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BRIEF-Peabody And Elliott Management Enter Into Agreement

Published 06/02/2020, 12:19 am
Updated 06/02/2020, 12:21 am
© Reuters.  BRIEF-Peabody And Elliott Management Enter Into Agreement

Feb 5 (Reuters) - Peabody Energy Corp BTU.N :

* PEABODY AND ELLIOTT MANAGEMENT ENTER INTO AGREEMENT; NEW MEMBERS TO BE APPOINTED TO BOARD OF DIRECTORS

* PEABODY ENERGY CORP - ELLIOTT HAS AGREED TO CERTAIN CUSTOMARY STANDSTILL, VOTING AND OTHER PROVISIONS

* PEABODY ENERGY CORP - WILL APPOINT ELLIOTT MANAGEMENT EQUITY PARTNER, ELLIOTT MANAGEMENT PORTFOLIO MANAGER , DARREN YEATES TO BOARD

* PEABODY ENERGY - CO & ELLIOTT ALSO AGREED TO ADD A FOURTH INDEPENDENT DIRECTOR TO BE JOINTLY IDENTIFIED BY CO AND ELLIOTT

* PEABODY ENERGY CORP - WILL NOMINATE EACH OF NEW DIRECTORS FOR A FULL ONE-YEAR TERM AT UPCOMING ANNUAL SHAREHOLDERS MEETING

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