With the pending BHP merger of its oil and gas assets with Woodside, as a BHP shareholder I understand that new Woodside shares will be allocated to shareholders as an in-specie fully franked dividend. What date will this take effect and what will be the last date a BHP share purchase will qualify?

With the pending BHP merger of its oil and gas assets with Woodside, as a BHP shareholder I understand that new Woodside shares will be allocated to shareholders as an in-specie fully franked dividend. What date will this take effect and what will be the last date a BHP share purchase will qualify?

A: Implementation is scheduled for 1 July, 2022. To the best of my knowledge, BHP hasn’t yet announced the “ex-date” (the date you would need to own BHP shares in order to qualify for the distribution of Woodside shares). I would expect this to be in early/mid-June.


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