In the matter of Nitro Software Limited [2023] NSWSC 13

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Nitro Software Limited [2023] NSWSC 13 Hearing dates: 20 December 2022 Date of orders: 20 December 2022 Decision date: 24 January 2023 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order convening scheme meeting and associated orders made. 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 249R, 411, 131 Cases Cited: - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Australian Securities Commissions v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - Re Abacus Funds Management Ltd (2006) 24 ACLC 211 - Re Adelaide Bank Ltd [2007] FCA 1582 - Re Afterpay Ltd [2021] NSWSC 1435 - Re APN News & Media Ltd (2007) 62 ACSR 400 - Re Ardent Leisure Ltd [2018] NSWSC 1665 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758 - Re Australian Leisure and Entertainment Property Management Ltd [2021] NSWSC 1421 - Re BIS Finance Pty Ltd [2017] NSWSC 1713 - Re Bolnisi Gold NL (No 2) (2007) 65 ACSR 510 - Re Cashcard Australia Ltd (2004) 48 ACSR 738 - Re Centrebet International Ltd [2011] FCA 870 - Re Coles Group Ltd (2007) 25 ACLC 1380 - Re CSR Ltd (2010) 183 FCR 358 - Re DUET Finance Ltd [2017] NSWSC 415 - 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 Healthscope Ltd (2019) 139 ACSR 608; - Re Hostworks Group Ltd (2008) 26 ACLC 137 - Re Huon Aquaculture Group Ltd [2021] FCA 1170 - Re iSelect Ltd [2022] FCA 1329 - Re Kidman Resources Ltd (2019) 139 ASCR 122; [2019] FCA 1226 - Re Kyckr Ltd [2022] NSWSC 1316 - Re Macquarie Private Capital A Limited (2008) 26 ACLC 366; [2008] NSWSC 323 - Re MyDeal.com.au Ltd [2022] NSWSC 1094 - Re Pendal Group Ltd (No 2) [2022] NSWSC 1648 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601 - Re rhipe Ltd [2021] NSWSC 1170 - Re SAI Global Ltd [2016] FCA 1312 - Re Signature Gold Ltd [2017] FCA 766 - Re Simativa Holdings Ltd [2013] FCA 1274 - Re SMS Management & Technology Ltd [2017] VSC 257 - Re Spark Infrastructure RE Ltd [2021] NSWSC 1564 - Re Sydney Airport Limited and The Trust Company (Sydney Airport) Limited as responsible entity for Sydney Airport Trust 1 [2022] NSWSC 25 - Re Tax Free Solutions Ltd [2018] FCA 977 - Re Veda Group Ltd [2015] FCA 1506 - Re Villa World Ltd (2019) 139 ACSR 550; [2019] NSWSC 1207 - Re Virtus Health Ltd [2022] NSWSC 597 - Re Vocus Group Ltd [2021] NSWSC 630 Category: Principal judgment Parties: Nitro Software Ltd (Plaintiff) Rocket BidCo Pty Limited (Bidder) Potentia Capital Management Pty Ltd (Intervening entity) Representation: Counsel: Mr D F C Thomas SC (Plaintiff) Mr N M Bender SC (Bidder, Rocket BidCo Pty Limited) Mr J Williams SC (Intervening entity, Potentia Capital Management Pty Ltd)