Cobalt board approves 1-for-15 reverse stock split
Cobalt International Energy announced that its board of directors has approved a 1-for-15 reverse stock split of Cobalt's issued and outstanding shares of common stock, which will become effective upon the filing and effectiveness of a Certificate of Amendment to Cobalt's Second Amended and Restated Certificate of Incorporation after the market closes on or about June 23, 2017. Trading on a split adjusted basis is planned to begin when the market opens on June 26, 2017. No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise be entitled to receive a fractional share of Cobalt's common stock will receive a full share in lieu of such fractional share. Following the reverse split, Cobalt's shares of common stock will continue to trade on the New York Stock Exchange under the symbol "CIE." 19075F 304 will be the new CUSIP number under which Cobalt's common stock will trade following the reverse stock split.