BWP Trust (BWP) EGM 2025 summary

Opening remarks and agenda

• Chairman Tony Howarth opened the meeting, followed by an Acknowledgement of Country and outlined the agenda, including presentations, formal business, Q&A, proxy voting results, and meeting close.

Specific resolutions to be voted on

• Resolution 1: General approval of the Proposed Transaction and related party arrangements, including internalisation, lease reset and extension, capital expenditure, and future related party dealings.

• Resolution 2: Approval of an employee incentive plan.

• Resolution 3: Amendments to the existing trust constitution, including proportional takeover provisions for three years.

Board and executive committee updates

• The Non-Executive Directors unanimously recommended the Proposed Transaction.

• Continuity of the Board and senior management team is planned post-transaction.