bhp woodside merger tax implicationsbhp woodside merger tax implications

Because while the world relies on the resources we find, BHP relies on people like you. Subject to completion occurring, BHP is expected to receive 914,768,948 newly issued Woodside ordinary shares. Before making a decision please consider these and any relevant Product Disclosure Statement. 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. 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. Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received. Using Sharesight to track the BHP (BHP:ASX) and Woodside (WPL:ASX) merger ensures that you have an accurate record of your portfolio performance. Sustainability is integral to how we contribute to social value creation. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. Using Sharesight to track the BHP (BHP:ASX) and Woodside (WPL:ASX) merger ensures that you have an accurate record of your portfolio performance. BHP will shortly provide a further update on the proposed in specie dividend of the Woodside shares. An investment that will pay dividends for decades, if not. 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). 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. This would have a $300 imputation credit, bringing up Christine June 3, 2022, 4:50am 3 Hi Greg,

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. The mining giant delivered a strong and growing dividend and distributes a valuable amount of franking credits - icing on the cake, particularly for low or zero-tax investors. It is core to our strategy and sits at the heart of everything we do. Christine June 3, 2022, 4:50am 3 Hi Greg, Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received. BHP Group ( BHP) notes the announcement by Woodside Petroleum Ltd ( Woodside) today, confirming that Woodside shareholders have approved the merger of BHPs oil and gas portfolio with Woodside by an all-stock merger ( Merger ). Received some Woodside Shares from the recent merger. hb```FV Z3s=\t83g(+_UpiT3ttt4 h Vu(20~ @AqG]aL130d3>qb4c\>}"3j$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. 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. 0 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. 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. %%EOF Tags: bhp shares tax B Tilly Member Joined: 19th May, 2020 Posts: 9 Location: Perth Hi All. 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 VIDEO: A NEW CHAPTER BEGINS Woodside and BHP The transaction will be effective June 1 with an ex-entitlement date of May 25.

Mar 09, 2020, 11:05 ET. There will be no impact to the existing tax cost base of BHP shares for Australian shareholders as a result of the merger. This is particularly pertinent when it comes to tax-exempt investors like pension phase superannuants having their investments managed from their tax perspective. Plato Investment Management Limited ABN 77 120 730 136 (Plato) AFSL 504616. Webbhp woodside merger tax implications. It's easy to see why. 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. Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? Only to be used for sending genuine email enquiries to the Contributor. A new window will open. 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.

BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. hZn9~L0y'A \!N6i%$'=$[:RSl^SHi4k. This article is for general information only. BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . 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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Get the best of Livewire by signing up to our popular daily newsletter. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. We succeed through the partnerships we build with our suppliers. BHP and Woodside are working towards completion of the Merger, which is scheduled for 1 June 2022. 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. Choose your network to share this page with. Get the latest insights from me in your inbox when theyre published. 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). WebBHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. Sharesight makes it easy for investors to handle corporate actions (even complicated mergers and spin-offs) and track the capital gains tax implications. 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. BHP and Woodside are working towards completion of the Merger, which is scheduled for 1 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). 19 May 2022. Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? Visit the Plato website or click the 'contact' button on this page to make a direct enquiry. Our 2023 Livewire Markets Pty Ltd. All rights reserved. VIDEO: A NEW CHAPTER BEGINS Woodside and BHP BHP is a long-time favourite among SMSF investors and it's easy to see why. BHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. Mar 09, 2020, 11:05 ET. hbbd``b`nI@ BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. 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. Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received. Enjoy this wire? We would suggest individual investors should seek professional tax advice based on their individual tax circumstances. WebBHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. Mar 09, 2020, 11:05 ET. 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. 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 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. the Contributor and/or its authorised service provider to assist the Contributor to contact you about your 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. 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 Our purpose is to bring people and resources together to build a better world. Please note that this analysis depends very much on the particular tax status of the investor.

Thinking about your next career move? 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 woodside merger tax implications bhp woodside merger tax implications on April 6, 2023 on April 6, 2023 So how will Woodside Energy's merger with BHP affect your portfolio? He is a founder of Plato and has 15 years investment experience. 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. Livewire does not operate under an Australian financial services licence Si se observan infestaciones de plagas chupadoras como Mealy bug, entonces controla el rociado con fertilizantes. To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor. BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . So it appears the deal is all but signed, sealed and delivered. 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. 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. 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. WebBHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion.

This is equal to a further 5.1% of the current BHP share price of $51.72. Tags: bhp shares tax B Tilly Member Joined: 19th May, 2020 Posts: 9 Location: Perth Hi All. 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, Livewire gives readers access to information and educational content provided by financial services professionals Copy, or embed it in your site: Received some Woodside Shares from the recent merger. Stay up to date with my current content by. 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. Then think big. We do this through our strategy to deliver long-term value and returns through the cycle. 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. 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.

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. 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. 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). BHP and Woodside are working towards completion of the Merger, which is scheduled for 1 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: 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 They are required not to use your information for any other purpose. WebBHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. 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. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. Copy. Livewire Markets Pty Ltd reserves Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. 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 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.

its right to take any legal or other appropriate action in relation to misuse of this service. privacy policy explains how we store WebBHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. 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. 103 0 obj <> endobj This would have a $300 imputation credit, bringing up 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, 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. 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). 130 0 obj <>/Filter/FlateDecode/ID[]/Index[103 57]/Info 102 0 R/Length 115/Prev 295510/Root 104 0 R/Size 160/Type/XRef/W[1 2 1]>>stream Tags: bhp shares tax B Tilly Member Joined: 19th May, 2020 Posts: 9 Location: Perth Hi All. Livewire has commercial relationships with some Livewire Contributors. 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.