Bausch Health adopts shareholder rights plan (poison pill) effective April 14, 2025

Bausch Health Companies Inc.

Board approved shareholder rights plan on April 14, 2025; one right attaches to each common share outstanding.
Plan not adopted in response to any specific takeover bid or proposal; Board is unaware of any pending threat.
Rights become exercisable at a substantial discount if a person acquires 20%+ of common shares (subject to Permitted Bid exception).
Plan subject to TSX acceptance and shareholder ratification within six months; if not ratified, it terminates.
Similar to other Canadian public company shareholder rights plans.

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