April 30, 2018 / 11:13 AM / 3 months ago

BRIEF-Crius, JCP Announce Settlement Agreement

April 30 (Reuters) - Crius Energy Trust:

* CRIUS AND JCP ANNOUNCE SETTLEMENT AGREEMENT

* CRIUS ENERGY TRUST - PURSUANT TO AGREEMENT, 1 JCP NOMINEE, ALI HEDAYAT , WILL BE PUT FORTH BY CO FOR ELECTION TO BOARD OF CRIUS ENERGY ADMINISTRATOR

* CRIUS ENERGY TRUST - JCP REMOVED ANNOUNCED SLATE OF NOMINEES FOR BOARD, ENTERED INTO CUSTOMARY STANDSTILL, VOTING SUPPORT AGREEMENTS WITH CO

* CRIUS ENERGY TRUST - IN ADDITION TO HEDAYAT, CRIUS WILL NOMINATE 2 NEW DIRECTORS FOR ELECTION TO JCP BOARD

* CRIUS ENERGY TRUST - DAVID KERR WILL BE RETIRING FROM JCP BOARD

* CRIUS ENERGY TRUST - AS PART OF JCP AGREEMENT, CO INTENDS TO FORM STRATEGIC OPERATING COMMITTEE Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below