. Whilst the petroleum assets are one of BHP's 4 pillars, for Woodside the transaction is even more significant. For BHP shareholders, this means they will receive shares in Woodside with 48% of Woodside owned by BHP shareholders. BHP Share Price Forecast . The good news is that Woodside will remain listed on the ASX and, interestingly, they are also considering listing on additional exchanges similar to BHP, which is listed both in Australia and the UK as BHP Group Plc. David Lamont: Yes, certainly and for this half, as we said, US$1.50 per share will be paid for shareholders on 28 March. 38.83. Key points include: Merger 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. Most of its production is bought by China. For BHP American Depository Shares (ADS) holders, you will receive 1 Woodside Share for every 2.7670 shares of BHP ASD held. Pro forma equity ownership of . BHP WDS. Mailing Address: P.O. Why is the BHP share price pushing higher? We are a global energy company, with the values, experience and creativity to adapt and thrive in a changing world. 48% BHP . . The BHP share price is down 1.1% in the last two days but remains up for the week by 0.99%. Woodside shares will be immediately distributed to BHP shareholders. Dividend (US cents per share) Australian equivalent (cents)* Franking (%) DRP Share Price; 2021 Final. Woodside Petroleum shareholders are voicing frustration that the terms of the $41 billion merger deal with BHP Petroleum puts pressure on them to back it because of a $US1 billion ($1.37 billion). 23 March 22. BHP is expected to receive 914.8 million newly issued Woodside Shares at completion and determine a fully franked in specie dividend of the Woodside Shares to BHP shareholders. Like many organisations, BHP can be the subject of false representations by unscrupulous individuals not associated with our Company. BHP Group ( BHP) notes the announcement by Woodside Petroleum Ltd ( Woodside) today, confirming that Woodside shareholders have approved the merger of BHP's oil and gas portfolio with Woodside by an all-stock merger ( Merger ). Woodside Petroleum and BHP Group are set to sign their historic . BHP agreed to hive off its petroleum business to Woodside in a nil-premium merger, in return for new Woodside shares which will go to BHP shareholders, who will own 48% of the enlarged group. Citibank Shareholder Services. BHP shareholders will receive an in-specie dividend in the form of Woodside Petroleum Ltd (Woodside / WDS) shares in connection with the merger of BHP and Woodside. Under the proposed transaction, Woodside, or a wholly owned subsidiary of Woodside, will acquire 100 per cent of the issued share capital of BHP Petroleum International Pty Ltd in exchange for shares in Woodside which will deliver 48 per cent to BHP shareholders on completion. Since the start of the . Through online services, security holders can view their holdings, obtain statements and maintain their personal information. Upon completion, Woodside will issue new shares to BHP shareholders which are expected to comprise approximately 48% of all Woodside shares (on a post-issue basis) as consideration for the acquisition of BHP Petroleum. 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). But Greenies might see this as a tricky way to look greener, as it still owns 48% of a bigger Woodside oil business. Phone: 18772484237. 25 Feb 22. Shareholders are advised to be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports. One is a slight pullback in oil prices during Asian trade. 31 Aug 21. . We pay our respects to ancestors and elders - past . BHP director . Find out more about Boiler Room Scams here. 52% Woodside . Associated with that, if you take today's exchange rates, that'll be about 1.10 for our UK shareholders and A$2.10 for our Australian shareholders as a dividend on 28 March. Based on Woodside's share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum is US$23.4 billion. Nov 22, 2021 - 4.40pm. 1. BHP will receive 914,768,948 Woodside ordinary shares as part of the Merger. 52% will be owned by current Woodside shareholders and 48% by BHP's. BHP 'looks' greener and cleaner, getting rid of these fossil fuel assets and fund managers could be more likely to buy the company's shares. Woodside and BHP Merger; Media centre . Under the mechanics of the deal, BHP will (on 1 June) make an in-specie distribution of 1 Woodside share for every 5.5 shares held in BHP. Woodside and BHP Merger; Media centre . The design of the deal accommodated those changes because BHP shareholders get 48% of the enlarged Woodside, while Woodside shareholders get 52%. 19 May 2022. The two Australian companies signed a . BHP shareholders are expected to be entitled to one Woodside Share for every 5.5340 BHP shares they hold on the Record Date. 2021 Interim. Rocketing energy prices increase the attraction. 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). Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group , investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O . Share. Prior to completion, Woodside and BHP will carry on their respective businesses in the normal course and will put in place appropriate plans to enable a smooth transition of ownership. For BHP American Depository Shares (ADS) holders, you will receive 1 . Absolute gift shareholders reflective of assets contributed. In early trade, the mining giant's shares are up 2% to $47.15. The scheme documentation will be released in March, Shareholder voting happens in April with BHP's divestment into this . Australia's BHP Group and Woodside Petroleum have signed a binding share sale agreement (SSA) for the merger of BHP's oil and gas portfolio with Woodside, under which Woodside will acquire the entire share capital of BHP Petroleum in exchange for new Woodside shares. On completion of the Merger, Woodside will issue new shares expected to comprise approximately 48% of all Woodside shares (on a post-issue basis) as consideration for the acquisition of BHP Petroleum. The new Woodside shares will be distributed to BHP shareholders as an in-specie fully franked dividend. BHP shareholders will receive one Woodside share for every 5.534 BHP shares they hold The BHP Group Ltd (ASX: BHP) share price is pushing higher on Friday morning. Category:Acquisition or Partnership. Woodside acknowledges Indigenous people's connections to land, water and community. The deal, announced after the market closed on Tuesday, involves Woodside doubling its share base to acquire BHP's oil and gas arm in a nil-premium merger to create a roughly A$40 billion ($29. . BHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. Woodside, BHP set to finalise $40 billion merger. We've covered this before however as a quick refresher after a few questions from clients. There appears to have been a couple of catalysts for the weakness in the Woodside share price on Friday. . BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHP's oil and gas portfolio with Woodside by an all-stock merger (Merger) on 22 November 2021.On completion of the Merger, the combined company is expected to have a high margin oil portfolio, long life . Meg O'Neill . The enlarged Woodside business would be owned 52% by existing Woodside shareholders and 48% by existing BHP shareholders. Box 43077 . The transaction is subject to due diligence and a shareholder vote and is planned to be completed in 2Q22, with an effective date of 1 July 2021. On completion of the deal, Woodside will issue new shares to be distributed to BHP shareholders. BHP holders will own 48% of WPL post the deal & will receive around 0.1768 WPL shares for each BHP share held, around 1 WPL for each 5.65 BHP shares. Woodside's share register is managed by Computershare Investor Services Pty Ltd. All-stock merger of Woodside and BHP Petroleum. Based on the specific NewCo ownership ratio BHP shareholders are going to be given something around ~$4.50/BHP share in Woodside stock with the transaction likely to complete this FY. These shares are the proceeds of BHP spinning off its petroleum assets, hence owning 48% of the merged group. Completion is targeted for Q2 2022. appointed Chief Executive Officer and Managing Director. The Merger ratio is based on the number of Woodside shares at the effective date. 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 BHP's current share price) which would carry US$1.97 of franking credits per BHP share. The effective date of the merger will be backdated to 1 July 2021. Expect documents in early April, WPL vote at the AGM mid-May, complete early June. Based on Woodside's share price of US$25.55 at 6 April 2022, the. Update on BHP Petroleum and Woodside merger and share distribution information. The scheme documentation will be released in March, Shareholder voting happens in April with BHP's divestment into this expanded WPL to complete in May (JQ22). BHP and Woodside are working towards completion of the Merger, which is scheduled for 1 June 2022 . BHP shareholders will receive payment in WPL shares with BHP shareholders set to own around 48% of the combined entity. Combined market capitalisationof ~A$41 billion. BHP and Woodside have agreed a deal whereby Woodside will acquire BHP's Petroleum business. BHP Shareholders will receive 1 share in Woodside share for every 5.5340 BHP shares owned, along side an in-specie dividend to be paid. This has seen the WTI crude oil . The BHP Group is the world's largest iron ore producer. The rejection from the 2127.0 resistance has truncated the recovery move. Based on the various media reports, BHP's petroleum assets represent in the order of between 75-110% of Woodside's current size. The merger of these two businesses will create a global top 10 independent energy company in production terms of the LNG industry. , issuing new Woodside shares to BHP shareholders. From Woodside's perspective there are some things to like about the potential merger. Dividend entitlement - BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. Investors. Anthony Macdonald, Yolanda Redrup and Kanika Sood. This is equal to a further 5.1% of the current BHP share price of $51.72. Under the proposed merger, BHP shareholders will receive Woodside shares as consideration and BHP's assets would be merged on a debt-free basis. This means the BHP share price is now up 11% since the start of the year. If the deal had been a conventional takeover with a price offered rather than an agreed merger of assets paid for by shares, it would have died as soon . and. BHP Shareholders will receive 1 share in Woodside share for every 5.5340 BHP shares owned, along side an in-specie dividend to be paid. Woodside Energy CEO Meg O'Neill said production and revenue in the second quarter rose 60% and 44% respectively from the first three months of 2022, helped by the contribution from BHP's petroleum business. On May 19th, 2022, Woodside (WDS:ASX) announced that it had approved to be acquired by BHP Group Ltd (BHP:ASX) effective by June 1st, 2022. The expanded Woodside would be owned 52% by existing Woodside shareholders and 48% by existing BHP shareholders. The BHP share price has been a strong performer in 2021. 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. Timing and completion. BRISBANE, May 19 (Reuters) - Woodside Petroleum's (WPL.AX) shareholders on Thursday voted for a merger with BHP Group's (BHP.AX) petroleum arm to create a top 10 global independent oil and gas . 24 Sept 21. Based on Woodside's share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum is US$23.4 billion.