In the matter of Altium Limited [2024] NSWSC 736

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Altium Limited [2024] NSWSC 736 Hearing dates: 5 June 2024 Date of orders: 5 June 2024 Decision date: 18 June 2024 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 110D-110E, 411, 1319 - Supreme Court (Corporations) Rules 1999 (NSW) Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758; [2001] NSWSC 40 - Re Blackmores Ltd [2023] FCA 624 - Re Cashcard Australia Ltd (2004) 48 ACSR 738; [2004] FCA 223 - Re CSR Ltd (2010) 183 FCR 358; [2010] FCAFC 34 - Re Damstra Holdings Ltd [2024] NSWSC 284 - Re ELMO Software Pty Ltd [2023] NSWSC 12 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re Hills Motorway Ltd (2002) 43 ACSR 101; [2002] NSWSC 897 - Re InvoCare Ltd [2023] NSWSC 1180 - Re Isentia Group Ltd [2021] NSWSC 910 - Re Nzuri Copper Ltd (No 4) [2020] WASC 10 - Re Origin Energy Ltd [2023] NSWSC 1246 - Re ResApp Health Ltd [2022] NSWSC 135 - Re Sirtex Medical Ltd [2018] FCA 1315 - Re Trust Co (Re Services) Ltd as responsible entity of VitalHarvest Freehold Trust [2021] NSWSC 108 - Re Tatts Group Ltd [2017] VSC 552 - Re TPG Telecom Ltd [2020] NSWSC 772 - Re Villa World Ltd [2019] NSWSC 1207 Category: Principal judgment Parties: Altium Limited (Plaintiff) Representation: Counsel: J Williams SC/J E Taylor (Plaintiff) I Ahmed SC (Bidder)