Barnwell Industries Adopts Limited-Duration Shareholder Rights Plan to Protect Long-Term Value for All Shareholders

Barnwell Industries has adopted a limited-duration shareholder rights plan to protect the interests of its shareholders and prevent "creeping" control by any individual or entity. The plan, which expires on July 29, 2026, will issue one right for each common share outstanding and becomes exercisable if a person acquires 20% or more of the outstanding common stock. The plan aims to ensure fair and equal treatment of all shareholders in the event of a takeover and prevent tactics to gain control without paying an appropriate premium.