Business
Solium Adopts Shareholder Rights Plan
CALGARY, April 8, 2013 /CNW/ - The Board of Directors of Solium Capital Inc. ("Solium" or t...
About this update from Summit Royalties Ltd
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, April 8, 2013 /CNW/ - The Board of Directors of Solium Capital\n Inc. (\"Solium\" or the \"Corporation\") has adopted a shareholder rights\n plan (the \"Rights Plan\") effective April 1, 2013.  The Rights Plan was\n adopted in an effort to ensure the fair treatment of all Solium\n shareholders in connection with any take-over bid for the outstanding\n common shares of Solium.  The Rights Plan is intended to provide the\n Corporation's Board of Directors sufficient time to explore and develop\n alternatives for maximizing shareholder value if a take-over bid is\n made for Solium and to provide every shareholder an equal opportunity\n to participate in such a bid.\n\n\nThe Rights Plan is similar to the type of rights plans adopted by other\n Canadian public companies.  The Rights Plan is not being adopted in\n response to any actual or threatened take-over bid or other proposal\n from a third party to acquire control of Solium.  The Rights Plan is\n not intended to prevent take-over bids that treat the Corporation's\n shareholders fairly.  Under the Rights Plan, a bid that, among other\n things, is made to all shareholders on identical terms and conditions\n and that is open for at least 60 days may constitute a \"Permitted Bid\".\n\n\nComputershare Trust Company of Canada, as registrar and transfer agent\n for Solium's shares, has been appointed as rights agent pursuant to the\n Rights Plan.\n\n\nThe Rights Plan has been conditionally approved by the Toronto Stock\n Exchange.  Solium expects to seek shareholder approval and ratification\n of the Rights Plan at its upcoming annual and special meeting of the\n shareholders to be held on May 15, 2013.  If the Rights Plan is not\n ratified, the Rights Plan and all rights issued thereunder will\n terminate.  A complete copy of the Rights Plan is available on SEDAR at\n www.sedar.com.\n\n\nAbout Solium Capital Inc.\n\n\nSolium Capital Inc. (TSX: SUM) provides cloud-enabled services for\n global equity administration, financial reporting and compliance.  From\n our operation centers in the United States, Canada, the United Kingdom\n and Australia, our innovative software-as-a-service (SaaS) technology\n powers share plan administration and equity transactions for more than\n 3,000 corporate clients with employee part...