Stone Energy gets approval to list warrants; trading to begin Friday

By Marisa Wong

Morgantown, W.Va., March 9 – Stone Energy Corp. said it received approval to list its warrants with the Cusip number 861642114 on the NYSE MKT under the ticker symbol “SGYWS.” Trading is expected to begin on Friday, according to a press release.

The four-year warrants have an exercise price of $42.04 per share.

As previously disclosed, the warrants were issued to holders of Stone’s pre-emergence common stock upon the company’s emergence from Chapter 11 reorganization.

The company filed for bankruptcy on Dec. 14 under Chapter 11 case number 16-36390. Its second amended joint pre-packaged plan of reorganization was confirmed on Feb. 15 by the U.S. Bankruptcy Court for the Southern District of Texas.

Stone Energy is a Lafayette, La., oil and gas exploration and production company.

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