I am leaving BHP. Will I still be able to participate in the plan when I leave?
No. You will not be able to participate in further plans when you leave, and will cease to be a participant of any existing plans.
What happens to my shares when I leave? What are my obligations?
Your HR/payroll will formally notify the Plan Administrator each month of participants who have ceased employment including the reason for departure. To ensure that you continue to receive all future communications about your Shareplus entitlements and any residual contribution balances, it is your responsibility to update the Plan Administrator with your personal contact (email address) and banking details online in your Shareworks account (accessible via BHPBshareplus.com).
On leaving BHP, your shares will remain in the Plan for a period of six months and you will receive a notification from Shareworks outlining leaver information for your Acquired and any Matched shares. During this six month period you can access your shares to either sell them using the online sale facility, or you can transfer them to your own issuer sponsored shareholder account. If you take no action, at the end of the six month period your shares will be automatically transferred out of Shareworks to an ordinary shareholder account in your name (or similar arrangement depending on the stock exchange) on the relevant stock exchange share registry.
If I leave before the end of the Holding Period do I lose my right to receive Matched Shares?
Your eligibility to receive Matched Shares depends on your reason for leaving. The table below sets out the different leaving circumstances and the treatment of shares. Any applicable Matched Shares will be awarded as soon as practicable after you leave BHP. In any other leaving situation the treatment of Matched Shares is at BHP’s discretion.
I am resigning from BHP. Do I lose my Acquired Shares and will I lose my right to receive Matched Shares?
You do not lose your Acquired Shares. However, you will lose your right to receive Matched Shares when you leave.
What happens to my contributions if I leave BHP, or withdraw my enrolment?
If the Plan Administrator has been notified by your HR/payroll of your departure or withdrawal from the Plan before the next purchase date, no shares will be purchased on your behalf. Instead, the Plan Administrator will make your contributions available to you to withdraw as soon as practicable.