Anavex Life Sciences Corp (AVXL)

[biotechnician]

Poison Pill, ACQUISITION EVENT


Subject to the terms of the Shareholder Rights Plan, in the event any person shall become an Acquiring Person, then, the Company will take such action as to ensure each holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, cash, property, or other securities of the Company) having a value equal to two times the exercise price of the Right.

Acquiring Person shall become null and void without any further action, and any holder of such Rights shall not have any right whatsoever to exercise such Rights under the Shareholder Rights Plan and shall not have thereafter any right whatsoever with respect to such Rights.

So does that mean if AVXL makes the exercise price of the right $10, then we are entitled to 2x that amount or $20? or $30 and $60 etc etc. $50 and $100.