BHP investors approve scrapping of dual listing

FILE PHOTO: 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 (Reuters) -BHP Group 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.

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