Sachem Head Announces Withdrawal of Proposals and Director Nominations at Anaplan

Sachem Head Capital Management has withdrawn its stockholder proposals and director nominations for Anaplan (NYSE: PLAN) following the Company's agreement to be acquired by Thoma Bravo.

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NEW YORK--(BUSINESS WIRE)-- Sachem Head Capital Management LP (“Sachem Head”) today issued the following statement in connection with its previously disclosed stockholder proposals and director nominations at Anaplan, Inc. (NYSE: PLAN) (“Anaplan” or the “Company”):

“In light of the Company’s agreement to be acquired by Thoma Bravo, Sachem Head has withdrawn its stockholder proposals and its notice of intent to nominate candidates for election to the Company’s Board of Directors. We congratulate the Board and the management team on the transaction, and we thank them for their constructive engagement.”

About Sachem Head Capital Management

Sachem Head is an investment manager founded in 2012 by Scott D. Ferguson. The firm employs a concentrated, value-oriented investment strategy and is primarily focused on equity investments in North America and Europe.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220323005363/en/

Media:
Longacre Square Partners
Dan Zacchei / Joe Germani
DZacchei@longacresquare.com / JGermani@longacresquare.com

Source: Sachem Head Capital Management LP