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EQS-News: Adler Group S.A.: Update on Lock-Up Agreement and new money process following Restructuring Plan Convening Hearing

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Tuesday, February 28, 2023
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The issuer is solely responsible for the content of this announcement.

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  • The issuer is solely responsible for the content of this announcement.
  • 28.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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DIRTT Announces Adoption of Shareholder Rights Plan

Retrieved on: 
Tuesday, December 7, 2021
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CALGARY, Alberta, Dec. 07, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (DIRTT, the Company, we or us) (Nasdaq: DRTT, TSX: DRT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, today announced that its board of directors (the Board) has approved the adoption of a shareholder rights plan (the Rights Plan) pursuant to a shareholder rights plan agreement entered into with Computershare Trust Company of Canada, as Rights Agent, dated December 7, 2021 (the Effective Date).

Key Points: 
  • CALGARY, Alberta, Dec. 07, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (DIRTT, the Company, we or us) (Nasdaq: DRTT, TSX: DRT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, today announced that its board of directors (the Board) has approved the adoption of a shareholder rights plan (the Rights Plan) pursuant to a shareholder rights plan agreement entered into with Computershare Trust Company of Canada, as Rights Agent, dated December 7, 2021 (the Effective Date).
  • The Rights Plan is consistent with the shareholder rights plan that the Company had in place from 2014 to 2020 and is similar to shareholder rights plans adopted by other Canadian public companies.
  • Subject to the terms of the Rights Plan, the Rights issued under the Rights Plan become exercisable only if a person (the Acquiring Person), together with certain related persons (including persons acting jointly or in concert as defined in the Rights Plan), acquires or announces its intention to acquire 20% or more of the common shares without complying with the Permitted Bid provisions of the Rights Plan.
  • If the Rights Plan is not ratified by the Company's shareholders at the Meeting, the Rights Plan and all Rights issued thereunder will terminate and cease to be effective at that time.