CLVT-A Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares

Dividends on our convertible preferred shares will be payable on a cumulative basis when, as and if declared by our board of directors, or an authorized committee of our board of directors, at an annual rate of 5.25% of the liquidation preference of $100.00 per share. We may pay declared dividends in cash or, subject to certain limitations, in our ordinary shares, or in any combination of cash and ordinary shares, on March 1, June 1, September 1 and December 1 of each year, commencing on September 1, 2021 and ending on, and including, June 1, 2024. Each of our convertible preferred shares will automatically convert on the second business day immediately following the last trading day (as defined herein) of the Settlement Period into between 3.2052 and 3.8462 of our ordinary shares , each subject to anti-dilution adjustments.   This security was issued by Clarivate Plc, whose common stock symbol is CLVT.

$40.64  -0.59 (-1.43%)
As of 03/24/2023 16:00:00 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Convertible
GICS sector:  Industrials
Industry:  Information Technology Service
Index country:  USA
Country of incorporation:  Jersey
IPO date:  06/17/2021
Outstanding shares:  12,500,000
Average volume:  55,372
Market cap:   $738,875,000
Current dividend yield:  8.88%    calculation
Coupon rate:    5.250%
Cumulative:    No
Liquidation value:   $100.00
Callable after:   06/01/2024
Maturity date:    06/01/2024
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BM91P35