RIGHTS AGREEMENT between POZEN INC. and STOCKTRANS, INC., as Rights Agent Dated January 12, 2005Rights Agreement • January 13th, 2005 • Pozen Inc /Nc • Pharmaceutical preparations • Delaware
WHEREAS, effective as of January 12, 2005 (the “Rights Dividend Declaration Date”) the Board of Directors of the Company (the “Board”) authorized and declared a dividend distribution of one Right for each share of Common Stock (as hereinafter defined) of the Company outstanding at the close of business on January 28, 2005 (the “Record Date”), and authorized the issuance of one Right (as such number may hereinafter be adjusted pursuant to the provisions of Section 11(i) or Section 11(p) hereof) for each share of Common Stock of the Company issued between the Record Date (whether originally issued or delivered from the Company’s treasury) and the earlier of the Distribution Date or the Expiration Date, each Right initially representing the right to purchase one one-thousandth (1/1000) of a share of Series A Junior Participating Preferred Stock of the Company having the rights, powers and preferences set forth in the form of Certificate of Designations attached hereto as Exhibit A, upon t
