Soul Patts investor call
June 2, 2025
Soul Patts questions.
Does the appointment of only 1 of the 4 Brickworks independent directors to the proposed Topco board suggest that this is more of a takeover than a merger? How was board composition determined?
S&P doesn't include LICs in its various indexes. Given this deal involves Soul Patts pivoting towards brick manufacturing and property, will the LIC component be downgraded going forward, particularly given the pivot to private markets. What is the likely index impact from this transaction
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