Each one in plain English, with the numbers worked through for a shareholder.
5 Sept 2012substantial holder notice● Neutral
PostRock Energy Corporation, Constellation Energy Partners Management, LLC, White Deer Energy L.P, White Deer Energy TE L.P, White Deer Energy FI L.P, Edelman & Guill Energy L.P, Edelman & Guill Energy Ltd, Thomas J. Edelman, Ben A. Guill reported a Evolve Transition Infrastructure LP shareholding of 5,918,894 shares (25.00% of votes) in a periodic institutional filing.
The performance grants made to executives two months earlier were cancelled by mutual agreement and replaced. Targets set in April 2012 had already become unreachable.
The four executives' employment agreements were amended and restated - a routine refresh, though the terms of retention matter more at a partnership whose units had just traded under $2.
Rather than keep fighting the $3.00 minimum, the partnership moved its listing from NYSE Arca to NYSE Amex, where the standard did not apply. A solution to the symptom.
The units closed at $1.96 against NYSE Arca's $3.00 minimum, having been below it for over thirty days. The exchange waived the requirement this time - the first listing problem in what became more than a decade of them.
Constellation Energy Group, Inc, Constellation Energy Partners Holdings, LLC reported no remaining Evolve Transition Infrastructure LP shareholding in its periodic institutional filing.
PostRock Energy Corporation, Constellation Energy Partners Management, LLC, White Deer Energy L.P, White Deer Energy TE L.P, White Deer Energy FI L.P, Edelman & Guill Energy L.P, Edelman & Guill Energy Ltd, Thomas J. Edelman, Ben A. Guill reported a Evolve Transition Infrastructure LP shareholding of 5,918,894 shares (24.90% of votes) in a periodic institutional filing.
Constellation Energy Group, Inc, Constellation Energy Partners Holdings, LLC reported a Evolve Transition Infrastructure LP shareholding of 2,790,224 shares (11.74% of votes) in a periodic institutional filing.
Constellation Energy Group, Inc, Constellation Energy Partners Holdings, LLC reported a Evolve Transition Infrastructure LP shareholding of 5,918,894 shares (24.90% of votes) in a periodic institutional filing.
The lenders extended the $350 million facility's maturity by a year to November 2013. Breathing room rather than new money, at a point when natural gas was heading below $3.
Morgan Stanley I.R.S. #, Morgan Stanley Strategic Investment reported a Evolve Transition Infrastructure LP shareholding of 1,068,367 shares (4.50% of votes) in a periodic institutional filing.