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BHP stocks up on board approval for scrapping dual listing

By Debabrata Das

08:38, 3 December 2021

Moon rises of over the BHP building in Perth
Moon rises of over the BHP building in Perth – Photo: Alamy

The stock price of Australian miner BHP Group ended 1.3% higher on Friday, a day after its board approved a proposal to scrap its dual-listing structure.

BHP had made the announcement during after-market hours in Australia on Thursday. The company has been listed in Australia and the UK since 2001, when it merged with Biliton Plc.

In August, the company decided to simplify the corporate structure by remaining listed in Australia and merging the Australian company BHP Group Limited and the UK company BHP Group Plc.

Best for shareholders

On Thursday, BHP said that its board had approved the unification as it is “in the best interests” of its shareholders.


38,811.15 Price
-0.080% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


16,001.20 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 7.0


2,072.25 Price
+1.760% 1D Chg, %
Long position overnight fee -0.0193%
Short position overnight fee 0.0111%
Overnight fee time 22:00 (UTC)
Spread 0.30


0.62 Price
+0.160% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

“BHP is in great shape and now is the right time to make strategic, transformative changes for the future. Unification will create one parent company, one share register and one share price globally. We believe this is the best structure for BHP to provide the resources the world needs and create long-term shareholder value,” Ken MacKenzie, BHP chair, said in a statement.

The company now proposes to hold a shareholders meeting on 20 January 2022 and the unification is expected to be completed by 31 January 2022, following the approval of shareholders and the receipt of remaining regulatory approvals and UK court sanction of the scheme.

Read more: ASX-listed BHP shares see worst day in 15 months on London FTSE exit

Markets in this article

BHP Group
63.02 USD
1.99 +3.270%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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