26 Jul 2019
Re PGG WRIGHTSON LTD [2019] NZHC 1780 .
- Citation
- [2019] NZHC 1780
- Court
- High Court
The Court sanctioned the scheme under s 236(1) because statutory and procedural requirements were satisfied, the proposal was fairly presented to a single class of shareholders, the Special Meeting recorded overwhelming approval (99.95%), shareholders were treated equally, no creditor or third‑party detriment was shown, and no opposition was filed.