BHP Group completes unification plan

BHP Group on Jan. 28 completed the unification of its corporate structure under its Australian parent, after receiving the prerequisite approvals. Under the terms, BHP Group Ltd. will own all of BHP Group PLC's to-be-issued and issued share capital.

Trading of BHP PLC's shares on the Johannesburg and London bourses as well as trading of American depositary shares on the NYSE will cease Jan. 31, according to a same-day news release.

A part of the unification, 2,112,071,796 new limited shares were issued and allotted, representing 42% of the total limited shares.

On Jan. 31, new limited shares will begin trading on the Australian Securities Exchange on a deferred settlement basis under the ticker BHPN, while limited shares and new limited shares will be admitted to the Johannesburg Stock Exchange under the ticker BHG. Limited shares and new limited shares will be admitted to the London Stock Exchange under the ticker BHP, and new American depositary shares will be admitted on the NYSE, also under the ticker BHP.

Normal trading for new limited shares on the ASX under the ticker BHP is expected to begin Feb. 2.