Business News • MarketWire • Tuckamore Capital Management Inc. Announces the Adoption of Shareholder Rights Plan |
Tuckamore Capital Management Inc. Announces the Adoption of Shareholder Rights Plan |
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Tuckamore Capital Management Inc. Announces the Adoption of Shareholder Rights Plan
TORONTO, ONTARIO--(Marketwired - Aug. 20, 2014) - Tuckamore Capital Management Inc. (TSX:TX)(TSX:TX.DB.B) ("Tuckamore" or the "Company") is pleased to announce that, as part of the Company's ongoing governance review, the board of directors of the Company has terminated the Company's existing Shareholder Rights Plan Agreement dated July 25, 2014 and has adopted a shareholder rights plan (the "Rights Plan"), effective August 20, 2014. The objective of the Rights Plan is to ensure, to the extent possible, that all shareholders of the Company are treated equally and fairly in connection with any initiative to acquire control of the Company. The Company believes that the Rights Plan preserves the fair treatment of shareholders, conforms to current best Canadian corporate governance practices and is responsive to the guidelines recommended by proxy advisory firms.
View More : http://www.marketwired.com/mw/release.do?id=1940281&sourceType=3
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