Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Stratford Sun Limited v OM Holdings Limited; In the Matter of OM Holdings Limited (No 5) [2011] FCA 1275 Citation: Stratford Sun Limited v OM Holdings Limited; In the Matter of OM Holdings Limited (No 5) [2011] FCA 1275
Parties: STRATFORD SUN LIMITED v OM HOLDINGS LIMITED (ARBN 081 028 337); IN THE MATTER OF OM HOLDINGS LIMITED (ARBN 081 028 337)
File number: NSD 483 of 2011
Judge: FOSTER J
Date of judgment: 10 November 2011
Corrigendum: 11 April 2012
Catchwords: CORPORATIONS – whether a public listed corporation listed on the ASX contravened ASX Listing Rules 7.3.4, 7.3.6 and 7.3.8 and engaged in misleading and deceptive conduct in contravention of s 1041H(1) of the Corporations Act 2001 (Cth) by circulating to its shareholders a Notice of Meeting and accompanying Explanatory Statement which failed to provide sufficient or adequate information to those shareholders in order to enable them to make a sensible and rational judgment about a resolution to be proposed at the upcoming Annual General Meeting for the issue of 345 million new fully paid ordinary shares in the corporation
Legislation: Corporations Act 2001 (Cth), ss 9, 761A, 764A, 793C, 795B, 1041H and 1101B Evidence Act 1995 (Cth), s 76(1), s 79(1) Federal Court of Australia Act 1976 (Cth), s 50
Cases cited: Stratford Sun Limited v OM Holdings Limited; In the Matter of OM Holdings Limited (2011) 83 ACSR 84 related Stratford Sun Limited v OM Holdings Limited; In the Matter of OM Holdings Limited (No 3) [2011] FCA 513 related Alan Davis Group Pty Ltd v Rivkin Financial Services Ltd (2005) 216 ALR 766; (2005) 53 ACSR 610 cited Bateman v Newhaven Park Stud Ltd (2004) 49 ACSR 454 cited Chequepoint Securities Ltd v Claremont Petroleum NL (1986) 11 ACLR 94 cited Dasreef Pty Ltd v Hawchar (2011) 277 ALR 611 applied ENT Pty Ltd v Sunraysia Television Ltd (2007) 61 ACSR 626 followed Fraser v NRMA Holdings Ltd (1995) 55 FCR 452 followed La Trobe Capital & Mortgage Corporation Ltd v Hay Property Consultants Pty Ltd (2011) 190 FCR 299 distinguished Makita (Australia) Pty Ltd v Sprowles (2001) 52 NSWLR 705 cited Residues Treatment and Trading Co Ltd v Southern Resources Ltd; sub nom Southern Resources Ltd v Residues Treatment and Trading Co Ltd (1988) 14 ACLR 375 cited Westchester Financial Services Pty Ltd v Acclaim Exploration NL (1999) 32 ACSR 499 cited
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