After the Vest: Holding, Selling or Transferring

 

Holding Matched/Acquired Shares

You can keep your Matched/Acquired Shares in your Shareworks account for as long as you remain in employed by BHP. Keeping your Matched/Acquired Shares in your Shareworks account has the following benefits:

  • Your dividends can be distributed to you through payroll, if you receive your salary in a currency other than AUD, GBP or USD.
  • You can instruct the Plan Administrator to sell the Acquired Shares or Matched Shares for you (subject to Our Requirements for Securities Dealing). This can be beneficial in countries where brokers may not easily trade in those shares on the relevant stock exchange (for example if you are in Chile or Canada and have Matched/Acquired Shares on the Australian Stock Exchange).
  •  BHP will cover costs of sale and brokerage for you if you sell through Shareworks.

When you leave BHP your Matched/Acquired Shares will remain in your Shareworks account for six months, after which they will be transferred to the ordinary shareholder register.

 

Selling Matched/Acquired Shares

Under Our Requirements for Securities Dealing, a sale or transfer of shares is a “dealing”. You must ensure you comply with Our Requirements for Securities Dealing when selling or transferring BHP securities.

If you are an Employee Insider you will have been advised of this by Group Governance. All Employee Insiders must receive clearance prior to dealing in BHP securities. Further information can be found in Our Requirements for Securities Dealing, available from the BHP Digital Workspace.

If you choose to sell your Matched/Acquired Shares, the Plan Administrator will complete the sale, and BHP will pay brokerage costs of the sale for you.

 

When can I sell my Matched/Acquired Shares?

If you have a mandatory tax withholding liability, you will be able to sell your Matched Shares within the next few business days. If you do not have withholding obligations, your Matched Shares will be available to sell after the vest has occurred.

 

How can I sell my Matched/Acquired Shares?

You can sell Acquired and Matched Shares held in your Shareworks account through the online sale facility, either via the Shareworks website or the Shareworks app. If you have difficulties with this, you may call the Plan Administrator.

 

Will there be any costs of sale?

When you sell your Matched/Acquired Shares from your Shareworks account, BHP may cover the costs of the sale. Generally, all costs incurred in transferring/receiving the proceeds of sale in your chosen currency as described below, will be charged to you.

 

Do I have to sell my Matched/Acquired Shares by a specific date?

No, you can hold your Matched/Acquired Shares in your Shareworks account until you sell or transfer them, or you cease employment with BHP.

 

How are sale proceeds distributed?

You can elect how you wish to receive your sale proceeds. The options available are:

  • Direct Credit (for GBP, AUD, and USD accounts not requiring currency conversions)
  • Foreign Currency Wire

 

How long will it take for me to receive sale proceeds?

You should receive your sale proceeds into your nominated bank account within approximately one week of the trade settlement date.

 

Can Shareworks pay sale proceeds in any currency?

No. Only selected currencies are available. If selling online you will only be presented with those currencies available to your country.

 

Transferring Your Matched/Acquired Shares

You must ensure you comply with Our Requirements for Securities Dealing when selling or transferring BHP securities.

If you are an Employee Insider you will have been advised of this by Group Governance. All Employee Insiders must receive clearance prior to dealing in BHP securities. Further information can be found in Our Requirements for Securities Dealing, available from the BHP Digital Workspace.

Transferring your Matched/Acquired Shares out of your Shareworks account and into your own name as ordinary shares on the BHP register enables you to

  • Add them to your existing portfolio of BHP ordinary shares;
  • transfer them to other holders (e.g. your spouse or into a trust); or
  • transfer them to a brokerage account

Note that these options are not available for employees located in China

 

How can I transfer my Matched/Acquired Shares?

Matched/Acquired Shares held in your Shareworks account can be transferred through the online facility in your Shareworks account to Computershare and then to your personal broker.

Refer to the Your Shareworks Account section for more information.

 

Accessing your Shareworks Account

You can access your Shareworks account via the website or the Shareworks app.

Website: go to www.BHPBshareplus.com and click on the ‘View your portfolio and personal information’ button

You will need your account number (starting with ‘CS’) / username / employee number (starting with the number ‘2’) and your password.

To sell or transfer your Matched/Acquired Shares, click on the ‘Share Purchase and Holdings’ tab and the ‘Transact’ link and follow the online instructions. For further information on navigating the Shareworks website, see the Documents tab at www.bhpbshareplus.com.

Shareworks App: download the Shareworks App from the App Store.

The Plan Administrator

Shareplus is administered by Shareworks, a wholly owned subsidiary of Morgan Stanley

You can contact Shareworks directly on;

  • Toll Free - Australia 1 800 881 011 then after the prompt, please dial 800 871 2612 (10am - 4pm AEST)
  • Toll Free - United Kingdom 0800 890 011 then after the prompt, please dial 800 871 1538 (8:30am - 4:30pm GMT)
  • Toll Free - Singapore 800 011 1111 then after the prompt, please dial 800 871 2612 (10am - 4pm SGT)
  • Toll Free – Chile 800 360 312 then after the prompt, please dial 800 871 1727 (9am - 5.30pm CLT)
  • Toll Free – Malaysia 1800 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)