The objective of Pembina's Shareholder Rights Plan is to ensure that in the event of a bid for control through an acquisition of the company's common shares, the Board of Directors of the company has sufficient time to:
Explore and develop alternatives for maximizing shareholder value.
Provide adequate time for competing bids to emerge.
Ensure shareholders have an equal opportunity to participate in such a bid.
Give shareholders adequate time to properly assess the bid and lessen the pressure to tender that is typically encountered by a shareholder of a corporation that is subject to a bid.
Rights and responsibilities
Pembina’s Shareholder Rights Plan was last reviewed and approved by shareholders on May 12, 2016, with immediate effect and is expected to remain in effect until the 2019 annual meeting of shareholders.
Pembina Pipeline Corporation Investor Relations
Suite 4000, 585 - 8th Avenue SW
Calgary, Alberta T2P 1G1
Phone: (403) 231-3156
Fax: (403) 237-0254
Toll Free: 1-888-428-3222