Preferred Stock Channel
Clarivate Plc | 5.25% Series A Mandatory Convertible Preferred Shares Due 6/1/2024 (CLVT.PRA)

Prospectus excerpt:  This is a public offering of 5.25% Series A Mandatory Convertible Preferred Shares, no par value (the “convertible preferred shares”), of Clarivate Plc, a public limited company incorporated under the laws of Jersey, Channel Islands. Concurrently with this offering of convertible preferred shares and pursuant to a separate prospectus supplement, we are offering to the public 28,846,154 ordinary shares and certain selling shareholders are offering to the public 9,615,384 ordinary shares (the “concurrent offering”). This offering is not contingent upon closing of the concurrent offering, or vice versa. The concurrent offering is being made by means of a separate prospectus supplement and accompanying prospectus, and nothing contained in this prospectus supplement shall constitute an offer to sell or a solicitation of an offer to buy any securities in the concurrent offering. See “Concurrent Offering.” We intend to use our net proceeds from this offering and the concurrent offering to finance a portion of the purchase price for the ProQuest acquisition, which we announced on May 17, 2021. This offering and the concurrent offering are not contingent on consummation of the ProQuest acquisition and will close prior to consummation of the ProQuest acquisition. The ProQuest acquisition may be delayed or may not occur. If the ProQuest acquisition is not consummated, we intend to use the net proceeds received by us from the offerings for general corporate purposes, which may, at our option, include redemption of the convertible preferred shares.

Full Prospectus PDF », Secondary Prospectus PDF », CLVT Page »

Series:A
Alternate symbology:CLVT-A, CLVT-PA, CLVTprA
Redeemable?:Yes
Maturity Date:6/1/2024
Cumulative?:Yes
Conversion Ratio:3.02052 - 3.8462
Conversion Price:$25.99 - $31.20
Shares Offered:12,500,000
Overallotment:1,875,000
Liquidation Preference:$100.00
Recent Market Price:$28.30
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-71.70 (-71.70%)
Annualized Dividend:5.25
Recent Ex-Date:2/14/2024
Current Yield:18.55%
Original Coupon:5.25%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn CLVT.PRA's Rating
Clarivate is an information services and analytics company. Co. provides nformation and analytics to facilitate the discovery, protection and commercialization of scientific research, innovations and brands. Co.'s Science Product Group consists of Web of Science and Life Science product lines, which provide information that is delivered and embedded into the workflows of its customers, Co.'s IP Product Group consists of its Derwent, CompuMark and MarkMonitor Product Lines, which help manage customer's end-to-end portfolio of intellectual property from patents to trademarks to corporate website domains.

Preferred: CLVT.PRA


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Name:  Clarivate Plc
Website:  www.clarivate.com
Sector:  Business Services & Equipment
Number of ETFs Holding CLVT:  27 (see which ones)
Total Market Value Held by ETFs:  $94,760,477.72
Total Market Capitalization:  $4,724,000,000
% of Market Cap. Held by ETFs:  2.01%

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