NioCorp Developments Ltd. adopted a limited-duration shareholder rights plan to protect and maximize value for shareholders.
The plan aims to treat all shareholders equally and fairly in case of unsolicited takeover bids.
One right will be issued for each outstanding common share, with specific conditions for exercisability.
Purpose of Plan Adoption
To ensure fair treatment of shareholders and provide response time to takeover attempts.
Features of the Plan
Rights issued per common share, conditions for exercisability, and impact on trading explained.
Permitted Bid Definition
Explains the criteria for a takeover bid to be considered a Permitted Bid under the Plan.
- The plan aims to deter unsolicited takeover bids and protect shareholder value.
- By issuing one right per common share, NioCorp seeks to maintain control premiums and value for shareholders.
NioCorp's adoption of the Limited-Duration Shareholder Rights Plan demonstrates a proactive approach to safeguarding shareholder interests and company value.