Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
News Corporation Ltd [2004] FCA 1480
CORPORATIONS – schemes of arrangement – schemes intended to facilitate reorganisation of company – shareholders and option holders in company to receive shares and options in US company in exchange for existing rights – schemes approved at members' meetings – schemes approved Corporations Act 2001 (Cth) Part 5.1, s 411(17) US Securities Act s 3(a)(10) NEWS CORPORATION LTD N 1311 OF 2004 HELY J 3 NOVEMBER 2004 SYDNEY
IN THE FEDERAL COURT OF AUSTRALIA
NEW SOUTH WALES DISTRICT REGISTRY N 1311 OF 2004
BETWEEN: NEWS CORPORATION LTD
PLAINTIFF
JUDGE: HELY J
DATE OF ORDER: 3 NOVEMBER 2004
WHERE MADE: SYDNEY
THE COURT ORDERS THAT: 1. Pursuant to section 411(4) of the Corporations Act: (a) the Scheme of Arrangement between the plaintiff and its members (the Share Scheme); and (b) the Scheme of Arrangement between the plaintiff and its option holders (the Option Scheme); as set out in the Information Memorandum that is Exhibit JC1 to the affidavit of Jonathan Cary sworn on 2 November 2004, subject to the definition of Implementation Date in each scheme being amended to read: 'Implementation Date means 2 Business Days after the Record Date' be approved. 2. Pursuant to section 411(12) of the Corporations Act, the Plaintiff be exempt from compliance with section 411(11) of the Corporations Act in relation to the Share Scheme and Option Scheme. 3. These orders be entered forthwith. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.
IN THE FEDERAL COURT OF AUSTRALIA
NEW SOUTH WALES DISTRICT REGISTRY N 1311 OF 2004
BETWEEN: NEWS CORPORATION LTD
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