EX-5.1 2 tv517650_ex5-1.htm EXHIBIT 5.1

 

Exhibit 5.1

 

 

 

Clarivate Analytics Plc

4th Floor, St Paul's Gate

22-24 New Street

St Helier

Jersey

JE1 4TR

  D:  +44 1534 514071
  E:  richard.daggett@ogier.com
   
  Ref:  RJD/APS/171225.00001
   
    15 April 2019

Dear Sirs

 

Clarivate Analytics Plc (the Company) - Registration under the US Securities Act of 1933, as amended (the Securities Act)

 

1Background

 

1.1In connection with the Registration Statement on Form F-4 (Registration No. 333-229899) (as amended, the Registration Statement) filed by the Company today with the Securities and Exchange Commission pursuant to the Securities Act), you have asked us to furnish our opinion as to the legality of the securities being registered under the Registration Statement.

 

1.2The Registration Statement relates to the registration by the Company under the Securities Act of a public offering by the Company of 69,200,000 ordinary shares of no par value in the Company (the Shares) and 34,712,174 ordinary shares of no par value in the Company (the Warrant Shares) issuable upon the exercise of warrants of the Company (the Warrants).

 

1.3In this opinion, "non-assessable" means, in relation to a Share or a Warrant Share, that the consideration for which the Company agreed to issue that Share or Warrant Share (as applicable) has been or will be paid in full to the Company, so that no further sum is payable to the Company by any holder of that Share or Warrant Share in respect of the purchase price of that Share or Warrant Share.

 

2Documents examined

 

2.1For the purposes of giving this opinion, we have examined and relied upon such documents as we deem appropriate, including the following documents:

 

(a)the Registration Statement;

 

(b)the agreement and plan of merger dated as of January 14, 2019 by and among Churchill Capital Corp, the Company, Camelot Holdings (Jersey) Limited, CCC Merger Sub, Inc. and Camelot Merger Sub (Jersey) Limited (the Merger Agreement);

 

 

 

Ogier      
44 Esplanade      
St Helier Partners    
Jersey JE4 9WG Raulin Amy Josephine Howe Julie Melia
  James Campbell Jonathan Hughes Oliver Passmore
  Richard Daggett Sara Johns Nathan Powell
  Simon Dinning Niamh Lalor Daniel Richards
T +44 1534 514000 Katrina Edge Edward Mackereth Nicholas Williams
F +44 1534 514444 Sally Edwards Bruce MacNeil  
ogier.com Simon Felton Steven Meiklejohn  

  

 

 

 

(c)the Company’s memorandum and articles of association in force as at the date hereof (the M&A);

 

(d)a true copy of board minutes of a meeting of the board of directors of the Company held on 26 February 2019 at which the directors (among other things) approved the allotment of the Shares and the Warrants;

 

(e)the Company’s certificate of incorporation;

 

(f)a consent to issue shares dated 7 January 2019 issued to the Company by the Jersey Financial Services Commission (the Commission) under the Control of Borrowing (Jersey) Order 1958, as amended (the COBO Consent);

 

(g)a consent in connection with the Registration Statement issued to the Company by the Commission pursuant to the Companies (General Provisions) (Jersey) Order 2002, as amended, dated 15 April 2019 (the GPO Consent); and

 

(h)a certificate signed by a director of the Company dated on or around the date of this opinion.

 

2.2For the purposes of this opinion, we have, with the Company's consent, relied upon certificates and other assurances of directors and other officers of the Company as to matters of fact, without having independently verified such factual matters.

 

3Assumptions

 

For the purposes of this opinion, we have assumed:

 

(a)the authenticity, accuracy, completeness and conformity to original documents of all copy documents and certificates of officers of the Company examined by us;

 

(b)that the signatures on all documents examined by us are the genuine signatures of persons authorised to execute or certify such documents;

 

(c)the accuracy and completeness in every respect of all certificates of directors or other officers of the Company given to us for the purposes of giving this Opinion and that (where relevant) such certificates would be accurate if they have been given as of the date hereof;

 

(d)that the Company has received or will receive in full the consideration for which the Company agreed to issue the Shares and the Warrant Shares;

 

(e)that words and phrases used in the Registration Statement have the same meaning and effect as they would if the Registration Statement were governed by Jersey law;

 

(f)that no other event occurs after the date hereof which would affect the opinions herein stated;

 

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(g)that there is no provision of the law or regulation of any jurisdiction other than Jersey which would have any adverse implication in relation to the opinion expressed hereunder; and

 

(h)there has been no amendment to the COBO Consent or the GPO Consent.

 

4Opinion

 

As a matter of Jersey law, and on the basis of and subject to the foregoing and the qualifications below, we are of the following opinion:

 

(a)the Shares have been duly authorised and the Warrant Shares have been duly authorised;

 

(b)upon the effectiveness of the Mergers (as defined in the Registration Statement) and when issued as contemplated by the Registration Statement and pursuant to the Merger Agreement, the Shares will be validly issued, fully paid and non-assessable; and

 

(c)upon the effectiveness of the Mergers and following the issue of the Warrants as contemplated by the Registration Statement and pursuant to the Merger Agreement, the Warrant Shares, when and if issued upon exercise of the Warrants in accordance with the terms of the Warrants, will be validly issued, fully paid and non-assessable.

 

5Qualifications

 

This Opinion is subject to the following qualification:

 

(a)the obligations of the Company under, or in respect of, the Shares and the Warrant Shares will be subject to any law from time to time in force relating to bankruptcy, insolvency, liquidation, reorganisation or administration or any other law or legal procedure affecting generally the enforcement of creditors' rights.

 

6Governing Law, Limitations, Benefit and Disclosure

 

6.1This Opinion shall be governed by and construed in accordance with the laws of Jersey and is limited to the matters expressly stated herein.

 

6.2This Opinion is limited to matters of Jersey law and practice as at the date hereof and we have made no investigation and express no opinion with respect to the law or practice of any other jurisdiction.

 

6.3We assume no obligation to advise you (to any other person who may rely on this Opinion in accordance with this paragraph), or undertake any investigations, as to any legal developments or factual matters arising after the date of the Opinion that might affect the opinions expressed herein.

 

6.4We consent to the filing of a copy of this opinion as Exhibit 5.1 to the Registration Statement and to reference to us being made in the Registration Statement. In giving this consent, we do not admit that we are included in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations promulgated by the US Securities and Exchange Commission under the Securities Act.

 

Yours faithfully

Ogier

 

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