Brief: Ameriserv Financial Announces Cooperation And Settlement Agreement With Driver Management

Ameriserv Financial

14/06/2024 13:09

June 14 (Reuters) - Ameriserv Financial Inc  ASRV.O :
    * AMERISERV FINANCIAL ANNOUNCES COOPERATION AND SETTLEMENT
AGREEMENT WITH DRIVER MANAGEMENT
    * DRIVER WILL WITHDRAW DIRECTOR NOMINATIONS AND DISMISS ALL
LITIGATION AGAINST AMERISERV
    * AMERISERV AND DRIVER HAVE ALSO EXECUTED A STOCK PURCHASE
AGREEMENT
    * WILL ACQUIRE APPROXIMATELY 628,000 AMERISERV SHARES HELD
BY
DRIVER
    * PURSUANT TO COOPERATION AGREEMEN DRIVER HAS AGREED TO A
PERPETUAL STANDSTILL
    * UNDER PERPETUAL STANDSTILL, AFTER EFFECTIVE DATE OF
COOPERATION
DEAL, DRIVER TO NOT ATTEMPT TO NOMINATE DIRECTOR AT AMERISERV
    * UNDER PERPETUAL STANDSTILL, AFTER EFFECTIVE DATE OF
COOPERATION
DEAL, DRIVER TO NOT  BRING LITIGATION AGAINST CO

Source text for Eikon:  ID:nBw8Sx36Ta 
Further company coverage:  ASRV.O 

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