Federal Court of Australia
Federal Court of Australia
Essential Metals Limited, in the matter of Essential Metals Limited [2023] FCA 1101 File number: WAD 212 of 2023
Judgment of: JACKSON J
Date of judgment: 14 September 2023
Date of publication of reasons: 18 September 2023
Catchwords: CORPORATIONS - scheme of arrangement - first hearing to convene meeting of members pursuant to s 411(1) of the Corporations Act 2001 (Cth) - proposal for acquisition of shares - consideration of prerequisites and relevant matters - independent expert concluded proposal not fair but reasonable - capital raising - exclusivity provisions - directors' options - voting intention statement - shareholder communications - orders made to convene meeting
Legislation: Corporations Act 2001 (Cth) ss 9, 314, 317, 411, 412, 413, 1319, Chapter 6 Federal Court (Corporations) Rules 2000 (Cth) rr 3.2, 3.4 Corporations Regulations 2001 (Cth) reg 5.1.01, Part 3, Schedule 8
Cases cited: Australian Securities Commission v Marlborough Gold Mines Limited (1993) 177 CLR 485 Re AIRR Holdings Ltd [2019] FCA 2180 Re APN News & Media Limited [2007] FCA 770 Re Asaleo Care Limited [2021] FCA 406 Re Australia and New Zealand Banking Group Ltd [2022] FCA 1378 Re Beadell Resources Ltd [2018] WASC 410 Re Blackgold International Holdings Limited [2017] FCA 601 Re Carbon Revolution Limited [2023] FCA 1081 Re Creso Pharma Limited [2019] WASC 472 Re CSR Ltd [2010] FCAFC 34; (2010) 183 FCR 358 Re Essential Metals Ltd [2023] FCA 240 Re Excelsior Gold Limited [2018] FCA 2064 Re Firefly Resources Ltd [2021] WASC 376 Re Foundation Healthcare Limited [2002] FCA 742 Re Kangaroo Resources Ltd [2018] WASC 327 Re Link Administration Holdings Limited [2022] NSWSC 650 Re NRMA Insurance Ltd [2000] NSWSC 82 Re NTM Gold Ltd [2021] WASC 22 Re Permanent Trustee Company [2002] NSWSC 1177 Re Rusina Mining NL [2010] FCA 517 Re Tawana Resources NL [2018] FCA 1456 Re Tesserent Limited [2023] FCA 969 Re ThinkSmart Limited [2022] FCA 1314 Re Vimy Resources Ltd [2022] WASC 233 Re Vita Group Ltd [2023] FCA 400 Re Xplore Wealth Limited [2020] FCA 1868 Re Wesfarmers Ltd [2018] WASC 308
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