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General SENS Submitter Company - Informative Notice 20220510 BHP Group Distribution of Woodside Petroleum Informative Notice UPDATED

Release Date: 10/05/2022 17:50
Code(s): GSSC     PDF:  
Wrap Text
Informative Notice – 20220510 BHP Group Distribution of Woodside Petroleum Informative Notice UPDATED

 BHP Group Ltd (South Africa): Distribution of Woodside Petroleum Ltd
                              (Australia)

             Informative Notice (FTSE/JSE Africa Index Series) Updated

               The terms have been updated to reflect the correct ratio.

                                                         10 May 2022
 FTSE/JSE notes the announcement by BHP Group Ltd (AU000000BHP4, FTSE/JSE Top 40 Index)
 relating to the distribution of shares that will be issued in Woodside Petroleum Ltd (AU000000WPL2) to
 their shareholders.

 In the distribution, eligible South African resident BHP Group Ltd shareholders can elect to receive one
 5.5340 Australian Securities Exchange listed Woodside Petroleum share for every 5.5340 one shares
 held. South African resident shareholders who do not elect will be deemed to be Ineligible Overseas
 Shareholders incapable of holding the Woodside Petroleum Ltd shares and will instead receive cash
 proceeds through a share sale facility, whereby the share entitlement will be sold on their behalf and
 sale proceeds may take up to 12 weeks to distribute. BHP Group Ltd is expected to trade ex-
 entitlement to the distribution on Tuesday 24 May 2022.

 Based on the current timetable, FTSE/JSE intends to assume non-election and implement the event as
 a capital repayment on the ex-date, with the amount based on the Australian Securities Exchange
 Woodside Petroleum Ltd close price, converted using the 4pm WM rate on the cum date (i.e. from
 Monday 23 May 2022).

 The event will be confirmed through the tracker files in due course.




For further information please contact FTSE Russell Client Services at info@ftserussell.com or call:

 Australia              +1800 653 680
 Hong Kong              +852 2164 3333
 Japan                  +81 3 6441 1440
 London                 +44 (0) 20 7866 1810
 New York               +1866 551 0617




Alternatively please visit our website at www.ftserussell.com

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Date: 10-05-2022 05:50:00
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