BHP investors approve scrapping of dual listing

A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

SYDNEY/LONDON, Jan 20 (Reuters) – BHP Group (BHPB.L) investors in London and Sydney have approved plans to scrap the company’s dual listing in favour of a main listing in Sydney.

More than 97% of investors voted in favour of the plan at a company shareholder meeting in London after the proposal won the support of more than 96% of proxy votes at an earlier meeting in Australia.

Owners of BHP’s London-listed shares on the FTSE 100 index account for 42% of the overall register split between London and Sydney.

After unifying the shares BHP will drop out of the FTSE 100 but retain a standard listing in London.

The results of the votes will be published on the two stock exchanges later in the day.

Reporting by Tom Westbrook in Sydney and Clara Denina in London
Additional reporting by Zandi Shabalala
Editing by David Goodman

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