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:10/13/2017)... ... , ... Lori R. Somekh, founder of the Law Office of Somekh ... law and special needs planning attorneys. “Membership in ElderCounsel helps our office remain up ... network with elder law attorneys nationwide,” said Somekh. , ElderCounsel was ...
(Date:10/13/2017)... Milford, NJ (PRWEB) , ... October 13, 2017 , ... ... weekend at scenic Alexandria Park in Milford, NJ. This free event, sponsored by ... and physical activity. The fun run is geared towards children of all ages; ...
(Date:10/13/2017)... , ... October 13, 2017 , ... “America On The ... identity. “America On The Brink” is the creation of published author, William Nowers. ... great-grandchildren. As a WWII veteran, he spent thirty years in the Navy. ...
(Date:10/12/2017)... ... 2017 , ... IsoComforter, Inc. ( https://isocomforter.com ), one of the ... new design of the shoulder pad. The shoulder pad provides optimal support and ... pain while using cold therapy. By utilizing ice and water that is circulated from ...
(Date:10/12/2017)... , ... October 12, 2017 , ... HMP , ... recipient of a 2017 Folio Magazine Eddie Digital Award for ‘Best B-to-B Healthcare Website.’ ... on October 11, 2017. , The annual award competition recognizes editorial and design excellence ...
Breaking Medicine News(10 mins):
(Date:9/28/2017)... 28, 2017 Cohen Veterans Bioscience and Early ... of wearable and home sensors for real-time monitoring of ... Foundation, a nonprofit organization focused on disruptive health solutions ... affordable analytical system to record and integrate behavioral, cognitive, ... ...
(Date:9/27/2017)... and NEW YORK , Sept. 27, 2017 ... mobile health and big data solutions, today announced that its MyDario product ... check your local TV listings for when The Dr. Oz Show airs ... The ... this month. ...
(Date:9/25/2017)... Sept. 25, 2017  EpiVax, Inc., a leader ... and immune-engineering today announced the launch of EpiVax ... of personalized therapeutic cancer vaccines. EpiVax has provided ... access to enabling technologies to the new precision ... lead EpiVax Oncology as Chief Executive Officer. Gad ...
Breaking Medicine Technology: