Re Ozgrowth Ltd

This case involved two applications under s 411 of the Corporations Act 2001 (Cth) for leave to convene a meeting of shareholders of Ozgrowth Limited and Westoz Investment Company Limited. The applicants sought to convene the meetings to consider a proposed scheme of arrangement for the acquisition of all the issued shares of each company by WAM Capital Limited. Hill J considered whether the requirements to order a scheme meeting were satisfied and if the proposed scheme was fair and reasonable. Hill J found that all the requirements had been satisfied and that the proposed scheme was fair and reasonable and should be approved by the court. Hill J ordered that a meeting of the shareholders of Ozgrowth and Westoz be convened to consider and vote on the proposed scheme.