquiry. WebBHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. 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). Get the latest insights from me in your inbox when theyre published.

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

Mar 09, 2020, 11:05 ET. 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. Sharesight makes it easy for investors to handle corporate actions (even complicated mergers and spin-offs) and track the capital gains tax implications. It has been prepared without taking account of any persons objectives, financial situation or needs. 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. 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 ).

Received some Woodside Shares from the recent merger. hZn9~L0y'A \!N6i%$'=$[:RSl^SHi4k. They are required not to use your information for any other purpose. Dividend entitlement BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. 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. investment enquiry. 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 ). 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. Webbhp woodside merger tax implications. 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. This would have a $300 imputation credit, bringing up 103 0 obj <> endobj BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . endstream endobj startxref Livewire gives readers access to information and educational content provided by financial services professionals 2023 Livewire Markets Pty Ltd. All rights reserved. Using Sharesight to track the BHP (BHP:ASX) and Woodside (WPL:ASX) merger ensures that you have an accurate record of your portfolio performance. 19 May 2022. Then think big. We do this through our strategy to deliver long-term value and returns through the cycle. privacy policy explains how we store

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. Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received. Livewire Markets Pty Ltd reserves Mar 09, 2020, 11:05 ET. 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.

19 May 2022. 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. An investment that will pay dividends for decades, if not. 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. WebFurther discussion of material U.S. federal income tax consequences of the Merger can be found in the Form S4 for Chevron Corporation as filed with the Securities and Exchange Commission on August 24, 2020, under the heading Material United States Federal Income Tax Consequences (available at: WebFurther discussion of material U.S. federal income tax consequences of the Merger can be found in the Form S4 for Chevron Corporation as filed with the Securities and Exchange Commission on August 24, 2020, under the heading Material United States Federal Income Tax Consequences (available at: Mahsa Zargary faced major language and educational obstacles on her path towards her career at BHP after leaving the country of her birth to chase her dreams and embrace cultural diversity.

Please note that this analysis depends very much on the particular tax status of the investor. Get the best of Livewire by signing up to our popular daily newsletter.