Reconnaissance Energy Africa Ltd. (ReconAfrica) has adopted a Shareholder Rights Plan with Odyssey Trust Company. The plan is not in response to any specific proposal but aims to provide adequate time to evaluate any future unsolicited takeover bid. The TSX Venture Exchange has conditionally accepted the plan, pending shareholder ratification at the 2026 Annual General Meeting on February 19, 2026. ReconAfrica is committed to minimal habitat disturbance and best environmental practices in its oil and gas exploration projects in Namibia, Angola, Botswana, and Gabon. Forward-looking statements in the press release caution about uncertainties and risks associated with the Shareholder Rights Plan.

Read more at GlobeNewswire: ReconAfrica Announces Adoption of Shareholder Rights Plan