The Court ordered the convening of scheme meetings for a dual share scheme and warrant scheme to effect the redomiciliation of Nova Minerals Ltd from Australia to the United States via a top-hat structure, with Nova Minerals Corp (a Nevada corporation) acquiring all outstanding shares and listed warrants. The Court confirmed that an opt-out sale facility model for small parcel holders and the treatment of ineligible foreign shareholders did not require separate classes, and that performance risk in a scrip-for-scrip scheme was adequately managed by making the transfer of securities conditional on the provision of scheme consideration together with deeds poll from the acquirer.
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