Clarivate amends share repurchase program as part of balanced capital allocation plan

Board to resume share repurchases following progress toward target leverage range london , may 24, 2023 /prnewswire/ -- clarivate plc (nyse: clvt) (the "company" or "clarivate"), a global leader in connecting people and organizations to intelligence they can trust, today announced that, given its reduced debt profile, the company's board of directors has approved the extension of its share repurchase authorization through december 31, 2024, and reduced the authorization from $1 billion to $500 million. jonathan gear, chief executive officer of clarivate, said, "the changes to the share repurchase program reflect our board and management team's confidence in clarivate's strategy, execution and commitment to allocating our significant free cash flow towards the company's capital structure, investing for growth and returning capital to shareholders.
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