Brickworks Ltd (ASX: BKW) is in focus after shareholders overwhelmingly approved the proposed combination with Washington H. Soul Pattinson (ASX: SOL), with 97.4% of votes cast in favour of the Brickworks Share Scheme.
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What did Brickworks report?
- 97.4% of Brickworks shareholders present and voting supported the Share Scheme resolution
- 98.81% of the total votes cast by Brickworks shareholders were in favour
- At the corresponding Soul Patts meeting, 96.84% of shareholders voted in favour
- General meeting resolutions to grant performance rights to the incoming CEO were also carried
What else do investors need to know?
The combination between Brickworks and Soul Patts will now progress to final court approval, with court hearings scheduled for 12 September 2025. If the conditions are satisfied and the court gives its blessing, both Brickworks and Soul Patts shares are expected to be suspended on the ASX after trading closes on 15 September 2025.
Eligible shareholders will receive Topco shares, with Brickworks holders to get 0.82 Topco shares for each Brickworks share on record as at 17 September 2025. Deferred settlement trading in Topco shares is expected to commence on 16 September, moving to normal settlement from 24 September.
What's next for Brickworks?
The key remaining hurdle is court approval of the schemes, due soon. Once finalised, the merged entity—listed as Topco—will bring together the investment and industrial strengths of both companies, aiming to deliver ongoing returns and stability for shareholders.
Brickworks says any changes to the indicative timetable will be announced to the ASX. Investors can access more details through the company website or dedicated shareholder information lines.
