INDIVIOR PLC
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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Agreement with Significant Shareholder
Relationship Agreement with the Oaktree Parties
On December 16, 2024, Indivior PLC entered into a Relationship Agreement with Oaktree Value Opportunities Fund, L.P., Oaktree London Liquid Value Opportunities Fund (VOF), L.P., Oaktree Phoenix Investment Fund, L.P. and Boston Patriot Arlington ST LLC (together, the "Oaktree Parties"). Pursuant to this agreement, among other things, Indivior PLC agreed to (i) appoint Robert Schriesheim, Joe Ciaffoni, and Daniel Ninivaggi (together, the "New NEDs") to the Board, (ii) appoint the New NEDs as members of the Nomination Committee and the Operational Committee of the Board, and (iii) from January 1, 2025 until the expiry of the Relationship Agreement, have a maximum of 11 directors on the Board. Indivior PLC also agreed that the Board will unanimously recommend to shareholders the re-appointment of the New NEDs to the Board at the 2025 Annual General Meeting of Indivior PLC. Please refer to Item 13—Certain Relationships and Related Transactions, and Director Independence, for more information about the Relationship Agreement.
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