Centrebet International Limited, in the matter of Centrebet International Limited [2011] FCA 870

FEDERAL COURT OF AUSTRALIA

Centrebet International Limited, in the matter of Centrebet International Limited [2011] FCA 870 Citation: Centrebet International Limited, in the matter of Centrebet International Limited [2011] FCA 870

Parties: CENTREBET INTERNATIONAL LIMITED ACN 066 441 067

File number: NSD 1048 of 2011

Judge: EMMETT J

Date of judgment: 13 July 2011

Legislation: Corporations Act 2001 (Cth) s 411

Date of hearing: 13 July 2011

Place: Sydney

Division: GENERAL DIVISION

Category: No catchwords

Number of paragraphs: 30

Counsel for the plaintiff: M Oakes SC

Solicitor for the plaintiff: Clifford Chance

Counsel for Sbet Australia Pty Ltd: RM Foreman

Solicitor for Sbet Australia Pty Ltd: Addisons

IN THE FEDERAL COURT OF AUSTRALIA NEW SOUTH WALES DISTRICT REGISTRY GENERAL DIVISION NSD 1048 of 2011

IN THE MATTER OF CENTREBET INTERNATIONAL LIMITED ACN 066 441 067 CENTREBET INTERNATIONAL LIMITED ACN 066 441 067

JUDGE: EMMETT J DATE OF ORDER: 13 JULY 2011 WHERE MADE: SYDNEY

THE COURT ORDERS THAT:

1. Pursuant to s 411(1) of the Corporations Act 2001 (Cth) (the Act): (a) the Plaintiff, Centrebet International Limited (Centrebet) convene: (i) a meeting (Share Scheme Meeting) of the holders of shares in Centrebet (Shareholders) for the purpose of considering and, if thought fit, agreeing (with or without modification) to a scheme of arrangement to be made between Centrebet and its Shareholders (Share Scheme); and (ii) a meeting (Performance Right Scheme Meeting) of the holders of performance rights in Centrebet (Performance Rightholders) for the purpose of considering and, if thought fit, agreeing (with or without modification) to a scheme of arrangement to be made between Centrebet and its Performance Rightholders (Performance Right Scheme); (together, the Scheme Meetings), the Share Scheme and the Performance Right Scheme each being the schemes substantially in the form contained in the explanatory statement (Scheme Booklet) which is Exhibit 1 in the proceeding; (b) the Share Scheme Meeting be held at 10.00 am on Wednesday, 17 August 2011 at The Justice and Police Museum, corner of Albert and Phillip Streets, Circular Quay, Sydney, NSW; and (c) the Performance Right Scheme Meeting be held at the later of 10.30 am and the conclusion or adjournment of the Share Scheme Meeting, on Wednesday, 17 August 2011 at The Justice and Police Museum, corner of Albert and Phillip Streets, Circular Quay, Sydney, NSW. 2. Graham John Kelly, or failing him, Maxwell Christopher Donnelly, act as Chairperson of the Scheme Meetings. 3. The Chairperson appointed to the Scheme Meetings have power to adjourn the Scheme Meetings in his absolute discretion. 4. All voting at the Scheme Meetings be by poll as declared by the Chairperson, except for procedural motions. 5. Pursuant to subsection 411(1) of the Act, the Scheme Booklet be approved for distribution to Shareholders and Performance Rightholders. 6. Other than regulation 5.6.13 of the Corporations Regulations 2001, rule 2.15 of the Federal Court (Corporations) Rules 2000 (the Rules) shall not apply to the Scheme Meetings. 7. Notice of the hearing of an application pursuant to subsection 411(4)(b) of the Act for orders approving the Schemes be published by an advertisement substantially in the form of Annexure "A" to this order as shown to the Court, such advertisement to be published on or before 15 August 2011 in "The Australian" newspaper, and that Centrebet otherwise be exempted from compliance with rule 3.4 of the Rules. 8. The Originating Process filed on 28 June 2011 be adjourned to 9.30am on Monday, 22 August 2011. 9. Liberty to apply be granted on 2 days' notice. 10. These orders be entered forthwith. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules. The text of entered orders can be located using Federal Law Search on the Court's website.