Woodside shareholders approve merger with BHP’s petroleum business

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Woodside shareholders approved the proposed merger with BHP Group Limited’s petroleum division at yesterday’s annual general meeting.

Woodside, which expects completion of the merger to occur on 1 June 2022, said 98.66% of the votes submitted were in favour of the merger.

“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 2 June 2022,” reads the statement.

“Trading of Woodside American Depositary Shares on the New York Stock Exchange is expected to commence on 2 June 2022.

“Trading of Woodside shares on the Main Market for listed securities of the London Stock Exchange is expected to commence on 6 June 2022.”

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