In the Matter of Readymix PLX and In the Matter of the Companies Acts 1963 - 2009 [2012] IEHC 170 (16 May 2012)
The scheme of arrangement meets all statutory and procedural requirements, provides adequate disclosure, and is reasonable for shareholders; objections are unsubstantiated and do not warrant refusal or modification of the scheme.
- Citation
- [2012] IEHC 170
- Parties
- Applicant: Readymix Plc; Objector: Tom Goode; Objector: Seamus Maye
- Jurisdiction
- Ireland
- Judgment Date
- 16 May 2012
- Procedural Posture
- Scheme of Arrangement Sanction Application / Final Judgment
- Outcome
- scheme sanctioned
- Legal Topics
- Scheme of Arrangement, Share Capital Reduction, Minority Shareholder Protection, Proxy Voting, Takeover Compliance
Case Brief
Summary, issues, holding and outcome
More case intelligence is available
Unlock the full research layer for this judgment.
Parties
Readymix Plc
Applicant
Tom Goode
Objector
Seamus Maye
Objector
Procedural Posture
Scheme of Arrangement Sanction Application / Final Judgment
Legal Issues
- 1 Whether the scheme of arrangement complies with statutory and court requirements
- 2 Whether sufficient information was provided to shareholders regarding payments to Cemex
- 3 Whether allegations of anticompetitive behaviour and below cost selling affect scheme approval
Ratio Decidendi
The scheme of arrangement meets all statutory and procedural requirements, provides adequate disclosure, and is reasonable for shareholders; objections are unsubstantiated and do not warrant refusal or modification of the scheme.
Court Disposition
scheme sanctioned
Orders
- Scheme of arrangement approved as proposed
- Reduction of share capital confirmed
Full Case Text
Judgment text and source record
Sign in to read
Sign in to read the full judgment text
Sign in to read the full judgment text. Downloads and additional research tools may depend on your plan.
Sign in to read the full judgment