Jones Energy, Inc. Announces Reverse Stock Split
JONES ENERGY INC (JONE)
Last jones energy inc earnings: 2/27 04:15 pm
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US:NYSE Investor Relations:
investors.jonesenergy.com/investors/default.aspx
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Source: GlobeNewswire
AUSTIN, Texas, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE: JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has approved a reverse stock split for the Company’s issued and outstanding Class A and Class B common stock of 1 for 20, effective after market close on Friday September 7, 2018. Jones Energy’s Class A common stock will begin trading on a split-adjusted basis upon market opening the following Monday, September 10, 2018 on the New York Stock Exchange (“NYSE”) under the same ticker symbol, JONE, but with a new CUSIP. The reverse stock split is intended to increase the market price per share of the Company’s Class A common stock in order to comply with the NYSE continued listing standards relating to minimum price per share. Jones Energy believes that maintaining its NYSE-listing enhances its financial flexibility, provides more options for liability management and enables broader investor access. Company CEO Carl Giesler comme
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