Woodside shareholders have voted to approve the proposed merger with the petroleum business of BHP Group Ltd at the company’s Annual General Meeting (AGM) on Thursday May 19, 2022.
98.66 percent of the votes submitted were in favour of the merger.
All conditions precedent necessary to implement the merger that require a positive action or event in order to be satisfied have now been satisfied or waived. Woodside expects completion of the merger to occur on June 1, 2022.
The new Woodside shares to be issued to or for the benefit of BHP shareholders are expected to commence trading on the Australian Securities Exchange (ASX) on June 2, 2022. Trading of Woodside American Depositary Shares on the New York Stock Exchange is expected to commence on June 2, 2022. Trading of Woodside shares on the main market for listed securities of the London Stock Exchange is expected to commence on June 6, 2022.
In addition, following the approval of Woodside shareholders at the AGM, Woodside’s change of name from Woodside Petroleum Ltd to Woodside Energy Group Ltd has been registered by the Australian Securities and Investments Commission (ASIC).
Woodside’s ASX ticker code will change from WPL to WDS with effect from Wednesday, May 25, 2022. All references to ‘Woodside Petroleum Ltd’ in the company’s constitution have been replaced with references to ‘Woodside Energy Group Ltd.’
The proportional takeover provisions contained in Schedule 1 of the company’s constitution have also been reinserted for a period of three years from May 19, 2022, following shareholder approval at the AGM.
For more information visit www.woodside.com.au
