AUSTIN, Texas, Jan. 08, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has approved an extension of the conversion window for holders of the Company’s 8.0% Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”). On November 26, 2018, the Company issued a Fundamental Change notice to holders of the Preferred Stock in conjunction with the delisting of the Company’s Class A common stock from the New York Stock Exchange, giving such holders special rights to convert shares of Preferred Stock to Class A Common Stock at a premium to the existing conversion rate until January 14, 2019. The special rights conversion end date has now been extended to February 1, 2019.
Holders of the Preferred Stock can contact their broker for additional information and to initiate a conversion.
About Jones Energy
Jones Energy, Inc. is an independent oil and natural gas company engaged in the exploration and development of oil and natural gas properties in the Anadarko basin of Oklahoma and Texas. Additional information about Jones Energy may be found on the Company’s website at: www.jonesenergy.com.
Investor Contact:
Page Portas, 512-493-4834
Investor Relations
ir@jonesenergy.com