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Brickworks Ltd's Independent Directors Recommends To Vote Against Proposal From Perpetual Investment and M.H Carnegie & Co

Monday, 11 Nov 2013 06:22pm EST 

Brickworks Ltd announced that its Independent Directors have written to all Brickworks shareholders recommending they vote against the Proposal put forward by Perpetual Investment and M.H Carnegie & Co (Perpetual/Carnegie). Their recommendation is based on a number of key concerns, including that shareholders have not received the findings of the Grant Samuel Independent Export’s Report (IER), or a tax ruling from the Australian Tax Office (ATO) about the tax consequences of the Proposal, in time for the mailing out of the Independent Directors’ recommendation and shareholder proxy forms ahead of the meeting scheduled for November 25, 2013. In addition, the Independent Directors are awaiting clarification from the Australian Securities Exchange (ASX) about who is eligible to vote on the Proposal. 

Company Quote

6 Oct 2015