Any applicable Matched Shares will be awarded as soon as practicable after you leave BHP.
The table below sets out the different leaving circumstances and the treatment of shares.
Industry sources have estimated that, combined, Alcoa and Alcan control about 70% of the aerospace aluminum market, meaning a hookup between the two would face scrutiny from competition regulators.Īsked about businesses that might overlap after a merger and pose antitrust hurdles, Alcoa's McLane said: "Expressions of interest have been made. Your eligibility to receive Matched Shares depends on your reason for leaving. "This is going to play out for a very long time."Īnother analyst said he didn't expect anything immediately, as Alcoa would likely wait to see how many shares are tendered before Alcoa's initial offer expires on July 10.Īlcan and Alcoa had been in merger discussions for two years, but were unable to come to an agreement, Alcan said. It's not a question of if, now it's a question of when," said John Ing, analyst and president of Maison Placements Canada. One analyst said he expected other offers, noting the share price was still well above the Alcoa offer. Do I have to join each plan year Once you have enrolled in Shareplus, you will be automatically re-enrolled in the following year’s plan unless you advise otherwise.
Bhp billiton shareplus plus#
liquidation preference of 1,000 per share, plus all accrued but unpaid. Alcan's shares are up about 30% since Alcoa's takeover bid was announced earlier this month as shareholders have anticipated other large players may step in with rival offers. When does the Shareplus 2022 Plan Year commence The Plan Year commences on 1 June 2022, with deductions of contributions commencing in the first pay period in June 2022. vetting service founded by Rio Tinto and BHP-Billiton that has become the major. opportunity to invest in shares and receive a generous match from BHP.
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