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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 8:25AM
Price at Release
$36.160
Full Release
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Summary
The document summarizes a Brickworks Limited shareholders meeting concerning the Brickworks Share Scheme, which involves a proposed combination with Washington H. Soul Pattinson and Company Limited under a new ASX-listed company, Topco. Shareholders of Brickworks, except Ineligible Foreign Shareholders, will receive 0.82 Topco Shares per Brickworks Share. The scheme implies a value of $36.33 per Brickworks Share and a market capitalization of $16.9 billion for the Combined Group. A capital raise of approximately $1.4 billion through new Topco Shares is planned to manage debt and fund growth. The meeting also included a resolution vote, requiring a majority in number and 75% of votes cast for approval. The Brickworks Independent Directors recommended voting in favor, supported by an independent expert assessment deeming the scheme fair and reasonable.
Key Points
  • Proposed Combination with Washington H. Soul Pattinson
  • New ASX-listed company Topco to acquire all shares
  • 0.82 Topco Shares for each Brickworks Share
  • Share Scheme implies $36.33 per Brickworks Share value
  • Combination Group market capitalization of $16.9 billion
  • Capital raise of $1.4 billion planned
  • Resolution requires majority and 75% votes for approval
  • Independent Directors recommend voting in favor
  • Independent Expert deems scheme fair and reasonable
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.