Examples of New Rights Plan in a sentence
In addition, if the Company implements a new rights plan (“New Rights Plan”), the Company will provide under such New Rights Plan that the Holders of the Securities will receive, in addition to the Common Stock, the rights under the New Rights Plan (whether or not the rights under the New Rights Plan have separated from the Common Stock at the time of conversion), subject to any limitations set forth in the New Rights Plan.
In the event that the Company implements any new stockholders' rights plan, as amended, supplemented or modified from time to time (a "New Rights Plan"), such New Rights Plan shall provide that upon conversion of the Notes the holders will receive, in addition to the Common Stock issuable upon such conversion, the rights (whether or not such rights have separated from Common Stock at the time of the conversion) issuable pursuant to the New Rights Plan.
Under the New Rights Plan, take-over bids which meet certain requirements intended to protect the interests of all shareholders continue to be exempted from the dilutive aspects of the plan and are deemed to be “Permitted Bids”.
Shareholder Approval For the New Rights Plan to continue in effect following the Meeting, the resolution below must be approved by a majority of the votes cast by the holders of common shares who vote in respect thereof at the Meeting.
Legible copies of the revised master concept plan must be provided in two sizes, 24 inches by 36 inches, and 11 inches by 17 inches in size.
The following is a summary of the principal terms of the New Rights Plan which is qualified in its entirety by reference to the text of the New Rights Plan Agreement.
The New Rights Plan provides a shareholder tender approval mechanism which is intended to ensure that a shareholder can separate the decision to tender from the approval or disapproval of a particular take-over bid.
If the shareholders do not confirm the New Rights Plan at the next meeting of shareholders, the New Rights Plan will terminate and cease to be effective at that time.
Share capital (continued) Although the New Rights Plan took effect immediately, the Company will submit the New Rights Plan for confirmation at the next meeting of shareholders; and the New Rights Plan will expire at the third annual meeting of shareholders thereafter.
Term If the New Rights Plan is ratified at the Meeting, the New Rights Plan will expire at the close of the third annual meeting of shareholders of the Corporation occurring after the Meeting.