Clarivate Plc Announces Termination of Tax Benefits Preservation Plan

Clarivate Plc, a global leader in providing solutions to accelerate innovation, has announced the termination of its tax benefits preservation plan. The plan, which was originally implemented in December 2022, aimed to protect the availability of Clarivate’s U.S. net operating loss carryforwards and certain other U.S. tax attributes. The Board of Directors unanimously approved the termination, which will be effective as of October 1, 2023.

The decision to terminate the Tax Benefits Preservation Plan reflects Clarivate’s confidence in its financial position and future prospects. By ending the plan, the company demonstrates its commitment to maximizing shareholder value and ensuring the efficient utilization of its tax attributes.

Clarivate is dedicated to connecting people and organizations to trusted intelligence, helping customers solve complex problems and accelerate the pace of innovation. With a focus on academia and government, life sciences and healthcare, professional services, and consumer goods, manufacturing, and technology, Clarivate provides actionable information and insights that reduce the time from new ideas to life-changing inventions.

The termination of the Tax Benefits Preservation Plan is a positive step for Clarivate, signaling the company’s strong financial position and its ability to navigate the evolving business landscape. As a global leader in its industry, Clarivate continues to drive innovation and provide valuable solutions to its customers worldwide.

For more information about Clarivate and its offerings, please visit clarivate.com.