24 Sept 2008
DNZ FOUNDATION PROPERTY FUND LIMITED AND ORS HC AK CIV 2008-404-4680
- Citation
- openlaw-c55f01e4_20ad_42d7_ab20_d9437b3484cf.pdf
- Court
- High Court
The court approved the variation because it implemented the outcome investors were informed would occur (the 0.6971 exchange ratio post‑bonus), did not require further notice, was within the scope of the initial orders, satisfied the Re CM Banks/Weatherston test, trustees and the Takeovers Panel raised no objection, and requisite voting thresholds and special resolution requirements were met.