31st Jan 2022 07:52
(Alliance News) - BHP Group PLC on Monday said its corporate structure unification will become effective once its new shares begin trading in London and Johannesburg, following its sanction by the UK court on Tuesday last week.
With effect from the Johannesburg equities open, BHP Group Ltd shares have been admitted to trading. As a result, the miner's PLC shares have been suspended and will be cancelled at the open on Friday.
In London, the Ltd shares will be admitted to trading at the open, while the PLC shares are cancelled at the same time.
PLC shareholders will receive one Ltd share for each PLC share held at 2100 GMT on Friday last week.
For the purposes of the unification, 2.11 billion new Ltd shares have been issued in London, Johannesburg and Sydney, leading to the company having 5.06 billion shares issued overall.
Shares in BHP Group closed 1.2% lower at AUD46.35 on Monday in Sydney.
By Dayo Laniyan; [email protected]
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