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BHP to proceed with Unification proposal posted on Company News.

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idpickering
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BHP to proceed with Unification proposal posted on Company News.

#462700

Postby idpickering » December 2nd, 2021, 4:48 pm

Here; viewtopic.php?p=462698#p462698

BHP Group are a mainstay in my HYP, and that of others' here too I believe.



BHP has today announced a final Board decision to unify BHP’s corporate structure under its existing Australian parent

company, BHP Group Limited.

The Board believes unification is in the best interests of BHP shareholders. It will result in a corporate structure that is

simpler and more efficient, reduces duplication and streamlines BHP’s governance and internal processes. A unified

structure will also improve flexibility for portfolio reshaping to maximise shareholder value over the long-term, including

facilitating a simpler separation of the Petroleum business.


A Shareholder Circular and a Prospectus are expected to be published on or around 8 December 2021, which will

contain further information on unification and the Limited shares, including details of the proposed UK scheme of

arrangement to effect unification, an independent expert’s report on whether unification is in the best interests of BHP

shareholders, and the notices of shareholder meetings of BHP Group Limited and BHP Group Plc, which are expected

to take place on 20 January 2022.


BHP will have its primary listing on the ASX, a standard listing on the London Stock Exchange (LSE), a secondary listing

on the Johannesburg Stock Exchange (JSE), and a sponsored Level II American Depositary Receipt program on the

New York Stock Exchange (NYSE). Our global investor base will continue to be able to invest in BHP on the same

securities exchanges as prior to unification.


Ian.

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