Clarivate extends share buyback authorization to Dec 2024, reduces to $500M

CLARIVATE PLC

Board reduced authorization from $1B to $500M and extended through Dec 31, 2024.
Resumption of repurchases follows progress toward target leverage ratio under 4x net debt/EBITDA by end of 2023.
Company will seek shareholder approval to buy up to 100M shares at $1-$35 per share in open market.
CEO cites confidence in strategy and commitment to balanced capital allocation.

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