Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - HP INC | nc10013143x1_8k.htm |
| EX-4.1 - EXHIBIT 4.1 - HP INC | nc10013143x1_ex4-1.htm |
Exhibit 99.1
|
HP Inc.
1501 Page Mill Road
Palo Alto, CA 94304
hp.com
|
|
|
News Release
|
|
|
HP Inc. Announces Termination of Shareholder Rights Plan
|
|
|
Editorial contacts
HP Inc. Media Relations
MediaRelations@hp.com
HP Inc. Investor Relations
InvestorRelations@hp.com
|
PALO ALTO, Calif., June 26, 2020 — The Board of Directors of HP Inc. (NYSE: HPQ) has approved an amendment to the Company’s shareholder rights plan to
accelerate the expiration date of the plan to June 25, 2020, effectively terminating the plan as of that date. The limited duration rights plan was previously set to expire on February 20, 2021.
|
|
Chip Bergh, Chair of HP’s Board of Directors, said, “The shareholder rights plan was, by design, a temporary measure to protect the long-term
interests of our shareholders. In reaching the decision to terminate the plan at this time, the Board took into careful consideration a variety of factors including the appropriateness of maintaining this plan when HP is no longer the subject
of a hostile tender offer and corporate governance best practices.”
|
|
|
About HP Inc.
|
|
|
HP Inc. creates technology that makes life better for everyone, everywhere. Through our product and service portfolio of personal systems, printers
and 3D printing solutions, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.
|
|