South Africa Case Law

Justpoint Nominees (Pty) Ltd and Others v Sovereign Food Investments Limited and Others (BNS Nominees (Pty) Ltd and Others (878/16)

Justpoint Nominees (Pty) Ltd and Others v Sovereign Food Investments Limited and Others (BNS Nominees (Pty) Ltd and Others (878/16) [2016] ZAECPEHC 15 (26 April 2016)

Court

Eastern Cape High Court, Port Elizabeth

Case number

878/16

Judge

I.T. Stretch

The court held that Sovereign’s appraisal-right condition precedent was not fulfilled or waived, so the scheme never became operative and dissenting shareholders remained entitled to vote.

• Companies Act 71 Of 2008
• Appraisal Rights
• Shareholder Meetings
• Oppressive Conduct
• Section 65 Clarity
• Minority Shareholder Protection