Soul Patts and Brickworks merger approved by shareholders

Washington H. Soul Pattinson and Company Limited (Soul Patts) and Brickworks Limited (Brickworks) announced that their respective shareholders approved the Share Schemes at meetings held on September 10, 2025. For the SOL Share Scheme Resolution, 96.84% of shareholders present and voting, and 92.42% of total votes cast, were in favor. Similarly, for the BKW Share Scheme Resolution, 97.40% of shareholders present and voting, and 98.81% of total votes cast, supported the resolution.

In addition to the Share Schemes, shareholders also approved resolutions at the general meetings. For Soul Patts, 96.77% of votes were in favor of granting performance rights to the managing director & CEO. For Brickworks, 97.98% of votes supported the grant of performance rights to the proposed managing director & CEO of Topco.

The combination remains subject to Court approval at the Second Court Hearings scheduled for September 12, 2025. If approved, the Share Schemes are expected to become legally effective on September 15, 2025, with SOL and BKW shares suspended from trading on the ASX at the close of that day. Topco Shares are anticipated to commence trading on a deferred settlement basis from September 16, 2025, and on a normal settlement basis from September 24, 2025. The record date for entitlement to Topco shares is September 17, 2025, with implementation on September 23, 2025.