OneVue Holdings Limited, in the matter of OneVue Holdings Limited

OneVue Holdings Limited applied to the Federal Court for orders allowing it to convene a meeting of its shareholders to consider a proposed scheme of arrangement and to send an explanatory statement to its shareholders. The application was heard by Sackville J. The primary legal issue before the court was whether OneVue could convene a meeting of its shareholders and provide notice and an explanatory statement electronically, and whether the meeting could be held virtually. The court considered the legal requirements under the Corporations Act 2001 (Cth) and whether OneVue had met these requirements. Sackville J found that the proposed scheme of arrangement met the statutory requirements, and that the proposed method of notifying shareholders and holding the meeting virtually was appropriate. The court was satisfied that OneVue had fulfilled all necessary legal obligations and that the scheme was properly proposed. The court made orders allowing OneVue to convene the meeting of shareholders and to send the explanatory statement electronically. The meeting was to be held virtually, and the court allowed the use of online platforms for shareholders to lodge their proxies and voting instructions.