Granite Ridge Resources, Inc. Announces Grey Rock Distribution and Appointment of Two Independent Directors
Affiliates of Grey Rock Investment Partners distributed 14 million shares of Granite Ridge common stock to limited partners, reducing Grey Rock's beneficial ownership to approximately 39% and ending Granite Ridge's status as a 'controlled company' under NYSE standards. The Board of Directors expanded from seven to nine members with the appointment of Jonathan Adams and John Cocke, achieving a majority-independent composition.
Key figures
- Board size
- 9
- Shares distributed
- 14000000
- Grey rock ownership percent
- 39%
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