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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Brickworks
Brickworks (BKW) investor relations material
Brickworks has been delisted
Brickworks Scheme Meeting 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Scheme Meeting 2025 summary9 Sep, 2025
Opening remarks and agenda
Chair opened two consecutive meetings: the Brickworks share scheme meeting and the general meeting regarding performance rights for the proposed Topco CEO.
Quorum confirmed, meeting adjourned and reconvened as per agenda, with introductions of board, executive team, and key directors.
Meeting commenced following the closure of the Share Scheme Meeting, covering general meeting overview, resolution, Q&A, voting, chairman's address, and closure.
Board and executive committee updates
Independent Board Committee led negotiations for the proposed combination, excluding directors with conflicts.
Board unanimously recommends shareholders vote in favor of the share scheme, citing value creation and growth.
Proposed appointment of Todd Barlow, current MD & CEO of Soul Patts, as MD & CEO of Topco following the combination.
Independent Board Committee and Soul Patts Board both recommended shareholders vote in favor of the FY26 LTI grant to Mr Barlow.
Strategic initiatives and plans
Proposed combination of Brickworks and Soul Patts under Topco aims to eliminate cross-shareholding and simplify structure, forming a $16.9 billion ASX-listed company.
Topco to raise AUD 1.4 billion via new share issuance to fund growth, pay down debt, and cover transaction costs.
Brickworks shareholders to receive 0.82 Topco shares per Brickworks share, implying a value of AUD 36.33 per share.
Implementation timeline includes court approval, ASX listing, and share allocation, with completion expected by 23 September 2025.
The new structure aims to deliver enduring value and increased scale for shareholders.
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Frequently asked questions
Brickworks Limited is an Australian company engaged in manufacturing building products and investing in industrial real estate. Its operations include the production of bricks, pavers, roofing, precast and masonry products for residential and commercial construction. The company also holds property and investment interests in partnership with real estate developers. Brickworks Limited is headquartered in Sydney, Australia, and its shares are listed on the ASX.