Announcement 17/8/21

Oil and Gas merge with WPL and Dual Listing  has gone:

Massive $US17bn underlying profit, the third biggest since Australia’s BHP merged with London-listed Billiton in 2001. Shareholders will receive a better than expected final dividend of $US2 per share, taking total dividends in the year to a record $US3.01. Iron ore contributed around 80% of its profit. BHP will enter the potash market too. Mike Henry very excited about this move. UK holders will be happy with the collapsing of the dual listing and ASX will be its primary listing. Up 8.2% in London trade early but that may be the dual listing bounce