05:34 PM EDT, 03/18/2024 (MT Newswires) -- Wisdomtree ( WT ) said Monday its board extended the limited duration stockholder rights plan to a day after the company's 2024 annual meeting of shareholders.

The exercise of rights is subject to a shareholder acquiring at least 10% of the company shares or 20% stake in case of a passive shareholder, Wisdomtree ( WT ) added.

The company said the rights plan covers offers for all shares treating stockholders equally, with a qualifying offer clause allowing a special meeting to exempt a "qualifying offer."

The plan preserves the board's authority to redeem rights and consider full-value offers, the company said.

Wisdomtree ( WT ) shares rose 1.5% in recent after-hours trading.

Price: 9.01, Change: +0.13, Percent Change: +1.46