Washington H. Soul Pattinson and Company (SOL) Scheme Meeting 2025 summary

Opening remarks and agenda

• Meeting opened with a welcome to shareholders, outlining the purpose to vote on a transformational proposal to combine with Brickworks, ending a 56-year cross-shareholding and simplifying the structure.

• The meeting was convened following a Supreme Court order, with the agenda including both a scheme meeting and a general meeting to approve a grant of performance rights to the proposed CEO for FY2026.

• Voting procedures were explained, with polls conducted in person and results to be released to the ASX and company website.

Board and executive committee updates

• The board, chaired by Robert Millner AO, includes eight non-executive directors (seven independent) and one executive director, ensuring a strong mix of skills and experience.

• Recent board additions and the presence of key executives and advisors were acknowledged.

Shareholder proposals

• Shareholders voted on the combination with Brickworks and on the grant of performance rights to the proposed CEO under the Topco Rights Plan.

• The board unanimously recommended both proposals, with all available proxies to be voted in favor.