Holding Your Shares

 

What are Acquired Shares and Holding Period?

The shares acquired using contributions from your salary to Shareplus are referred to as Acquired Shares. Your Acquires Shares will be held in trust by the Plan Administrator. The Holding Period refers to the timeframe in which you are required to retain your Acquired Shares in order to receive your Matching Shares (please refer to the Receive Matched Shares section for further information). The Holding Period is approximately three years from the start of the plan year.

Will I be advised of the number of shares that have been purchased on my behalf?

Yes, you will be advised by the Plan Administrator that the shares have been purchased and you are able to view the number of shares that have been purchased on your behalf via the Shareworks website generally around the middle of the month following each purchase. Participants who have a registered email address on their Shareworks profile will also receive email confirmation of the share price used to purchase the shares as well.

Will the Acquired Shares be in my name?

Acquired Shares are held by the Shareplus Nominee in a nominee account on behalf of all employees.

Will I receive dividends on my Acquired Shares?

Yes. Dividends will be paid to participants holding Acquired Shares or Vested Matched shares. To receive a dividend payment directly you must ensure your bank account details are recorded in your Shareworks portfolio. Please visit BHPBshareplus.com to access your portfolio (and refer to Becoming a Shareholder and receiving Dividends Q&A for further information).

Can I reinvest my dividends to acquire more shares?

BHP has introduced a Dividend Reinvestment Program (DRP) for Shareplus participants located in Australia and the UK. Due to the terms and conditions of the DRP, Shareplus participants in other countries, as well as employees with Vested Share Accounts, are ineligible to participate in DRP and will continue to receive a cash dividend. Relevant DRP documentation for both Limited and Plc plans can be accessed on the BHP website at https://www.bhp.com/investor-centre/shareholder-information/dividends

The following exceptions apply for Shareplus:

  • Eligible Shareplus participants can elect only to fully participate in the DRP, no partial participation is permitted
  • DRP in both Plc and Limited plans are restricted to employees located in Australia and the UK
  • Shareplus Acquired and Vested Matched shares are eligible to participate

Please click here for DRP FAQ’s.

How long do I have to hold my Acquired Shares in order to receive my Matched Shares?

Acquired Shares purchased in Shareplus 2020 need to be held until the end of the Holding Period (3 years) to qualify for Matched Shares (see the Holding Period Q&A). You will receive your Matched Shares at the end of the Holding Period which, for Shareplus 2020, will be the first non-Prohibited Period date after 6 April 2023. The Holding Period will be reduced for leavers (see Leaving section Q&A).

Can I transfer my Acquired Shares to a member of my family or a trust?

Under the share plan, Acquired Shares are held by the Shareplus Nominee on your behalf. You can instruct the Plan Administrator to transfer some or all of the Acquired Shares into your name, to a family member or trust during the Holding Period, but you will lose the right to receive the Matched Shares relating to the Acquired Shares you sell or transfer. This applies equally if you sell your Acquired Shares during the Holding Period.

Can I sell or transfer my Acquired Shares at any time?

Yes, however, when dealing with any shares you must ensure that you comply with Our Requirements for Securities Dealing standard which can be downloaded from the BHP Digital Workspace. You should note that if you sell or transfer Acquired Shares during the Holding Period you will forfeit the right to receive Matched Shares in respect of the Acquired Shares you sell or transfer.

How do I sell or transfer my Acquired Shares?

Participants can sell or transfer their Acquired Shares using the Plan Administrator’s online sale facility in Shareworks or via the phone (subject to compliance with Our Requirements for Securities Dealing standard).

Online:

  • Login to your Shareplus online portfolio via Shareworks (visit BHPBshareplus.com).
  • Click on the ‘Share Purchase and Holdings’ tab.
  • Select ‘Manage Transactions’ from the ‘Transactions’ menu to view the Current Value of your shares, including the number of shares available to sell or transfer.
  • Select the ‘Transact’ link and enter the required information to sell or transfer your shares.

If you do not have access to a computer you can also sell or transfer your shares by calling the Plan Administrator:

  • Toll Free - Australia 1 800 260 907 (10am - 4pm AEST)
  • Toll Free - United Kingdom 0800 086 8051 (8:30am - 4:30pm GMT)
  • Toll Free - Singapore 800 852 3046 (10am - 4pm SGT)
  • Toll Free - Chile 800 914 119 (9am - 5.30pm CLT)
  • Toll Free - Malaysia 800 813 773 (8am - 2pm MYT)
  • Toll Free - North America 1 844 776 1597 (6am - 6pm MST)
  • International - 1 403 515 3956 (6am – 6pm MST) and 1 403 515 3909 (after 6pm MST)

 

When does the Holding Period end?

The Holding Period is approximately three years from the start of the Plan Year. For Shareplus 2020 the Holding Period will end on the first non-Prohibited Period date after 6 April 2023. The Holding Period will be reduced for leavers.

Can I sell or transfer my Acquired Shares during the Holding Period?

Yes, participants in the share plan are able to sell or transfer their Acquired Shares. You should note that if you sell or transfer Acquired Shares during the Holding Period you will lose the right to receive Matched Shares in respect of the Acquired Shares you sell or transfer.

Will I be able to receive Matched Shares if I leave BHP during the Holding Period?

Your eligibility to receive Matched Shares will depend on your reason for leaving, as set out in the Leaving section.

Can I still participate in the plan if I leave during a Holding Period?

No, you must be an employee to participate.

What happens if I no longer hold any Acquired Shares at the end of the Holding Period?

You will have lost the right to receive the related Matched Shares. Participants in the cash plan will have similarly lost the right to receive the value of the related Matched Units.

What happens at the end of the Holding Period?

At the end of the Holding Period, you will be given a Matched Share for each Acquired Share you hold.