In accordance with the BrickX Platform Platform Product Disclosure Statement, BrickX Financial Services Limited (the Trustee) has issued the Notice of Meeting for BrickX Trust No. 1 (Trust) seeking the approval of the holders of Bricks in the Trust (Brick Holders) to sell the property located at 1/159 Enmore Road, Enmore NSW 2042 (Property). This notice provides Brick Holders with the opportunity to vote on two resolutions:

Resolution 1 – Approval to sell Property

Brick Holders are being asked to approve the offering of the Property for sale at a price of $670,000 for a period of 12 months .

Resolution 1 is an extraordinary resolution and will only be passed if Brick Holders who collectively hold at least 50% of the Bricks on issue in the Trust – that is, at least 5,000 out of the 10,000 Bricks on issue – vote in favour.

Resolution 2 – General power

The purpose of Resolution 2 is to authorise the Trustee to undertake all necessary and desirable actions to effect Resolution 1.

Resolution 2 is an ordinary resolution and will be passed if more than 50% of the votes cast by Brick Holders entitled to vote are in favour of the Resolution.  Resolution 2 will only be considered at the Meeting if Resolution 1 is passed.

For further details please refer to ‘Notice of Meeting – BrickX Trust No. 1’ (link to notice of meeting from BrickX website).

How to vote?

BrickX has engaged CorpVote Pty. Ltd. (CorpVote) to independently manage the process and make it as simple as possible for you. CorpVote will be in touch shortly with all the details on how to lodge your Proxy Form.

For Individuals:

There are two ways to vote:

  • use the Voter Access Code provided by email to complete and lodge the Proxy Form online via CorpVote’s secure voting platform; or
  • print and fill out a copy of the Proxy Form for Individuals, sign it and send in by mail to the address shown on the Proxy Form.

For Corporates including SMSFs and Trusts with a company as trustee:

Brick Holders who are companies (including corporate Brick Holders who hold their Bricks as trustee of a trust) must print and fill out a copy of the Proxy Form for Companies, have the form signed on behalf of the company and send it by mail to the address shown on the Proxy Form.

The Proxy Form must be received (by mail or through online lodgement) no later than 10.00am (Melbourne time) on Monday 4 May 2020.

For assistance with the vote, please contact CorpVote on 1300 147 797 or email [email protected].

What happens now?

As previous advised from the issue of the Notice of Meeting and commencement of the voting process, no Bricks relating to the Property may be traded through the Order Book until after the meeting.

When all votes have been counted, following the meeting:

  • if the required majority of votes cast are in favour of selling the Property – there will be no further trading in Bricks and The Brick Exchange Pty Ltd will undertake to sell the property in a timely manner and, following the sale, release a final distribution to all Brick Holders; and
  • if the required majority of votes are not cast in favour of selling the Property – the trading halt will be lifted, following which Bricks may again be bought and sold through the Order Book.

If you have any further questions, please refer to our Help Centre or contact [email protected].

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