Contact us English About What we do Investors Sustainability Careers News Suppliers Search Home About Our businesses Unified Corporate Structure BHP proposes to unify its corporate structure from two parent companies, with two share prices, into one under BHP Group Limited. Unification will provide a simpler corporate structure that will make BHP simpler and more agile, with the strategic flexibility to shape our portfolio for the future. A message from our CEO 7:31 A message from our CEO BHP’s Board supports unification as being in the best interests of BHP shareholders. Watch this video from CEO Mike Henry to hear more on the rationale and benefits of a simpler corporate structure. Simple. Efficient. Agile. Now is an attractive time to unify BHP’s corporate structure as we continue to position our portfolio to grow value from commodities that will benefit from global trends such as decarbonisation and economic growth. Just as we continually review and enhance our portfolio, we also regularly review our Dual Listed Company structure to ensure it is fit-for-purpose. The most recent review concluded now is the right time to unify our corporate structure. A simpler corporate structure will make BHP simpler and more agile, with the strategic flexibility to shape our portfolio for the future. For example, unification would enable BHP to undertake certain transactions more simply and efficiently than it can under the Dual Listed Company structure. This includes the agreement to merge BHP’s Petroleum business with Woodside Petroleum. Future demergers and equity raising transactions would also be simpler to execute following unification. A unified corporate structure 01:32 A unified corporate structure Watch this short video to better understand BHP’s Dual Listed Company corporate structure today, and the long-term shareholder value a unified corporate structure can enable in the future. Same commitment to great returns for shareholders. Under a unified corporate structure, BHP Group Limited shares would be listed on the Australian, London and Johannesburg stock exchanges, with an American Depository Receipt (ADR) program on the New York Stock Exchange. If you are a shareholder in BHP Group Limited, you will retain your existing shareholding in a unified BHP. Unification won’t affect BHP’s ability to fully franked dividends. If you are a shareholder in BHP Group Plc, you will have your shares exchanged for shares in BHP Group Limited on a one-for-one basis. Unification won’t change the things you rely on. BHP’s business including our Board, management and dividend policy will remain the same. Shareholders will have the opportunity to vote on unification. BHP will publish a Shareholder Circular shortly to help inform shareholder’s decisions when voting on the Unification proposal. A UK Prospectus will also be available. These documents will also include the notices of shareholder meetings of BHP Group Limited and BHP Group Plc, which are expected to take place on 20 January 2022. Unification is expected to complete by 31 January 2022 subject to approval by the shareholders of both BHP Group Limited and BHP Group Plc, receipt of remaining regulatory approvals and UK Court sanction of the scheme. What does this mean for shareholders? 2:11 What does this mean for shareholders? This short video explains the how the one-for-one share exchange works for Plc shareholders and what changes they can expect. The Future is Clear 01:00 The Future is Clear BHP is in great shape. We have a strategy to grow value from commodities that will benefit from global trends such as decarbonisation and population growth. Unification would help us deliver that strategy. Find out more Get the facts We’ve created this printable factsheet to help you understand how BHP’s unified corporate structure will deliver long-term shareholder value. Online services View your shareholding information and dividend payments and update your contact details. Electronic communication for shareholders, see historic company equity issues and historical share prices. Latest News Following a review, BHP announced its intention to unify its corporate structure on 17 August 2021. On 2 December 2021, BHP announced that we will proceed with our unification proposal. Frequently asked questions Please read our FAQs for general, shareholder and partner queries. 1. What change is BHP intending to make to its corporate structure? 2. What are the benefits of a unified corporate structure? 3. How is a unified corporate structure simpler and more efficient? 4. How does a unified corporate structure provide more agility and competitiveness, and why does this matter? 5. Will unification have any impact on BHP’s business fundamentals or operations? 6. Why does BHP have a Dual Listed Company structure? 7. Why does BHP want to make this change now? 8. What is the cost of unifying BHP’s corporate structure? 9. Will unification change BHP’s dividend policy? 10. Will BHP continue to fully frank dividends paid to shareholders? 11. Is BHP changing its Board/management team? 12. What are the steps and timeline to unify BHP’s corporate structure? 13. Will BHP retain its London office? 14. Has BHP commissioned an independent expert to provide an opinion on unification? 15. What will a unified structure mean for BHP Group Limited shareholders (ASX)? 16. What will a unified structure mean for BHP Group Plc shareholders (LSE) 17. What will a unified structure mean for BHP Group Plc shareholders (JSE)? 18. What will a unified structure mean for shareholders in the US (NYSE)? 19. How will unification affect BHP’s share price? 20. What will happen with franking credits? 21. Are there any tax implications for shareholders as a result of unification? 22. How would BHP manage Annual General Meetings under a unified corporate structure? 23. Would BHP voluntarily continue the annual election of directors? 24. What approvals are required to progress unification? 25. What action do I need to take 26. What is the deadline for submitting my vote? 27. I still have questions about unification. Where can I go for more information? 28. How would contracts with BHP Group Plc be impacted? The information contained on this website is provided for informational purposes only and does not constitute an offer to sell or otherwise dispose of or an invitation or solicitation of any offer to purchase or subscribe for any securities in BHP or any other member of the BHP group, or a solicitation of any vote or approval, nor should it be construed as legal, tax, financial, investment or accounting advice. Any decision made in relation to Unification should be made solely on the basis of the information provided in any document which expressly provides the purpose of which is considering the terms of the Unification and which contains the full terms and conditions of Unification. No offer of securities shall be made in the United States absent registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements. In connection with Unification, BHP Group Limited expects to issue ordinary shares (including ordinary shares represented by American Depositary Shares) to security holders of BHP Group Plc in reliance upon the exemption from the registration requirements of the Securities Act provided by Section 3(a)(10) thereof. © BHP 2021 About What we do Investors Sustainability Careers News Suppliers Contact us Keep in touch Follow BHP to stay up to date https://www.facebook.com/BHP https://www.linkedin.com/company/bhp/ https://www.twitter.com/BHP https://www.youtube.com/BHP Privacy Policy Modern Slavery Act Statement Terms of use Some cookies are strictly necessary for the operation of our website. We also use cookies to monitor your use of our website, compile aggregate data and provide you with a good experience when you browse our website. You can choose to accept or reject cookies, or manage your specific cookie options. 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