8 May 2019listing compliance notice▼ BadMajor
Jones Energy, Inc. terminated the registration of a class of securities, ending its reporting obligation for them.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 May 2019bankruptcy or receivership▼ BadMajor
On May 6, 2019 the bankruptcy court confirmed Jones Energy's reorganization plan. Existing Class A common stock (7,107,520 shares at the petition date) and Series A preferred stock (518,655 shares) get no distribution and will be cancelled on the plan's effective date, which has not yet happened. First lien noteholders get 96% of the new common stock, and holders of the 6.75% 2022 and 9.25% 2023 unsecured notes get 4% plus warrants for 15%; the plan also provides for exit financing of up to $20.0M and a management incentive pool of 5%. This resolves the open question about shareholder treatment: existing shareholders are wiped out.
22 Apr 2019securities registration● Neutral
Jones Energy, Inc. amended an already-effective registration statement.
22 Apr 2019securities registration● Neutral
Jones Energy, Inc. amended an already-effective registration statement.
22 Apr 2019securities registration● Neutral
Jones Energy, Inc. amended an already-effective registration statement.
19 Apr 2019security holder rights change● Neutral
On April 16, 2019 the bankruptcy court approved rules for shareholders in the Chapter 11 case: large holders of Jones Energy common or preferred stock must give notice before buying, selling or otherwise transferring shares, or before claiming the shares are worthless for tax purposes. Transfers or worthlessness declarations that break the rules are void, and the Debtors can waive the restrictions. The filing does not say what the plan will do for shareholders.
15 Apr 2019bankruptcy or receivership▼ BadMajor
On April 14, 2019 Jones Energy and its subsidiaries filed Chapter 11 in the Southern District of Texas, under a prepackaged plan backed by a Restructuring Support Agreement signed April 2, 2019 with some holders of its debt and equity. The filing accelerated $450M of first-lien notes, $409.148M of 6.75% notes due 2022 and $150M of 9.25% notes due 2023, though enforcement is stayed. The revolver was terminated with no borrowings outstanding. This filing does not say what happens to current shareholders; the filing says only that operations continue as debtors-in-possession.
8 Apr 2019substantial holder notice● Neutral
Morgan Stanley I.R.S. #, Morgan Stanley Capital Services LLC reported a Jones Energy, Inc. shareholding of 48,075 shares (0.80% of votes) in a periodic institutional filing.
2 Apr 2019director interest notice● Neutral
Jones Energy, Inc. SVP and COO Goehring Kirk had 389 shares withheld for taxes on vesting stock.
2 Apr 2019director interest notice● Neutral
Jones Energy, Inc. SVP and CFO Hester Thomas had 237 shares withheld for taxes on vesting stock.
29 Mar 2019director interest notice● Neutral
Jones Energy, Inc. director Jones Jonny disposed of 162,584 shares via option/appreciation-right settlement.
22 Mar 2019director interest notice● Neutral
Jones Energy, Inc. director Jones Jonny disposed of 181,802 shares via option/appreciation-right settlement.
22 Feb 2019substantial holder notice● Neutral
Q Global Capital Management, L.P disclosed a new substantial Jones Energy, Inc. shareholding (9.10% of votes).
19 Feb 2019substantial holder notice● Neutral
Citadel Securities LLC, CALC III LP, Citadel Securities GP LLC, Citadel Advisors LLC, Citadel Advisors Holdings LP, Citadel GP LLC, Kenneth Griffin disclosed a new substantial Jones Energy, Inc. shareholding (4.20% of votes).
12 Feb 2019substantial holder notice● Neutral
Morgan Stanley I.R.S. #, Morgan Stanley Capital Services LLC reported a Jones Energy, Inc. shareholding of 338,400 shares (6.60% of votes) in a periodic institutional filing.
27 Dec 2018substantial holder notice● Neutral
JVL Advisors, LLC, John V. Lovoi, Navitas Fund LP, Luxiver, LP, Hephaestus Energy Fund, LP, Asklepios Energy Fund, LP, Panakeia Energy Fund, LP, Children's Energy Fund, LP, LVPU, LP reported a Jones Energy, Inc. shareholding of 812,412 shares (16.34% of votes) in a periodic institutional filing.
26 Dec 2018director interest notice● Neutral
Jones Energy, Inc. 10%+ owner Jvl Advisors, L.l.c. sold 81,000 shares.
13 Dec 2018listing compliance notice● NeutralMajor
Jones Energy, Inc.'s exchange filed to remove a class of its securities from listing.
29 Nov 2018substantial holder notice● Neutral
Fir Tree Capital Management LP reported a Jones Energy, Inc. shareholding of 143,652 shares (2.90% of votes) in a periodic institutional filing.
26 Nov 2018listing compliance notice▼ BadMajor
On November 26, 2018 the NYSE said Jones Energy's average market value over 30 trading days was under the $15M minimum. The company moved its Class A shares to the OTCQX from November 27, 2018, keeping the JONE ticker and its SEC reporting. The filing warns this could reduce liquidity and the company's ability to raise equity, and the company says it intends to seek relisting on a national exchange later. This supersedes the earlier price-based listing issue and reverse split plan. Carl F. Giesler, Jr. signs as CEO, a change from Jonny Jones in the earlier record.
9 Nov 2018director interest notice● Neutral
Lewis Tara became a Jones Energy, Inc. director and company insider (initial ownership filing).
9 Nov 2018director interest notice● Neutral
Wells Louis Spencer became a Jones Energy, Inc. director and company insider (initial ownership filing).
9 Nov 2018director interest notice● Neutral
Hester Thomas became a Jones Energy, Inc. VP of Finance and Secretary and company insider (initial ownership filing).
9 Nov 2018director interest notice● Neutral
Goehring Kirk became a Jones Energy, Inc. Vice President of Strategy and company insider (initial ownership filing).
2 Nov 2018quarterly activities report▼ Bad
Jones Energy, Inc. reported quarterly revenue of $59.7 million and a net loss of $33.1 million for the period ended 2018-09-30.
3 Oct 2018director interest notice● Neutral
Jones Energy, Inc. director Jones Jonny disposed of 138,116 shares via option/appreciation-right settlement.
10 Aug 2018substantial holder notice● Neutral
Fir Tree Capital Management LP reported a Jones Energy, Inc. shareholding of 5,683,623 shares (5.80% of votes) in a periodic institutional filing.
10 Aug 2018director interest notice● Neutral
Jones Energy, Inc. Executive VP - Geosciences Tanner Jeffrey Alan received 585,938 shares as part of the equity award.
10 Aug 2018director interest notice● Neutral
Jones Energy, Inc. Chief Executive Officer Giesler Carl Fredrick received 3,000,000 shares as part of the equity award.
8 Aug 2018quarterly activities report▼ Bad
Jones Energy, Inc. reported quarterly revenue of $59.7 million and a net loss of $33.1 million for the period ended 2018-09-30.