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BRIEF-Crius, JCP Announce Settlement Agreement

Published 2018-04-30, 07:08 a/m
© Reuters.  BRIEF-Crius, JCP Announce Settlement Agreement
KWH_u
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April 30 (Reuters) - Crius Energy Trust KWH_u.TO :

* 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

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