Clarivate enters investment pact with Exor; Exor to nominate director, subject to standstill

CLARIVATE PLC

Exor, holding 10.1% of Clarivate shares, will nominate its COO Suzanne Heywood for board election at 2024 annual meeting.
Investor agreement includes standstill: Exor cannot acquire >17.5% of outstanding shares or make public offers.
Standstill expires if Exor ownership falls below 5%, nominee is not elected, or company initiates certain transactions.
Agreement dated March 4, 2024; full text filed as Exhibit 10.1.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.92

CLARIVATE PLC entered into Investment Agreement with Exor N.V. (effective 2024-03-04).

Action: entry
Agreement: equity purchase
Counterparty: Exor N.V.
Effective: 2024-03-04

Exact text from the filing

Entry into a Material Definitive Agreement In connection with Exor N.V.’s investment in the Company, the Company has entered into an Investment Agreement with Exor dated as of March 4, 2024.

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Source: SEC EDGAR

accession 0001104659-24-030268

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