TIDMBHP

RNS Number : 5116X

BHP Group PLC

28 August 2020

 
Group Governance 
28 August 2020 
 
 
 To:   JSE Limited 
       London Stock Exchange

Notice of Dividend Currency Exchange Rate (South African Rand)

2020 Final Dividend

 
 Name of entity   BHP Group Plc   REG NO 3196209

On 18 August 2020, the Board of BHP determined to pay a final dividend of 55 US cents per share for the year ended 30 June 2020.

The currency exchange rate applicable for the dividend payable in South African cents to shareholders on the BHP Group Plc branch register is based on the exchange rate on 28 August 2020 and is set out below:

 
 Dividend 55 US cents     Exchange rate   Dividend per ordinary 
  per share                                share in local currency 
                         -------------- 
 
   South African cents      16.84200        926.31000 
-----------------------  --------------  -------------------------

The exchange rates applicable to the BHP dividend being paid in other currencies will be based on the foreign currency exchange rates on the Dividend Reinvestment Election Plan Date, being 8 September 2020, and will be announced to the market.

BHP Group Plc shareholders registered on the South African section of the register will not be able to dematerialise or rematerialise their shareholdings between the dates of 2 September 2020 and 4 September 2020, both dates inclusive, nor will transfers between the UK register and the South African register be permitted between the dates of 28 August 2020 and 4 September 2020, both dates inclusive.

The dividend will be paid on 22 September 2020.

Authorised for lodgement by:

Caroline Cox

Company Secretary

Sponsor: UBS South Africa (Pty) Limited

BHP Group Plc Registration number 3196209

LEI 549300C116EOWV835768

Registered in England and Wales

Registered Office: Nova South, 160 Victoria Street, London SW1E 5LB United Kingdom

A member of the BHP Group which is headquartered in Australia

NOTE: Additional information required by the JSE Listing Requirements

1. The dividend should be regarded as a 'foreign dividend' for the purposes of South African income tax and South African dividends tax.

2. Dividend Tax will be withheld from the amount of the gross final dividend of 185.26200 South African cents per ordinary share paid to shareholders on the South African branch register at the rate of 20 per cent, unless a shareholder qualifies for an exemption.

3. After the Dividend Tax has been withheld, the net dividend will be 741.04800 South African cents per ordinary share.

4. BHP Group Plc had a total of 2,112,071,796 ordinary shares in issue at the dividend determination date of 18 August 2020.

   5.         The dividend will be paid out of retained earnings.

6. For the avoidance of doubt, Dividend Tax, and therefore the information provided in this announcement, is only of direct application to shareholders on the South African branch register.

7. We have been advised that banks are ceasing to produce (and later accept) cheques in the interest of facilitating safer and quicker payment, and this now impacts the payment of the September 2020 dividend in South Africa. Therefore, BHP Group Plc will no longer be issuing dividend cheques in South Africa. All future payments will only be made into a nominated bank account by electronic funds transfer. Shareholders who have not yet provided their bank account details are reminded to contact Computershare Investor Services (Pty) Limited with their account details into which dividends can be paid electronically.

Shareholders on the South African branch register should direct any questions regarding the application of the Dividend Tax to:

BHP Group Plc Branch Registrar and Transfer Secretary

Computershare Investor Services (Pty) Limited

Rosebank Towers

15 Biermann Avenue

Rosebank

2196

South Africa

Private Bag X9000

Saxonwold

2132 South Africa

Telephone +27 11 373 0033

Facsimile +27 11 688 5217

Email enquiries: web.queries@computershare.co.za

Holders of shares dematerialised into STRATE should contact their CSDP or stockbroker.

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END

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August 28, 2020 11:12 ET (15:12 GMT)

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