In accordance with the BrickX Platform Product Disclosure Statement, BrickX Financial Services Limited (the Trustee) has issued the Notice of Meeting for BrickX Trust No. 15 (Trust) for holders of Bricks in the Trust (Brick Holders) to consider passing resolutions to sell the property and wind up the Trust in relation to the property located at 30/14 Royston Street, Darlinghurst NSW 2010 (Property).
This Meeting will be held at 11.00am (Melbourne time) on Friday 9 June 2023 to provide Brick Holders with the opportunity to vote on on resolution:
Resolution 1 – Approval to sell Property
To consider, and if thought fit, pass the following resolution:
“It is resolved as an extraordinary resolution of the members of the BrickX Platform (ARSN 613 156 433) (Scheme) who hold the class of interests in the Scheme represented by units (Bricks) in the BrickX Trust No. 15 (Trust) that the property located at 30/14 Royston Street, Darlinghurst, NSW, 2010 (Property), which is the primary asset of the Trust, may be offered for sale:
(a) at a price not less than $640,000, this being the greater of the previous two semi-annual independent valuations obtained dated 30 June 2022 of $640,000 and 31 December 2022 of $620,000, (Offer Price); and
(b) until 30 September 2023 or for such longer period, which may be up to and including 31 December 2023, as BrickX Financial Services Limited (ABN 67 616 118 088, AFSL 494878) the trustee of the Trust (Trustee) determines to be appropriate to obtain at least the Offer Price for the Property.”
Resolution 2 – General power
If Resolution 1 is passed, to consider, and if thought fit, pass the following resolution:
“It is resolved as an ordinary resolution that each director and company secretary of the Trustee is authorised to do all things necessary or desirable to give effect to Resolution 1 including, without limitation, signing documents, lodging any forms or notices with any authority and, following settlement of any sale of the Property, wind up the Trust.”
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 with Brick Holders shortly about the voting process.
For Individuals:
There are two ways to vote before the Meeting:
- use the Voter Access Code provided by email to complete and lodge the Proxy Form online via CorpVote’s secure voting platform when the online voting process opens (expected to be on Wednesday 17 May 2023); or
- print and fill out a copy of the Proxy Form for Individuals, sign it and either:
- scan and email it to CorpVote (support@corpvote.com.au); or
- send it by mail to the address shown on the Proxy Form.
For Companies 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) wishing to vote before the Meeting must print and fill out a copy of the Proxy Form for Companies, have the form signed on behalf of the company and either:
- scan and email it to CorpVote (support@corpvote.com.au); or
- send it by mail to the address shown on the Proxy Form.
The Proxy Form must be received (by mail or through online lodgement) later than 11.00am (Melbourne time) on Wedneday 7 June 2023.
The Meeting will be a hybrid (virtual and physical) meeting conducted in person and via video and teleconference and voting facilities will be available during the Meeting. You will be provided with information about how to register your attendance if you wish to participate in the Meeting. However, you are encouraged to vote before the Meeting if possible.
For assistance with the vote, please contact CorpVote on 1300 710 950 or email support@corpvote.com.au.
What happens now?
From the issue of the Notice of Meeting, 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 info@brickx.com.
