Norges Bank has submitted an amendment to its disclosure regarding its interests in BHP Group Limited and Anglo American plc. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Norges Bank holds 1.64% of the relevant securities of BHP Group Limited, representing 83,373,625 ordinary NPV shares. Additionally, the bank holds cash-settled derivatives amounting to 0.14% of the relevant securities, totaling 6,963,300 shares.
The disclosure also includes details of recent dealings by Norges Bank. Notably, the bank sold 47,716 ordinary NPV shares of BHP Group Limited at a price of 527.0235 ZAR per unit and purchased 885,000 ordinary NPV shares at a price of 43.0300 AUD per unit. Furthermore, the bank increased a short position in cash-settled derivatives by 885,000 shares at a price of 43.0300 AUD per unit.
Norges Bank clarified that it does not have discretion regarding dealing and offer acceptance decisions in respect to 9,960,279 shares that are included in the total disclosed. The disclosure also emphasized the requirement to disclose all interests and short positions, as well as the details of any open stock-settled derivative positions.
The disclosure did not include any indemnity or option arrangements, agreements, or understandings relating to options or derivatives. It also stated that if there are no such agreements, arrangements, or understandings, they should be explicitly mentioned as "none."
This amendment provides a comprehensive overview of Norges Bank's holdings and recent dealings in BHP Group Limited and Anglo American plc, in compliance with the regulatory requirements of the Takeover Code.