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Neo Performance Materials Provides Update on Shareholder Rights Plan
Neo Performance Materials Provides Update on Shareholder Rights Plan Canada NewsWire ...
About this update from Neo Performance Materials, Inc.
[{"type":"text","content":"\n \n \n \n Neo Performance Materials Provides Update on Shareholder Rights Plan\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 15, 2023\n \n \n /CNW/ - Neo Performance Materials Inc. (\"\n \n Neo\n \n \" or the \"\n \n Company\n \n \") (TSX: NEO) today announced the cancellation of the special meeting of shareholders (\"\n \n Shareholders\n \n \") that was scheduled for\n \n March 16, 2023\n \n (the \"\n \n Special Meeting\n \n \") to approve and ratify the Company's shareholder rights plan dated\n \n September 20, 2022\n \n (the \"\n \n Rights Plan\n \n \") for the reasons outlined below.\n \n \n While the Board continues to believe that a shareholder rights plan is necessary to protect Shareholders from certain actions that could result in unequal treatment of Shareholders under applicable Canadian securities laws, the Board has determined to combine the Special Meeting with the upcoming annual meeting of Shareholders and seek ratification and approval of the Rights Plan at the combined annual and special meeting of Shareholders, which Neo anticipates calling no later than\n \n June 2023\n \n .\n \n \n The Rights Plan remains subject to the acceptance and approval of the Toronto Stock Exchange.\n \n \n \n About Neo Performance Materials\n \n \n \n Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo's advanced industrial materials - magnetic powders and magnets, specialty chemicals, metals, and alloys - are critical to the performance of many everyday products and emerging technologies. Neo's products help to deliver the technologies of tomorrow to consumers today. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in\n \n Toronto, Ontario, Canada\n \n ; with corporate offices in\n \n Greenwood Village, Colorado\n \n , US;\n \n Singapore\n \n ; and\n \n Beijing, China\n \n . Neo operates globally with sales, research and development, and production acros...