Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Can't concentrate.

Keep thinking about the following:

- "On November 15, 2013, we entered into a Shareholder Rights Plan and, under the Rights Plan, our Board of Directors declared a dividend distribution of one Right for each outstanding share of our common stock and one right for each share of Common Stock into which any of our outstanding Preferred Stock is convertible, to shareholders of record at the close of business on that date. Each Right entitles the registered holder to purchase fromus one "Unit” consisting of one one-millionth (1/1,000,000) of a share of Series H Junior Participating preferred stock, at a purchase price of $2.10 per Unit, subject to adjustment, and may be redeemed prior to November 15, 2023, the expiration date, at $0.000001 per Right, unless earlier redeemed by the Company.

Here is the RIGHTS AGREEMENT in it's ENTIRETY:

https://www.sec.gov/Archives/edgar/data/1053369/000114420413062436/v360421_ex1.htm


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