* Adopts shareholder rights plan
* Sets trigger at 20 pct
May 5 (Reuters) - Junior exploration company Hana Mining Ltd said its board adopted a shareholder rights plan, with a 20 percent trigger.
Hana, however, said its board was not currently aware of any pending or proposed take-over bid for the company.
A shareholder rights plan typically acts as a poison pill to forestall any unsolicited attempts to takeover a company.
(Reporting by R. Manikandan in Bangalore; Editing by Anil D'Silva) Keywords: HANAMINING/ (raman.manikandan@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: raman.manikandan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Sets trigger at 20 pct
May 5 (Reuters) - Junior exploration company Hana Mining Ltd said its board adopted a shareholder rights plan, with a 20 percent trigger.
Hana, however, said its board was not currently aware of any pending or proposed take-over bid for the company.
A shareholder rights plan typically acts as a poison pill to forestall any unsolicited attempts to takeover a company.
(Reporting by R. Manikandan in Bangalore; Editing by Anil D'Silva) Keywords: HANAMINING/ (raman.manikandan@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: raman.manikandan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.