Record the September 2025 Brickworks and Soul Patts merger so your replacement SOL shares and carried-forward cost base are reflected in Navexa.
What Changed
Brickworks (BKW) and Washington H. Soul Pattinson (SOL) combined under a new holding company, which now trades as SOL.
Brickworks shareholders received 0.82 new SOL shares for each BKW share.
Original SOL shareholders received one new SOL share for each original SOL share.
Customers holding both received both entitlements in the new SOL company.
Key Dates
Use the implementation date when recording the Brickworks merger in Navexa.
15 September 2025: the schemes became legally effective. Original BKW and SOL shares stopped trading after market close.
17 September 2025, 7 pm AEST: the scheme record date determined shareholder entitlements.
23 September 2025: the merger was implemented.
24 September 2025: the new company began normal settlement trading as SOL, following temporary SOLDA trading.
Before You Start
The steps below cover customers who received replacement shares and apply eligible scrip-for-scrip rollover treatment.
Have your registry statement, original transaction history and confirmed merger valuation available. Cost base means the amount allocated to an investment for Capital Gains Tax (CGT) calculations.
Check whether the merger is already recorded. Do not add it twice.
Check your original Brickworks quantity and history against your records.
Use the exact replacement share quantity credited by the registry, including any rounding.
If you already imported replacement SOL shares as a separate purchase, resolve that duplicate entry before adding the merger.
If You Held Brickworks
Record the Brickworks exchange from your existing Brickworks holding. Navexa currently identifies the delisted Brickworks security as BKWKOA.
Open Portfolio and select your Brickworks holding.
Select Actions, then Add Merger.
Choose Merger.
Search for SOL and select Washington H. Soul Pattinson and Company Limited on the ASX.
Select Next.
Set Implementation Date to 23 September 2025.
Keep the offer type as Scrip for Scrip.
In How many SOL shares did you receive?, enter the exact SOL quantity received for your Brickworks shares. For example, 1,000 BKW shares became 820 SOL shares. The scheme ratio was 0.82 per original share.
Check What is the market price for BKWKOA? and enter the confirmed per-share valuation for the original Brickworks holding. This is a market valuation, not your original purchase price or carried-forward tax cost base.
Check the date, destination, quantity and price, then select Confirm.
Check the generated Merge Cancel and Merge Buy quantities and date, then select Done.
The market-price field may prefill AUD $4.33. Do not treat that default as a verified merger valuation. BKW was suspended on the implementation date; confirm the appropriate valuation from your merger documentation or tax adviser before confirming.
If You Already Held SOL
If your SOL holding already contains the original transaction history and correct quantity, retain that holding. Do not create a second purchase to represent the one-for-one exchange.
Navexa does not accept a SOL-to-SOL merger in Add Merger. The tool displays “Instrument code cannot be the same as the current holding”. Keeping your existing holding does not replace the need to establish the correct tax treatment of the legal share exchange.
If You Held Both
Apply the Brickworks steps to the Brickworks holding. Navexa adds the replacement shares to your existing SOL holding in the same portfolio.
For example, 1,000 BKW shares and 500 existing SOL shares result in 1,320 SOL shares, before subsequent trades. Enter 820 as the Brickworks replacement quantity, not 1,320.
Check Your Result
After recording the merger, check the Brickworks and SOL holdings.
The exchanged Brickworks shares should be cancelled.
SOL should include the replacement shares plus any existing SOL quantity.
The SOL Trades tab should show the replacement Merge Buy dated 23 September 2025.
For rollover treatment, check Tax Cost Base against the carried-forward original cost bases. The displayed merger transaction value can differ from the tax cost base.
ATO Rollover Treatment
The ATO issued Class Ruling CR 2025/72 for Brickworks and Class Ruling CR 2025/71 for original SOL shareholders on 8 October 2025.
Eligible shareholders who made a capital gain can choose scrip-for-scrip rollover. Where it applies, the relevant cost base carries forward and original acquisition dates apply for CGT discount purposes. Rollover does not disregard capital losses.
If you do not choose rollover, cannot use it, or received cash through a foreign shareholder sale facility, establish the correct treatment before using these steps. Retain your original acquisition records and confirm your tax reporting with your tax adviser.
Remember, this is general information, not personal financial advice.