Attached files
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8-K - 8-K - Amplify Energy Corp. | a15-16853_18k.htm |
EX-3.1 - EX-3.1 - Amplify Energy Corp. | a15-16853_1ex3d1.htm |
Exhibit 99.1
321 SOUTH BOSTON SUITE 1000, TULSA, OK 74103
PRESS RELEASE FOR IMMEDIATE ISSUANCE
MIDSTATES PETROLEUM COMPLETES 1 FOR 10 REVERSE STOCK SPLIT
TULSA, Okla.(BUSINESS WIRE) - August 3, 2015 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 Companys 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 Companys common stock outstanding from approximately 72 million to approximately 7.2 million. In addition, the number of authorized shares of the Companys 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 Companys common stock will receive a cash payment in lieu of such fractional share.
American Stock Transfer and Trust Company, LLC, the Companys 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 Companys 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 Companys 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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Contact:
Midstates Petroleum Company, Inc.
Jason McGlynn, Investor Relations, (918) 947-4614
Jason.McGlynn@midstatespetroleum.com
Al Petrie, Investor Relations, (713) 595-9427
Al.Petrie@midstatespetroleum.com