In the matter of Pendal Group Limited (No 2) [2022] NSWSC 1648

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Pendal Group Limited (No 2) [2022] NSWSC 1648 Hearing dates: 21 November 2022 Date of orders: 21 November 2022 Decision date: 05 December 2022 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made convening scheme meeting and approving the scheme booklet for distribution to shareholders. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Application under s 411 of the Corporations Act 2001 (Cth) for orders convening meeting of members to consider and, if thought fit, to agree to proposed scheme of arrangement – Whether requirements to order scheme meeting are satisfied. Legislation Cited: - Corporations Act 2001 (Cth), ss 110D-110E, 411 Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485; [1993] HCA 15 - FT Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re 3Q Holdings Ltd [2022] FCA 1259 - Re Abacus Funds Management Ltd (2006) 24 ACLC 211; [2005] NSWSC 1309 - Re Adelaide Bank Ltd [2007] FCA 1582 - Re APN News & Media Ltd (2007) 62 ACSR 400; [2007] FCA 770 - Re Ardent Leisure Ltd [2018] NSWSC 1665 - Re Atlas Iron Ltd (2016) 112 ACSR 554; [2016] FCA 366 - Re Aveo Group Ltd and Aveo Funds Management Ltd [2019] NSWSC 1348 - Re Boart Longyear Ltd (2017) 121 ACSR 328; [2017] NSWSC 567 - Re Bolnisi Gold NL (No 2) (2007) 65 ACSR 510; [2007] FCA 2078 - Re Cashcard Australia Ltd (2004) 48 ACSR 738; [2004] FCA 223 - Re Centrebet International Ltd [2011] FCA 870 - Re Centro Retail Ltd [2011] NSWSC 1320 - Re CSR Ltd (2010) 183 FCR 358; [2010] FCAFC 34 - Re DUET Finance Ltd [2017] NSWSC 415 - Re DUET Management Company I Ltd [2013] NSWSC 817 - Re DWS Ltd [2020] FCA 1590 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re GBST Holdings Ltd [2019] NSWSC 1280 - Re Hills Motorway Ltd (2002) 43 ACSR 101; [2002] NSWSC 897 - Re Huon Aquaculture Group Ltd [2021] FCA 1170 - Re Kidman Resources Ltd [2019] FCA 1226 - Re Mydeal.com.au [2022] NSWSC 1094 - Re Pendal Group Ltd [2022] NSWSC 1575 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 1177 - Re PM Capital Asian Opportunities Fund Ltd [2021] FCA 1380 - Re rhipe Ltd [2021] NSWSC 1170 - Re Signature Gold Ltd [2017] FCA 766 - Re Simavita Holdings Ltd [2013] FCA 1274 - Re Skilled Group Ltd (No 1) (2015) 113 ACSR 525; [2015] VSC 789 - Re Staging Connections Group Ltd [2015] FCA 1012 - Re Tassal Group Ltd [2022] NSWSC 1414 - Re TPG Telecom Ltd [2020] NSWSC 772 - Re Trust Co (Re Services) Ltd as responsible entity of VitalHarvest Freehold Trust [2021] NSWSC 108 - Re Villa World Ltd [2019] NSWSC 1207 - Re Walsh & Company Investments Ltd [2020] NSWSC 1746 Category: Principal judgment Parties: Pendal Group Limited (Plaintiff) Representation: Counsel: J Williams SC/H Atkin (Plaintiff) R Jameson (Bidder)