Re Ophir Energy plc

Company – Scheme of arrangement. Applying the relevant tests as set out in Re TDG plc[2009] 1 BCLC 445 , there was no reason to refuse to sanction the scheme of arrangement, pursuant to Pt 26 of the Companies Act 2006, to enable Medico Energi Global PTE to acquire the entire issued and to be issued ordinary share capital of Ophir Energy plc (the company). Accordingly, the Companies Court sanctioned the scheme, taking the view that it could not place any weight on the points raised by one of the company's larger institutional shareholders and was not persuaded by those points to withhold its sanction for the scheme.

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