Dear Shareholder
We are pleased to advise that Brisbane Markets Limited (BML) and the industry representative organisation, Brismark, have reached an agreement and renegotiated the Transition Deed, which previously lapsed in June 2025. The new Transition Deed, executed yesterday, 18 March 2026, documents the process whereby, subject to relevant approvals by each of Brismark’s Members and BML’s shareholders and other conditions precedent, the four Industry Shares which are held by Brismark as a second class of shares, would be cancelled if BML was to list on the Australian Stock Exchange (ASX).
As previously advised, this would create one class of share in BML, which would in turn enable BML to apply to list on the ASX if that was the course determined by the BML Board at the time to be appropriate. It is important to note that the cancellation of the Industry Shares would only occur at the time of listing on ASX by BML. The rights of the Industry Shares remain in place until that time, and there is no guarantee that BML will in fact proceed with an ASX listing.
The new agreement includes the same range of benefits as per the earlier Deed, which BML would provide to Brismark as consideration for the cancellation of the four Industry Shares, including the issue of BML Ordinary Shares based on the valuation of the Industry Shares at the time the BML Board resolve to proceed with a listing (based on an agreed valuation formula), together with a contractual right to appoint two directors to the BML Board.
Over the coming months, BML and Brismark will each engage with their respective Shareholders and Members, providing full details of the terms of the arrangement and seeking the required shareholder and member approval of this arrangement.
If you have any queries, please contact us at shares@brisbanemarkets.com.au.
Anthony Kelly
Chair
Shareholders interested in buying or selling shares in BML, or who need any information in this regard, may register their interest by clicking here or to sell your shares, please click here.
For more information regarding this notice, please contact BML on (07) 3915 4200.