SemGroup® Corporation (“SemGroup” or the “Company”) emerged from Chapter 11 as a newly reorganized public company effective November 30, 2009. SemGroup’s creditors will receive distributions of the Company’s common stock and common stock warrants as well as cash and interests in a litigation trust.
SemGroup’s common stock and common stock warrants are not registered with the Securities and Exchange Commission (“SEC”), nor are they listed with any national securities exchange. However, the Company anticipates that a limited trading market in SemGroup common stock may develop in the over-the-counter market with prices published in the “Pink Sheets.” The Pink Sheets is a centralized quotation service that collects and publishes market maker quotes for over-the-counter securities.
The Company expects to register its common stock with the SEC and list its common stock with a national securities exchange sometime around the middle of 2010. Prior to such time, the Company does not expect to release any information with respect to its financial results.
For further information concerning the Company, please refer to the Company’s Disclosure Statement for the Fourth Amended Joint Plan of Reorganization. Parts VI.E. and Exhibit E of the Disclosure Statement include detailed financial information. The Disclosure Statement is available at the following website:
www.kccllc.net/semgroup
Once at the site, select the “Court Documents” tab on the left side of the screen. From there, scroll down through the documents to:
Date filed: 9/25/09
Case # /ID: 0811525-8775
Court Docket#: 5809