EX-5.1 2 tm248497d1_ex5-1.htm EXHIBIT 5.1

 

Exhibit 5.1

 

 

 

Clarivate Plc

4th Floor, St Paul's Gate

22-24 New Street

St Helier

Jersey

JE1 4TR

  D: +44 1534 514071
  E: alexander.curry@ogier.com
 

 

Reference: AAC/CWT/178835.000014


 

 

12 March 2024

 

 

Dear Sirs

 

Clarivate Plc (the Company) - Registration under the US Securities Act of 1933, as amended (the Securities Act) – share option plans

 

1Background

 

1.1In connection with the Registration Statement on Form S-8 (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 40,000,000 additional ordinary shares, no par value, for issuance pursuant to the Clarivate Plc 2019 Incentive Award Plan, as amended and restated (the Plan), the ordinary shares under the Plan being collectively referred to herein as the Shares.

 

1.3In this opinion, "non-assessable" means, in relation to a Share, that the consideration for which the Company agreed to issue that Share 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 in respect of the purchase price of that 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 on Form S-8 (as amended) filed by the Company on 13 May 2019 with the Securities and Exchange Commission (Registration No. 333-231405);

 

 

 

Ogier (Jersey) LLP

44 Esplanade

St Helier

Jersey JE4 9WG

 

T +44 1534 514000

F +44 1534 514444

ogier.com

Partners

Raulin Amy

James Angus

James Campbell

Alexander Curry

Richard Daggett

Simon Dinning

Katrina Edge

Damian Evans

James Fox

Josephine Howe

Jonathan Hughes

Niamh Lalor

Kate McCaffrey

Edward Mackereth

Bruce MacNeil

Katharine Marshall

Rebecca McNulty

Steven Meiklejohn

Oliver Passmore

Nathan Powell

Sophie Reguengo

Oliver Richardson

Bruce Scott

Henry Wickham

Nicholas Williams

 

 

 

Registered as a limited liability partnership in Jersey. Registered number 99.

  

 

 

 

(a)the Registration Statement;

 

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

 

(c)the Plan;

 

(d)a true copy of resolutions in writing of the directors of the Company passed on 13 May 2019 in which the directors (among other things) approved or ratified the Plan and the allotment of the Shares thereunder;

 

(e)a true copy of resolutions in writing of the directors of the Company passed on 8 March 2024 in which the directors (among other things) approved or ratified the registration of additional Shares pursuant to the Plan;

 

(f)the Company’s certificate of incorporation and the certificate of incorporation upon change of name of the Company;

 

(g)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);

 

(h)a consent to circulate a prospectus dated 15 April 2019 issued to the Company by the Commission under the Companies (General Provisions) (Jersey) Order 2002, as amended (the GPO Consent); and

 

(i)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;

 

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(e)that in approving the Company's entry into the Plan and the transactions contemplated by it, the directors of the Company were acting in the best interests of the Company and for a proper purpose;

 

(f)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;

 

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

 

(h)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

 

(i)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

 

(b)the Shares, when issued pursuant to the terms of the Plan, 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 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.

 

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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

 

/s/ Ogier (Jersey) LLP

 

Ogier (Jersey) LLP

  

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