ZoomInfo Technologies : Board Approves Elimination of Up-C Corporate Structure and Move to Single Class of Common Stock (Form 8-K)

ZoomInfo Board Approves Elimination of Up-C Company Construction and Strikes to a Single Class of Frequent Shares

Simplified company construction reduces compliance and reporting complexity;

Enhancements in company governance create alternatives for elevated index inclusion

Vancouver, WA, September 7, 2021 – ZoomInfo, (NASDAQ: ZI), a number one world supplier of go-to-market software program, information and data, introduced right now that its board of administrators has unanimously agreed to streamline its company construction and – The corporate’s administration has agreed by eliminating the corporate’s UP-C construction. This approval comes after the vast majority of OpCo models had been transformed to Class A typical shares together with Class B and C widespread shares within the week ending September 3, 2021, a reorganization of sure companies leading to all shareholders having the identical class of widespread inventory maintain with the identical financial and voting pursuits.

“That is an thrilling subsequent step in our growth as a public firm,” stated Henry Schuck, ZoomInfo founder and CEO. ‘Since our profitable IPO final 12 months, ZoomInfo has established itself as a number one software program firm and persistently delivers a mix of development and profitability. Simply as breaking down complexity is sweet for our prospects, it’s also good for our traders. With this step to simplify our company construction, we’re reaffirming our dedication to good company governance by eliminating a number of share lessons and giving all of our shareholders one vote per share. ‘

The corporate believes these modifications will enhance shareholder worth by rising potential investor attraction via decreased complexity and extra investor-friendly company governance. The restructuring is meant to allow the corporate to be included in related inventory indices. Operationally, the corporate expects the simplification to cut back compliance and reporting prices, enhance money movement, and enhance flexibility with regard to future transactions and potential acquisitions. The Firm expects web belongings of over $ 800 million in reference to the conversion of OpCo shares into Class A typical inventory consisting of deferred tax belongings partially offset by the associated tax receivable settlement liabilities (‘TRA’) included in to be realized within the subsequent 15 years – 20 years.

The corporate expects to finish its conversion right into a single class of widespread inventory within the fourth quarter of 2021.

ZoomInfo has seen fast development because it listed on the inventory trade in June 2020. Within the second quarter of 2021, ZoomInfo reported income of $ 174 million, up 57 % 12 months over 12 months, and closed the quarter with an organization report of greater than 1,100. ab prospects with an annual contract worth of USD 100,000 or extra.

Cautionary Assertion Relating to Ahead-Trying Data

This press launch comprises “forward-looking statements” throughout the which means of the federal securities legal guidelines. Ahead-looking statements embrace all statements that aren’t historic details, together with, however not restricted to, statements concerning the anticipated elimination of the Firm’s Up-C company construction and the timing and impression on the Firm. In some cases, these forward-looking statements might point out using phrases comparable to “anticipate,” “purpose,” “consider,” “might,” “proceed,” “would possibly,” “estimate,” “anticipate,” “forecast” Goal ” intend ” can ” may ” goal ” outlook ” plan ” potential ” forecast ” projection ” search ” ought to “,” goal “,” development “,” will “,” would “Or the

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unfavourable model of those phrases or different comparable phrases. Such forward-looking statements are topic to varied dangers, uncertainties, assumptions, or modifications in circumstances which might be tough to foretell or quantify. Accordingly, there are or there shall be vital elements that might trigger precise outcomes or outcomes to vary materially from these expressed in these statements. These elements embrace, however will not be restricted to, these set out within the Firm’s Annual Report on Type 10-Ok for the thirty first, which might be discovered on the SEC’s web site at www.sec.gov. These elements shouldn’t be construed as exhaustive and ought to be learn at the side of the opposite cautionary statements included in such filings. The corporate assumes no obligation to publicly replace or revise any forward-looking statements, whether or not because of new info, future developments or for another motive, except that is required by regulation.

About ZoomInfo

ZoomInfo (NASDAQ: ZI) is a frontrunner in fashionable go-to-market software program, information and intelligence for greater than 20,000 firms worldwide. The ZoomInfo platform allows business-to-business gross sales, advertising and marketing and recruiting professionals to beat their quantity by combining world-class know-how with unmatched information protection, accuracy and depth of firm and speak to info. With integrations embedded in workflows and know-how stacks, together with the main CRM, gross sales engagement, advertising and marketing automation and expertise administration purposes, ZoomInfo allows extra predictable, quicker and extra sustainable development for its prospects. ZoomInfo emphasizes GDPR and CCPA compliance. Along with growing the trade’s first proactive notification program, the corporate is a registered information dealer with the states of California and Vermont. Learn extra about ZoomInfo’s dedication to compliance, privateness and safety. For extra info on our main go-to-market software program, information and intelligence, and the way it will help gross sales, advertising and marketing and recruiting professionals, please go to www.zoominfo.com.

Investor contact:

Jeremiah Sisitsky

VP for Investor Relations

617-826-2068

IR@zoominfo.com

Media contact:

Victorious Steve

Director, communication

978-875-1297

PR@zoominfo.com

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Disclaimer of legal responsibility

ZoomInfo Applied sciences Inc. printed this content material on September 07, 2021 and is solely chargeable for the data contained therein. Distributed by public, unedited and unchanged, on September 07, 2021 11:41:02 AM UTC.

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