Artesian Resources closes acquisition of Town of Clayton's water system assets

ARTESIAN RESOURCES CORP

Artesian Water completed purchase of substantially all operating assets of Clayton's water system on May 26, 2022.
Deal includes exclusive franchise territory and right to serve Clayton's existing customers.
Delaware Public Service Commission approved the franchise territory transfer on April 20, 2022.
Asset Purchase Agreement dated Feb 16, 2022; immaterial amendment entered on May 11, 2022.

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