Washington H. Soul Pattinson and Company Limited (ASX:SOL), a diversified investment house with a portfolio of assets across multiple industries, has announced the registration of its Combination Booklet with ASIC. The booklet details the proposed combination with Brickworks Limited. The company’s long-term investment approach aims to deliver superior returns through capital growth and regular dividends, providing investors access to listed equities, private markets, credit, and property assets.
The Supreme Court of New South Wales previously approved Soul Patts convening a meeting for SOL Shareholders to vote on the proposed Combination. The Combination Booklet, including the Independent Expert’s Report (IER) and Notice of Scheme Meeting, will be emailed or posted to SOL Shareholders, and is accessible online. The Soul Patts Board urges all shareholders to read the booklet thoroughly before voting.
Lonergan Edwards & Associates Limited, the appointed Independent Expert, has concluded that the SOL Share Scheme is in the best interests of SOL Shareholders. The IER states the advantages of the proposed Combination outweigh the disadvantages, in the absence of a superior proposal. The Soul Patts Board also considers the proposed Combination a logical step that could enhance long-term shareholder returns.
The Soul Patts Board unanimously recommends that SOL Shareholders vote in favour of the SOL Share Scheme, assuming no superior proposal emerges and the Independent Expert maintains its positive conclusion. Each Soul Patts Director intends to vote all of their shares in support of the Scheme. The SOL Share Scheme Meeting is scheduled for 10 September 2025.
