Ocean Rig UDW announces 1-for-9,200 reverse stock split
Ocean Rig UDW announced that its Board of Directors has determined to effect a 1-for-9,200 reverse stock split of the Company's common shares. At the Company's annual general meeting of shareholders on April 24 the Company's shareholders approved the reverse stock split and granted the Board, or a duly constituted committee thereof, the authority to determine the exact split ratio and proceed with the reverse stock split. The reverse stock split will take effect as of 5:00 P.M., New York City time, on September 21 and the Company's common stock will begin trading on a split-adjusted basis on Nasdaq as of the opening of trading on September 22 under the existing trading symbol "ORIG". The new CUSIP number for the common stock following the reverse stock split will be G66964118.