Chesapeake Energy: Reverse Split Growth

Dear Client,

A Certificate of Amendment to the Company's Restated Certificate of Incorporation that gives effect to the reverse stock split and the authorized shares reduction has been filed with the Oklahoma Secretary of State and becomed effective at 5:00 p.m. Central Time on April 14, 2020. The Company's common stock have begin trading on a split-adjusted basis on the New York Stock Exchange (NYSE) at the market open on April 15, 2020.

Basically it means that 200 CHK shares were combined into 1 new share, which, in turn, has led to enormous price surge.

Based on this and taking into account the rules for trading CFD margin instruments, the company adjusts the financial results of clients for those trading positions that were opened earlier than the start of trading on April 15, 2020 by 200:1.

If you have any questions, please write to us at support@global-fx.com.