Clarus board of directors approves two of its top shareholders to increase their positions up to 12.5% of shares outstanding

Salt lake city, aug. 22, 2022 (globe newswire) -- the board of directors for clarus corporation (nasdaq: clar) (“clarus” and/or the “company”), a global company focused on the outdoor and consumer enthusiast markets, has approved the respective requests of two of its largest shareholders, brown advisory incorporated (“brown”) and greenhouse funds lllp (“greenhouse”), to be permitted under the company's rights agreement dated as of february 12, 2008, to increase each of their respective beneficial ownership in clarus to up to an aggregate of 12.5% of the company's outstanding shares of common stock.
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