Pure Cycle appoints Daniel Roller to board of directors

Pure Cycle (PCYO) Corporation announced that a new independent director, Daniel Roller, was appointed to its Board of Directors, effective January 14, expanding the Board from 7 to 8 directors. This appointment, made in cooperation with Maran Capital Management, which beneficially owns approximately 14.7% of Pure Cycle’s common shares, further strengthens the Board and adds new skillsets and capabilities. In connection with this appointment, the Board will form a Strategy and Capital Allocation Committee, to be chaired by Mr. Roller. Pursuant to a cooperation agreement, Maran has agreed to a customary standstill, voting and other provisions. Roller is the Founder, President and CIO of Maran Capital Management.