LONDON, May 30, 2024
/PRNewswire/ -- Clarivate Plc (NYSE: CLVT; CLVT PR A)
("Clarivate"), a leading global provider of transformative
intelligence, announced today that its 5.25% Series A Mandatory
Convertible Preferred Shares (the "Preferred Shares"), will
automatically and mandatorily convert into ordinary shares of
Clarivate on June 3, 2024 (the
"Conversion Date"). The mandatory conversion rate for each
Preferred Share will be 3.8462 ordinary shares of Clarivate. Cash
will be paid in lieu of fractional ordinary shares.
As previously announced on May 1,
2024, holders of record at the close of business on
May 15, 2024 will separately receive
a final quarterly cash dividend of $1.3125 per Preferred Share on June 3, 2024.
Cautionary Note Regarding Forward-Looking Statements
This communication contains "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.
These statements, which express management's current views
concerning future business, events, trends, contingencies,
financial performance, or financial condition, appear at various
places in this communication and may use words like "aim,"
"anticipate," "assume," "believe," "continue," "could," "estimate,"
"expect," "forecast," "future," "goal," "intend," "likely," "may,"
"might," "plan," "potential," "predict," "project," "see," "seek,"
"should," "strategy," "strive," "target," "will," and "would" and
similar expressions, and variations or negatives of these words.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
management's current beliefs, expectations, and assumptions
regarding the future of our business, future plans and strategies,
projections, anticipated events and trends, the economy, and other
future conditions. These forward-looking statements involve a
number of risks and uncertainties (some of which are beyond our
control) or other assumptions that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. Important factors that
could cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include those factors discussed under the caption "Risk Factors" in
our annual report on Form 10-K, along with our other filings with
the U.S. Securities and Exchange Commission ("SEC"). However, those
factors should not be considered to be a complete statement of all
potential risks and uncertainties. Additional risks and
uncertainties not known to us or that we currently deem immaterial
may also adversely affect our business operations. Forward-looking
statements are based only on information currently available to our
management and speak only as of the date of this communication. We
do not assume any obligation to publicly provide revisions or
updates to any forward-looking statements, whether as a result of
new information, future developments or otherwise, except as
otherwise required by securities and other applicable laws. Please
consult our public filings with the SEC or on our website at
www.clarivate.com.
About Clarivate
Clarivate™ is a leading global provider of transformative
intelligence. We offer enriched data, insights & analytics,
workflow solutions and expert services in the areas of Academia
& Government, Intellectual Property and Life Sciences &
Healthcare. For more information, please visit
www.clarivate.com.
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SOURCE Clarivate Plc