SALT LAKE CITY, July 31, 2020 (GLOBE NEWSWIRE) — Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a company focused on the outdoor and consumer industries, announced that its board of directors has confirmed the Company’s quarterly stock dividend, valued at $0.025 per share. The board has temporarily replaced the Company’s regular quarterly cash dividend with a stock dividend as of May 1, 2020.
Each Clarus stockholder of record will be entitled to receive 0.00210 of a share of Clarus common stock for each share of Clarus stock held on August 10, 2020, the record date. Clarus will distribute the stock dividend on August 21, 2020, the distribution date. No fractional shares will be issued, and stockholders will receive cash for such fractional interests based on the closing market price of Clarus common stock on the record date.The quarterly stock dividend will have a value of $0.025 per share, based on the closing market price on July 30, 2020. The dividend reflects an aggregate distribution of approximately 62,632 shares with a market value of approximately $747,205.About Clarus CorporationForward‐Looking StatementsCompany Contact:John C. Walbrecht President
Tel 1‐801‐993‐1344
john.walbrecht@claruscorp.com
or
Aaron J. Kuehne
Chief Administrative Officer and Chief Financial Officer
Tel 1‐801‐993‐1364
aaron.kuehne@claruscorp.comInvestor Relations Contact:Gateway Investor Relations Cody Slach
Tel 1‐949‐574‐3860
CLAR@gatewayir.com
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