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BWP GROUP — Capital/Financing Update 2025
Jul 28, 2025
64592_rns_2025-07-28_5f9776bb-6db9-4475-9448-f830b963b29d.pdf
Capital/Financing Update
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Market Announcement
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29 July 2025
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BWP Group (ASX: BWP) – Admission of BWP Property Group Ltd and Quotation of Stapled Securities
Description
BWP Trust (‘BWP’) is currently admitted to the Official List of ASX and its units trade under the ASX code BWP.
On 28 July 2025, unitholders in BWP approved the resolutions necessary to staple the fully paid ordinary shares of BWP Property Group Ltd (‘BWP Property Group) to the units in BWP (‘Stapling Proposal’). The new stapled entity will trade as BWP Group, with BWP Group keeping the same ASX Code as the BWP Trust, being ‘BWP’.
The Stapling Proposal will be achieved by way of an in-specie distribution by BWP Management Limited, as responsible entity of the BWP Trust, of the shares in BWP Property Group to all unitholders in BWP Trust, distributing to the unitholders of BWP Trust one new fully paid ordinary share in BWP Property Group (‘New Shares’) for each BWP Trust unit held, so that the units become stapled on a one-for-one basis forming a single class of stapled securities (‘Stapled Securities’). The distribution will occur under the Meeting Booklet (comprising the Replacement Prospectus dated 8 July 2025 and the Notice of Meeting and Explanatory Memorandum dated 27 June 2025) by way of an in-specie distribution being made to BWP Trust’s unitholders, who under the constitutions of the BWP Trust and BWP Property Group, authorise and direct BWP Management Limited, as responsible entity of the BWP Trust, to make the in-specie distribution of the New Shares.
BWP Property Group Ltd was admitted to the Official List of ASX on Tuesday, 29 July 2025. The new stapled entity will trade as BWP Group, under the same ASX code ‘BWP’.
It is anticipated that the Stapled Securities of BWP Group will commence quotation on a deferred settlement basis at 09:59:00 am (+ 15 seconds) AEST on Wednesday, 30 July 2025.
BWP Property Group did not raise any capital in conjunction with its listing on ASX.
Quotation information
| Quoted securities | Stapled securities: 713,511,241 |
|---|---|
| ASX code | During the deferred settlement trading, the ASX code of the Stapled |
| Securities will be: BWPDA | |
| At commencement of normal (T+2) trading, the ASX code of the Stapled | |
| Securities will return to: BWP | |
| Time | 09:59:00 am (+ 15 seconds) AEST |
| Date | Wednesday, 30 July 2025 |
| ASX Trade Abbreviation | BWPPROPGP |
| ISIN | During deferred settlement trading, the ISIN of the Stapled Securities will |
| be: AU0000404782 | |
| At commencement of normal (T+2) trading, the ISIN will return to: | |
| AU000000BWP3 | |
| Registered office | BWP Property Group Ltd |
| Address: ‘Brookfield Place Tower 2’, Level 14, 123 St Georges Terrace, | |
| Perth,WA 6000 |
29 July 2025 Market Announcement 1/3 ASX Limited ASX Customer Service Centre 131 279 | asx.com.au
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| Phone: (+61 8) 9327 4356 | |
|---|---|
| Email: [email protected] | |
| Company secretary | Warren Martin Baillie |
| Share Registry | Computershare Investor Services Pty Limited |
| Address: Level 17, 221 St Georges Terrace Perth WA 6000 | |
| Phone: (Within Australia) 1300 850 505 / (Outside Australia) +61 3 9415 | |
| 4000 | |
| Email: [email protected] | |
| Balance date | 30 June |
| CHESS | Participating. CHESS and Issuer Sponsored. |
| Place of incorporation | Australia |
| Dividend policy | See section 10.11 (page 70) of the Meeting Booklet dated 8 July 2025 |
| Activities | Real estate investments |
| Lead manager | N/A |
| Underwriter | N/A |
| ASX restricted securities | N/A |
| Other securities not quoted | N/A |
The indicative timetable in relation to the Stapling Proposal is as follows.
| Indicative Date | Event |
|---|---|
| Tuesday, 29 July 2025 | Last day for trading of existing ordinary units on ASX (ASX: BWP) |
| BWP Property Group admitted to Official List of ASX | |
| Wednesday, 30 July 2025 | Trading commences in Stapled Securities on a deferred settlement basis |
| from 09:59:00 am (+15 seconds) AEST (ASX Code: BWPDA) | |
| Thursday, 31 July 2025 | Record Date for Stapling Proposal |
| Friday, 1 August 2025 | Effective date of Stapling Proposal |
| In specie distribution of units in the New Trust | |
| Last day of deferred settlement trading in Stapled Securities (ASX: BWPDA) | |
| Monday, 4 August 2025 | Trading commences in Stapled Securities on a normal (T+2) basis (ASX: |
| BWP) | |
| Wednesday, 6 August 2025 | Settlement of all on-market trades conducted on a deferred settlement |
| basis and first settlement of trades conducted on a normal (T+2) basis |
What do I need to do and by when?
Please refer to the Meeting Booklet and Replacement Prospectus.
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29 July 2025
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Need more information?
For further information, please call the Managing Director on +61 8 9327 4356.
Disclaimer
Please refer to the following disclaimer.
Issued by
ASX Compliance
Market Announcement 3/3
29 July 2025