Diversified major BHP’s unification has become effective, and amendments to the company’s constitution were approved by shareholders.
The UK Court last week sanctioned the BHP Group Plc scheme of arrangement to effect the unification of BHP’s corporate structure.
To effect unification, Plc Shares and Plc ADSs will be exchanged for Limited shares and Limited ADSs (respectively) on a one-for-one basis. BHP Group Limited will become the sole parent company of the BHP Group.
New Limited shares will start trading on the ASX on a deferred settlement basis under the ticker “BHPN”, while Limited shares, including new Limited shares, will be admitted to the JSE under the ticker “BHG”. Limited Shares, including new Limited shares, will be admitted to the standard listing segment of the FCA Official List and to trading on the Main Market of the LSE under the ticker “BHP”, while new Limited ADSs will be admitted to trading on the NYSE under the ticker “BHP”.
Trading on all platforms will start on January 31.