Midstates Petroleum Completes 1 for 10 Reverse Stock Split
04 August 2015 - 8:09AM
Business Wire
Midstates Petroleum Company, Inc. (NYSE:MPO) (the “Company”)
announced today that it completed a one-for-ten reverse stock split
of its common stock. The Company’s stock will begin trading on a
split-adjusted basis on August 4, 2015. Midstates’ stock will
continue to trade on the New York Stock Exchange under the trading
symbol “MPO” but will trade under a new CUSIP number.
Upon effectiveness of the reverse stock split, every ten shares
of issued and outstanding common stock was automatically combined
into one issued and outstanding share of common stock. The reverse
stock split reduced the number of shares of the Company’s common
stock outstanding from approximately 72 million to approximately
7.2 million. In addition, the number of authorized shares of the
Company’s common stock was decreased from approximately 300 million
to 100 million.
The Company did not issue any fractional shares in connection
with the reverse stock split; stockholders who would otherwise hold
a fractional share of the Company’s common stock will receive a
cash payment in lieu of such fractional share.
American Stock Transfer and Trust Company, LLC, the Company’s
transfer agent, acted as its exchange agent for the reverse stock
split. American Stock Transfer and Trust Company, LLC can be
reached at (800) 937-5449 or (718) 921-8200.
Additional information about the reverse stock split can be
found in the Company’s definitive proxy statement filed with the
Securities and Exchange Commission on April 29, 2015, a copy of
which is also available at www.sec.gov or
www.midstatespetroleum.com under the SEC Filings tab located on the
Investors page.
About Midstates Petroleum Company,
Inc.
Midstates Petroleum Company, Inc. is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. The Company’s operations are currently focused
on oilfields in the Mississippian Lime play in Oklahoma and the
Anadarko Basin in Texas and Oklahoma.
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Midstates Petroleum Company, Inc.Investor Relations:Jason
McGlynn, 918-947-4614Jason.McGlynn@midstatespetroleum.comorAl
Petrie, 713-595-9427Al.Petrie@midstatespetroleum.com