Johannesburg, 31 January 2022: Trading in BHP Group Limited’s shares got underway today on the Johannesburg Stock Exchange (JSE) following the global mining giant’s decision to change its dual public holding into a single listing.

The unification has resulted in the consolidation of two companies into a single entity, BHP Group Limited.  The BHP Group Limited has a primary listing on the Australian Stock Exchange (ASX), a secondary listing on the JSE, a standard listing on the London Stock Exchange (LSE), and American depositary shares (ADSs) listing on the New York Stock Exchange (NYSE).   

According to BHP, the consolidation will provide a simpler corporate structure that will make BHP more nimble, and an important strategic move to set BHP and its shareholders up for the future.

“Unification will enable the BHP Group to undertake certain transactions such as demergers and equity raisings more simply and efficiently as a result of the BHP Group having a single shareholder base. This will improve the BHP Group’s flexibility to shape its portfolio, with the objective of maximising long-term value for shareholders,” the company said.

Furthermore, unification will eliminate the share price differential that previously existed between BHP Plc and BHP Limited, whereby London shares generally traded at a lower price than Sydney shares.

Valdene Reddy, Director of Capital Markets at the JSE, congratulated BHP on the consolidation, adding that the company’s retention of its listing signaled confidence in the quality of large companies listed on the JSE and commitment to giving South African investors access to a blue-chip mining company operating across the globe.

“This signifies the importance of the JSE’s deep market with highly liquid shares that give investors global exposure. We wish BHP well on its growth journey,” said Reddy.            

ENDS

The Johannesburg Stock Exchange (JSE) has a well-established history operating as a regulated marketplace for trading listed securities. The JSE is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself as being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent.ABOUT THE JSE

The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for over 130 years.

As a leading global exchange, the JSE co-creates, unlocks value and makes real connections happen.

www.jse.co.za