The world’s biggest mining group is set to leave the London Stock Exchange after Australian and British investors voted for plans to simplify the group’s corporate structure under a main listing in Sydney.
The proposal won the approval of over 96% of shareholders yesterday and BHP is now expected to be deleted from the FTSE 100 from 31 January. The move is one of many changes made by chief executive Mike Henry since he assumed the role in early 2020. He has also committed to ending the firm's longstanding involvement in the oil and gas sector. BHP's dual structure, which is twenty years old, split its share register between the owners of BHP plc, based in London with about 42% of the investor base, and BHP Limited in Sydney. Only about 5% of BHP's earnings are generated by the UK entity...
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