Each one in plain English, with the numbers worked through for a shareholder.
13 Mar 2014substantial holder notice● Neutral
/ Global Undervalued Securities Master, / Kleinheinz Capital Partners, Inc, / . John B. Kleinheinz, / Fred N. Reynolds reported a GASTAR EXPLORATION, INC. shareholding of 4,465,997 shares (7.20% of votes) in a periodic institutional filing.
/ Global Undervalued Securities Master, / Kleinheinz Capital Partners, Inc, / . John B. Kleinheinz, / Fred N. Reynolds reported a GASTAR EXPLORATION, INC. shareholding of 4,275,000 shares (7.00% of votes) in a periodic institutional filing.
On February 14, 2014 NYSE MKT filed a form (25-NSE/A) relating to the common shares of Gastar Exploration Ltd., the old Alberta-era shares. The filing text gives no reason or detail; an inference is that it is administrative cleanup tied to the earlier Delaware move and planned merger, and it does not by itself say shareholders lose their position.
Global Undervalued Securities Master Fund, L.P, Kleinheinz Capital Partners, Inc, John B. Kleinheinz, Fred N. Reynolds disclosed a new substantial GASTAR EXPLORATION, INC. shareholding (6.80% of votes).
The final version of the proxy was filed December 16, 2013, for the January 22, 2014 special meeting on merging the parent into Gastar Exploration USA at one share for one share. It adds the November 29, 2013 record date detail already planned, a December 13 closing price of $5.28, and a mailing date of about December 20. It is the finalized version of the earlier draft, and a majority of outstanding shares must approve it.
In a preliminary proxy filed December 2, 2013, Gastar proposed merging the parent company into its subsidiary Gastar Exploration USA to remove the holding-company layer, with a special meeting set for January 22, 2014. Shareholders would receive one share of the subsidiary for each share held, the merger is generally tax-free for US holders, the Series A and Series B preferred stock would stay outstanding, and the ticker GST on NYSE MKT would stay the same. This is a draft; the closing price and mailing date were left blank.
15 Nov 2013asset acquisition disposition● NeutralMajor
On November 14, 2013 Gastar completed moving its legal home from Alberta, Canada to Delaware and renamed itself Gastar Exploration, Inc. Each old common share converted automatically into one new share (par value $0.001), and the stock keeps trading on NYSE MKT under GST. This follows shareholder approval on August 1, 2013, and the filing describes it as a change of legal structure, not a change to the business.
Global Undervalued Securities Master Fund, L.P, Global Undervalued Securities Fund, L.P, Kleinheinz Capital Partners, Inc, Kleinheinz Capital Partners LDC, John Kleinheinz disclosed a new substantial GASTAR EXPLORATION, INC. shareholding (5.60% of votes).
GASTAR EXPLORATION, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
GASTAR EXPLORATION, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
GASTAR EXPLORATION, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
GASTAR EXPLORATION, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).