Navigation Links
NOVT Corporation's Board of Directors Terminates Shareholder Rights Plan
Date:10/8/2007

LOS GATOS, Calif., Oct. 8 /PRNewswire-FirstCall/ -- NOVT Corporation (Pink Sheets: NOVT.PK) ("the Company") today announced that its Board of Directors voted to terminate the Company's current shareholder rights plan. The Board of Directors determined the plan was no longer necessary due to the Company's reincorporation in Delaware and adoption of a new charter, which contains a provision protecting the Company's Net Operating Loss carryforwards. This new charter provision restricts the transfer of stock to a transferee (or a group in which the transferee is a member) if the transfer would either (i) increase the transferee's beneficial ownership of the Company to 4.75 percent or above or (ii) increase the transferee's beneficial ownership of the Company from 4.75 percent or above to a greater ownership interest percentage.

The rights plan will be terminated by changing its 2009 expiration date to October 29, 2007, while the Board retains the right to adopt a new plan at a future date in the event of changed circumstances.


'/>"/>
SOURCE NOVT Corporation
Copyright©2007 PR Newswire.
All rights reserved

Page: 1

Related medicine news :

1. Study casts doubt on keyboard ills
2. Who Board To Discuss Asian Tsunami Related Health Issues
3. Abdominal Crunches Not The Best Option For Wash Board Abs.
4. Computer Keyboards In Hospitals Could Spread Infection To Patients
5. Flu, Boarded A Ship?
6. Skateboarding to health
7. Shangai Citizens to Monitor Billboards
8. Budhia Is Fine, Government-constituted Medical Board Reports False
9. Pharmacy Board Says Pharmacists Have Right To Refuse Morning-After Pill
10. 115 people on board a cruise liner taken ill due to suspected Norovirus
11. Health Board and Doctors’ Association clash on working hours issu
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2017)... (PRWEB) , ... June 23, 2017 , ... Goodcents Deli ... , The restaurant is located at 4210 SW 21st St. Topeka, Kan. 66604 (near ... owner of Graham Restaurant Group who owns three other locations in the Topeka and ...
(Date:6/23/2017)... (PRWEB) , ... June 23, 2017 , ... MD ... Florida. This is MD Now’s 28th facility overall and marks the urgent care center's ... located one mile North of The Falls shopping mall. The new clinic offers a ...
(Date:6/23/2017)... ... June 23, 2017 , ... ... planning, and related services to families and business owners in and around Lackawanna ... to benefit senior citizens in the area. , Meals on Wheels of NEPA ...
(Date:6/22/2017)... ... ... Branches, Inc. has been partnering with The Miami Foundation for over 9 years, ... on providing opportunity to low-income families and breaking the cycle of generational poverty. , ... support its , Climb to College & Career initiative which focuses on postsecondary success. ...
(Date:6/22/2017)... ... June 23, 2017 , ... Despite its pervasiveness, many ... reviews available that integrate basic science with clinical practice. Now, however, a timely review ... providing clinicians with insight into the etiology of NeuP and educating preclinical scientists on ...
Breaking Medicine News(10 mins):
(Date:6/7/2017)... , June 7, 2017 Endo International plc ... 7, 2017, the Hon. Joseph R. Goodwin , ... West Virginia , entered a case ... Pelvic Repair System Products Liability Litigation (the "MDL") that ... cases to provide expert disclosures on specific causation within ...
(Date:6/5/2017)... Neb. , June 5, 2017 ... in the United States . ... helps a fallen person up to an almost-standing ... easily assembled and operated by one assistant and does ... It is simple enough that a child can operate ...
(Date:5/30/2017)... , May 30, 2017 DarioHealth Corp. (NASDAQ: DRIO), ... data solutions, today announced that it will be presenting at the ... 8:00 AM PT. Erez Raphael , CEO, of DarioHealth will ... conference will be held on June 6th & 7th, 2017 at ... in the small / micro-cap space. ...
Breaking Medicine Technology: