Regional Publishers Pty Limited v Elkington [2006] FCA 1017

FEDERAL COURT OF AUSTRALIA

Regional Publishers Pty Limited v Elkington [2006] FCA 1017

CORPORATIONS –compulsory acquisition of shares – shareholder objection to acquisition – application for Court approval of compulsory acquisition - whether applicant has satisfied provisions of Part 6A.2 of the Corporations Act 2001 (Cth) – whether the nomination of a company is the nomination of an individual – whether fair value given for preference shares Acts Interpretation Act 1901 (Cth) ss 22, 23 Corporations Act 2001 (Cth) ss 9, 664A, 664AA, 664C, 664E, 664F, 667A, 667AA, 667C, 761, 764, 764A, 766A, 766B, 991A, 1322 Spencer v The Commonwealth (1907) 5 CLR 418- referred to Teh v Ramsay Centauri Pty Ltd [2002] NSWSC 456- referred to Winpar Holdings Ltd v Austrim Nylex Ltd [2005] VSCA 211- referred to REGIONAL PUBLISHERS PTY LIMITED ABN 20 000 014 700 v GORDON BRADLEY ELKINGTON AND ANOR NSD 982 OF 2006

EMMETT J

11 AUGUST 2006

SYDNEY IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY NSD 982 OF 2006

BETWEEN: REGIONAL PUBLISHERS PTY LIMITED

ABN 20 000 014 700

Plaintiff

AND: GORDON BRADLEY ELKINGTON

First Defendant

GEPPS PTY LTD

Second Defendant

JUDGE: EMMETT J

DATE OF ORDER: 11 AUGUST 2006

WHERE MADE: SYDNEY

THE COURT:

1. Approves the acquisition by the plaintiff of all the cumulative preference shares in the capital of Harris and Company Pty Limited ACN 009 475 736 on the terms set out in the compulsory acquisition notice dated 20 March 2006. 2. Orders the plaintiff pay the costs of the first and second defendants. 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 NSD 982 OF 2006

BETWEEN: REGIONAL PUBLISHERS PTY LIMITED