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The Board of Directors of NexGen Energy Ltd. (TSXV:NXE) has adopted a shareholder rights plan effective April 22, 2014. The Shareholder Rights Plan is set to ensure that shareholders of the Company and the Board have adequate time to consider and evaluate any unsolicited bid for the common shares of the Company.
As quoted in the press release:
The Shareholder Rights Plan is similar to plans adopted by other Canadian companies, and is being adopted to ensure that, to the extent possible: the shareholders of the Company and the Board have adequate time to consider and evaluate any unsolicited bid for the common shares of the Company (the “Common Shares”); the Board has adequate time to identify, develop and negotiate value-enhancing alternatives, if considered appropriate, to any such unsolicited bid; the Company’s shareholders are treated fairly in connection with any take-over bid made for the Common Shares; and the Board can take steps to enhance shareholder value if an unsolicited bid is received. The Shareholder Rights Plan is not being proposed in response to, or in anticipation of, any pending unsolicited bid to acquire control of the Company.
Click here to read the NexGen Energy Ltd. (TSXV:NXE) press release
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