In the matter of Intecq Limited [2016] NSWSC 1429

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Intecq Limited [2016] NSWSC 1429 Hearing dates: 22 September 2016 Decision date: 22 September 2016 Jurisdiction: Equity - Corporations List Before: Black J Decision: The Court orders pursuant to s 411 of the Corporations Act 2001 (Cth) that the Plaintiff convene a meeting of shareholders for the purposes of considering and, if it thought fit, agreeing to a proposed scheme of arrangement between the Plaintiff and its members, and makes ancillary orders. Catchwords: CORPORATIONS — Schemes of arrangement — Application under s 411 of the Corporations Act 2001 (Cth) for orders convening a meeting of members to consider and if it thought fit to agree to a proposed scheme of arrangement — where scheme of arrangement involved the plaintiff's shareholders transferring their shares to another company for cash consideration – where plaintiff proposed to provide notice of the scheme meeting by email to those shareholders who elected to receive notices by email – whether requirements to order scheme meeting are satisfied – whether electronic notification of the scheme meeting should be allowed. Legislation Cited: - Corporations Act 2001 (Cth), ss 249J, 411, 412, Pt 2G.2, Ch 6 - Corporations Regulations 2001 (Cth), Pt 3 Sch 8 - Supreme Court (Corporations) Rules 1999 (NSW), r 3.3 Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd [1993] HCA 15; (1993) 177 CLR 485 - FT Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re ACM Gold Ltd; Re Mt Leyshon Gold Mines Ltd (1992) 34 FCR 530 - Re Alinta Ltd (No 2) [2007] FCA 1378 - Re APN News & Media Ltd [2007] FCA 770; (2007) 62 ACSR 400 - Re Archaean Gold NL (1997) 23 ACSR 143 - Re AXA Asia Pacific Holdings Ltd [2011] VSC 4 - Re Brambles Industries Ltd [2006] FCA 1273; (2006) 59 ACSR 501 - Re Coles Group Ltd (No 2) [2007] VSC 523; (2007) 65 ACSR 494 - Re Consolidated Media Holdings Ltd [2012] FCA 1186 - Re Cytopia Ltd [2009] VSC 560 - Re David Jones Ltd [2014] FCA 530 - Re Investa Properties Ltd [2007] FCA 1104; (2007) 25 ACLC 1186 - Re Investa Properties Ltd [2007] FCA 1104; (2007) 25 ACLC 1186 - Re Marengo Mining Ltd (No 2) [2012] FCA 1498 - Re NRMA Insurance Ltd (No 1) [2000] NSWSC 82; (2000) 156 FLR 349 - Re Orion Telecommunications Ltd [2007] FCA 1389 - Re SFE Corporation Ltd [2006] FCA 670; (2006) 59 ACSR 82 - Re Sonodyne International Ltd (1994) 15 ACSR 494 - Re WebCentral Group Ltd [2006] FCA 937 Category: Principal judgment Parties: Intecq Limited (Plaintiff) Representation: Counsel: M Oakes SC (Plaintiff) R M Foreman (Tabcorp Gaming Holdings Pty Limited)