Cobalt International Energy, Inc. Announces Effectiveness of 1-for-15 Reverse Stock Split
June 16 2017 - 3:15PM
Business Wire
Cobalt International Energy, Inc. (“Cobalt”)
(NYSE:CIE) today announced that its previously announced
1-for-15 reverse stock split became effective at the close of
regular NYSE trading hours on June 16, 2017. Cobalt’s common stock
will begin trading on a post-reverse stock split basis at the
opening of the NYSE’s regular trading hours on June 19, 2017.
Cobalt effected the reverse stock split by filing an amendment to
its second amended and restated certificate of incorporation with
the Delaware Secretary of State.
Cobalt’s shares of common stock will continue to trade on
the New York Stock Exchange ("NYSE") under the symbol
"CIE" under the new CUSIP number 19075F 304.
No fractional shares will be issued in connection with the
reverse stock split. Any fractional shares resulting from the
reverse stock split will be rounded up to the nearest whole
share. Stockholders with certificated shares will receive a
transmittal letter from the Company’s transfer agent which will
contain instructions on how to surrender certificates representing
pre-split shares of common stock. Stockholders should not send in
their old stock certificates until they receive the transmittal
letter from the transfer agent. Stockholders with book-entry shares
or who hold their shares in “street name” through a bank, broker,
custodian or other nominee will not need to take any action.
The transfer agent for Cobalt’s common stock is Continental
Stock Transfer & Trust Company. For questions relating to the
transfer or mechanics of the reverse stock split, stockholders may
contact Continental Stock Transfer & Trust Company, 1 State
Street 30th Floor, New York, NY 10004-1561, or by phone at: (917)
262-2378.
About Cobalt
Cobalt International Energy, Inc. (NYSE:CIE) is an
independent exploration and production company active in the
deepwater U.S. Gulf of Mexico and offshore West
Africa. Cobalt was formed in 2005 and is headquartered
in Houston, Texas.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the federal securities laws, including the safe
harbor provisions of the Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934 — that is,
statements related to future, not past, events. Forward-looking
statements are based on current expectations and include any
statement that does not directly relate to a current or historical
fact. In this context, forward-looking statements often address
Cobalt’s expected future business and financial performance, and
often contain words such as “anticipate,” “believe,” “may,” “will,”
“aim,” “estimate,” “continue,” “intend,” “could,” “expect,” “plan,”
and other similar words. These forward-looking statements involve
certain risks and uncertainties that ultimately may not prove to be
accurate. Actual results and future events could differ materially
from those anticipated in such statements. For further discussion
of risks and uncertainties, individuals should refer to
Cobalt’s SEC filings. Cobalt disclaims any obligation or
undertaking, and does not intend, to update these forward-looking
statements to reflect events or circumstances occurring after this
press release, other than as required by law. You are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement.
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Cobalt International Energy, Inc.Investor Relations:Aaron
Skidmore, +1 713-457-4426Director, Investor RelationsorMedia
Relations:Lynne L. Hackedorn, +1 713-579-9115Vice President,
Government and Public Affairs