Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Laserbond Limited (ACN 057 636 692), in the matter of Laserbond Limited (ACN 057 636 692) [2007] FCA 2056
CORPORATIONS – application for listing to ASX lodged 1 day late – administrative error only – analysis of appropriate relief and considerations relevant to exercise of discretion if relief is to be granted – turns on own facts Corporations Act 2001 (Cth) ss 254E, 723(3), 723(3)(b), 724(1)(b), 724(1)(b)(ii), 724(2), 1322(4)(a)
Re Golden Gate Petroleum Ltd (2004) 50 ACSR 659 Howard v Mechtler (1999) 30 ACSR 434 Re Insurance Australia Group Ltd (2003) 21 ACLC 1,107 NRMA Ltd v Gould (1995) 18 ACSR 290 Re NuSep Ltd [2007] FCA 613 Re Onslow Salt Pty Ltd (2003) 198 ALR 344 Re Wave Capital Ltd (2003) 21 ACLC 1,995 IN THE MATTER LASERBOND LIMITED (ACN 057 636 692) LASERBOND LIMITED (ACN 057 636 692) WAD 247 OF 2007
MCKERRACHER J
19 DECEMBER 2007 (REASONS PUBLISHED)
PERTH IN THE FEDERAL COURT OF AUSTRALIA
WESTERN AUSTRALIA DISTRICT REGISTRY WAD 247 OF 2007
IN THE MATTER LASERBOND LIMITED (ACN 057 636 692) LASERBOND LIMITED
(ACN 057 636 692)
Applicant
JUDGE: MCKERRACHER J DATE OF ORDER: 12 DECEMBER 2007
WHERE MADE: PERTH
THE COURT ORDERS THAT:
1. The period set out in sub-sections 723(3)(b) and 724(1)(b)(ii) of the Corporations Act for the admission to quotation by the ASX Limited ("ASX") of securities issued pursuant to the Prospectus dated 3 September 2007 (the "Prospectus") be extended to 5 business days after the making of this order. 2. Subject to the Applicant's securities being admitted to quotation by the ASX within 5 business days after the making of this order: (a) Pursuant to section 254E of the Corporations Act, the issue of shares by the Applicant pursuant to the Prospectus is hereby validated and confirmed. (b) Pursuant to section 1322(4)(a) of the Corporations Act, the issue of options by the Applicant pursuant to the Prospectus is not invalid by reason of any contravention of section 723 or section 724 of the Corporations Act. 3. The Applicant do forthwith lodge a copy of these orders with the Australian Securities & Investments Commission. 4. Upon the Applicant becoming listed on the ASX, the Applicant do make an announcement to the ASX disclosing the terms of these orders. 5. The Applicant and all other interested or affected parties have liberty to apply to vary these orders upon first giving 24 hours prior written notice. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules. IN THE FEDERAL COURT OF AUSTRALIA
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate