Outcome of Meeting – BrickX Trust No.25 (Wyndham Vale WYN01)
In accordance with the BrickX Platform Product Disclosure Statement 18(36.7%), BrickX Financial Services Limited (the Trustee) has issued the Notice of Meeting for BrickX Trust No. 25 (Trust) for holders of Bricks in the Trust (Brick Holders) to consider passing a resolution to wind up the Trust whose property is located at 68 Smile Crescent, Wyndham Vale VIC 3024 (Property).
This Meeting was held at 11.30 am (Melbourne time) on Friday 12 May 2023 and this notice provides Brick Holders with the outcome from the vote on the resolution set out in the Notice of Meeting which were as follows:
|3,819.00 (92%)||310.00 (8%)||29||Considered|
* Resolution 1 votes are shown as a proportion of the total number of votes that may be cast by Brick Holders in the BrickX Trust No. 25 who are entitled to vote (10,000).
What happens now?
Given Resolutions 1 has been voted in favour of and the winding up of the Trust has been approved, the Manager will commence the process to wind up the Trust in accordance with the Resolution.
Since the date of issue of the Notice of Meeting and commencement of the voting process, no trading in Bricks relating to the Property has been allowed. The trading halt will remain in place during the winding up of the Trust. A final distribution will be paid into Brick Holders Digital Wallets following completion of the winding up of the Trust.
We will provide further updates on the property sale process to Brick Holders in due course.