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Brickworks Limited (ASX:BKW)

ALERT: Price-sensitive ASX Announcement for BKW
Current share price for BKW : $33.020 -3.14 (-8.68%)+
Announcement
Release
10 Sep 2025 8:26AM
Price at Release
$36.160
Full Release
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Summary
The General Meeting of Brickworks Limited focused on the proposed combination with Soul Patts to create a well-capitalized, simplified business entity called Topco. Shareholders were asked to approve the grant of performance rights to the proposed Managing Director and CEO of Topco, Mr. Todd Barlow. The meeting emphasized the strategic benefits of combining the two companies, which includes enhanced scale and value for shareholders. The cross-shareholding between Brickworks and Soul Patts, which has existed for 56 years, will be dissolved to form a new leading ASX-listed company. The meeting marked the last general gathering of Brickworks as an independent listed company.
Key Points
  • General Meeting held on 10 September 2025.
  • Proposal to combine Brickworks and Soul Patts into Topco.
  • Approval sought for granting performance rights to Todd Barlow.
  • Dissolution of 56-year cross-shareholding between Brickworks and Soul Patts.
  • Creation of a $16.9 billion ASX-listed company.
  • This was the last general meeting of Brickworks as a listed public company.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.