Mainstream Group Holdings Limited, in the matter of Mainstream Group Holdings Limited (Scheme Approval) [2021] FCA 1271

Federal Court of Australia

Mainstream Group Holdings Limited, in the matter of Mainstream Group Holdings Limited (Scheme Approval) [2021] FCA 1271 File number: NSD 271 of 2021

Judgment of: PERRAM J

Date of judgment: 15 October 2021

Date of publication of reasons: 19 October 2021

Catchwords: CORPORATIONS – members' scheme of arrangement – second court hearing – application under Corporations Act 2001 (Cth) s 411 for orders approving scheme

Legislation: Corporations Act 2001 (Cth) s 411

Cases cited: Mainstream Group Holdings Limited, in the matter of Mainstream Group Holdings Limited (First Scheme Hearing) [2021] FCA 948 Mainstream Group Holdings Limited, in the matter of Mainstream Group Holdings Limited (Scheme Meeting Orders) [2021] FCA 1163

Division: General Division

Registry: New South Wales

National Practice Area: Commercial and Corporations

Sub-area: Corporations and Corporate Insolvency

Number of paragraphs: 6

Date of hearing: 15 October 2021

Counsel for the Plaintiff: Dr R P Austin with Mr B J May

Solicitor for the Plaintiff: Maddocks Lawyers

Counsel for Interested Parties: Mr J Williams SC

ORDERS NSD 271 of 2021 IN THE MATTER OF MAINSTREAM GROUP HOLDINGS LIMITED MAINSTREAM GROUP HOLDINGS LIMITED Plaintiff

order made by: PERRAM J DATE OF ORDER: 15 OCtober 2021

THE COURT ORDERS THAT:

1. Pursuant to sections 411(4)(b) and 411(6) of the Corporations Act 2001 (Cth) (Act), the Scheme of Arrangement between the Plaintiff and its shareholders, the terms of which are set out in the document that is Annexure A to these Orders, be approved. 2. The Plaintiff lodge with the Australian Securities and Investments Commission a copy of the approved Scheme of Arrangement referred to in Order 1 above at the time of lodging an office copy of these Orders under section 411(10) of the Act. 3. Pursuant to section 411(12) of the Act, the Plaintiff be exempted from compliance with section 411(11) of the Act in relation to Order 1 above. 4. Pursuant to rule 39.34 of the Federal Court Rules 2011 (Cth), these orders be entered forthwith. Note: Entry of orders is dealt with in Rule 39.32 of the Federal Court Rules 2011.