In the matter of Webster Limited [2019] NSWSC 1907

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Webster Limited [2019] NSWSC 1907 Hearing dates: 12 December 2019 Date of orders: 12 December 2019 Decision date: 30 December 2019 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders convening scheme meetings of ordinary and preference shareholders and ancillary 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 meetings of holders of ordinary and preference shares to consider and, if thought fit, approve proposed schemes of arrangement – whether requirements to order scheme meetings are satisfied. Legislation Cited: - Corporations Act 2001 (Cth) Pt 5.1; ss 411, 1319 Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - First Pacific Advisors LLC v Boart Longyear Limited [2017] NSWCA 116 - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Adelaide Bank Limited [2007] FCA 1582 - Re APN News & Media Ltd (2007) 62 ACSR 400 - Re Ardent Leisure Ltd [2018] NSWSC 1665 - Re Aston Resources Ltd [2012] FCA 229 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758 - Re Bellamy's Australia Limited [2019] NSWSC 1671 - Re BIS Finance Pty Ltd [2017] NSWSC 1713 - Re Bolnisi Gold NL (No 2) (2007) 65 ACSR 510 - Re Brambles Industries Ltd (2006) 59 ACSR 501 - Re Coles Group Limited (2007) 25 ACLC 1380 - Re CSG Limited [2019] NSWSC 1905 - Re CSR Ltd [2012] FCAFC 34; (2010) 183 FCR 358 - Re David Jones Ltd (No 2) (2014) 101 ACSR 381 - Re DUET Finance Ltd [2017] NSWSC 415 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Foundation Healthcare Ltd [2002] FCA 742; (2002) 42 ACSR 252 - Re GBST Holdings Limited [2019] NSWSC 1280 - Re Healthscope Limited [2019] FCA 542 - Re Hostworks Group Ltd (2008) 26 ACLC 137\ - Re Investa Listed Funds Management Ltd as responsible entity for the Armstrong Jones Office Fund and the Prime Credit Property Trust [2018] NSWSC 1766 - Re iSOFT Group Limited [2011] FCA 680 - Re Kangaroo Resources Ltd [2018] WASC 327 - Re Kidman Resources Ltd [2019] FCA 1226 - Re Lehman Brothers International (Europe) [2018] EHWC 1980 (Ch) - Re Macquarie Capital Alliance Ltd (2008) 67 ACSR 484 - Re Macquarie Private Capital A Limited [2008] NSWSC 323; (2008) 26 ACLC 366 - Re MOD Resources Ltd [2019] WASC 326 - Re NRMA Limited (2000) 33 ACSR 595 - Re Nzuri Copper Ltd [2019] WASC 189 - Re Opes Prime Stockbroking Limited [2009] FCA 813 - Re SAB Miller plc [2016] EWHC 2153 (Ch) - Re SFE Corporation Ltd (2006) 59 ACSR 82 - Re Simavita Holdings Limited [2013] FCA 1274 - Re Skilled Group Ltd (No 1) (2015) 113 ACSR 525 - Re SMS Management & Technology Ltd [2017] VSC 257 - Re URB Investments Ltd [2019] FCA 1977 - Re Villa World Ltd [2019] NSWSC 1207 - Sovereign Life Assurance Co v Dodd [1892] 2 QB 573 Category: Principal judgment Parties: Webster Limited (Plaintiff) Representation: Counsel: S Goodman SC/J Williams (Plaintiff) I M Jackman SC (Interested Party)