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Stock impact report

Permian Resources Completes Previously Announced Corporate Reorganization [Yahoo! Finance]

Permian Resources Corporation Class A (PR) 
Company Research Source: Yahoo! Finance
today that it has completed its previously disclosed corporate reorganization, pursuant to which Permian Resources' management team members and certain other long-term holders exchanged Class C shares for Class A shares. This transaction better aligns management ownership with public investors, enhances the ability of management team members to maintain peer-leading ownership and advances Permian Resources towards the simplification of its current Up-C structure. As previously disclosed, following the transaction, approximately 35.5 million Class C shares are outstanding, and the aggregate amount of Class A and Class C shares is unchanged. No Class A or Class C shares were sold as part of this transaction. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on driving peer-leading returns through the acquisition, optimization and development of high-return oil and natural gas properties. The Company's a Show less Read more
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