New York, New York! BHP celebrates 30 years in the Big Apple

BHP celebrates 30 years on the NYSE

BHP is celebrating its 30-year anniversary of trading on the New York Stock Exchange (NYSE) in the United States.

The Australian miner marked the milestone with its chief financial officer, Peter Beaven, ringing the closing bell on Wall Street at the end of June 19 trading.

Beaven said the company was proud to be part of the NYSE, one of the world’s largest and preeminent stock exchanges.

“Since we listed on the NYSE our North American shareholder base has grown significantly and now represents over a quarter of our institutional shareholder base,” Beaven said.

“A global company benefits from access to global funds and trading on the NYSE provides an important source of equity capital. It has also provided North American investors with an accessible way to invest directly in BHP. Our international investor base mirrors our global approach to business and trade.

“BHP is committed to creating long-term shareholder value and we value our long-term association with the NYSE.”

There have been calls this year by BHP investor, Elliott Associates, for the company to change its listing structure and divest its US petroleum assets.

In April, Elliott’s proposed that BHP change its dual-listed company structure, asset portfolio and capital management.

It suggested BHP should operate under a single UK-based company listed in London and demerge its US petroleum assets into a separate entity listed on the NYSE.

BHP rejected the proposal, saying the dual-listed structure delivered significant value to its shareholders.

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