TSXV:ISD.H - Post by User
Post by
lkhanon Jan 24, 2012 8:40am
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Post# 19440737
ISD news out
ISD news out take over is coming....time to jump back in ISD...
Headline: iSIGN Media Announces its Intent to Adopt a Shareholders Rights Plan
Symbol: ISD
TORONTO, ONTARIO--(Marketwire - Jan. 24, 2012) - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX VENTURE:ISD) is pleased to announce that it is working on a shareholders' rights plan (the "Plan") to encourage a fair treatment of shareholders, should a take-over bid be made for iSIGN. The Plan is expected to be completed and in place prior to the end of February and will provide the Board and the shareholders more time to consider unsolicited take-over bids of the Company. The Plan is intended to discourage coercive or unfair take-over bids and gives the Board time to pursue alternatives to maximize shareholder value, if appropriate, in the event of an unsolicited take-over bid.
The Plan is not being developed in response to, or in contemplation of, any specific proposal to acquire control of iSIGN. The Plan will be subject to acceptance by the TSX Venture Exchange and must be ratified by the Shareholders at the Company's next annual general meeting scheduled to take place in 2012.
A complete copy of the Plan will be made available on SEDAR at www.sedar.com when it is completed.