While the Rights Plan is effective as of the Effective Date, it is subject to ratification and approval by Definity's shareholders within six months of the Effective Date. The Board is recommending the ratification and approval of the Rights Plan at Definity's annual and special meeting of shareholders on
A summary of the principal terms of the Rights Plan is included in the management information circular being sent to shareholders in connection with the Meeting and a complete copy of the Rights Plan is available under Definity's profile on SEDAR+ at www.sedarplus.ca. If the Rights Plan is not ratified and approved by shareholders within six months of its adoption, it, together with the outstanding rights, will terminate and cease to be effective.
This news release contains forward-looking information within the meaning of applicable securities laws, including, without limitation, statements related to obtaining shareholder approval for the ratification and confirmation of the Rights Plan and the protections afforded by the Rights Plan. The words "may", "will", "would", "should", "could", "expects", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "predicts", "likely", "potential" or the negative or other variations of these words or other similar or comparable words or phrases, are intended to identify forward-looking statements. This information reflects Definity's current expectations regarding future events, including that Definity will obtain shareholder approval for the ratification of the Rights Plan. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Definity's control, including that there are no significant legal developments adversely impacting shareholder rights plans generally. Such risks and uncertainties are included in the "Cautionary Note Regarding Forward-looking Information" section of Definity's Q4-2023 Management's Discussion and Analysis dated
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