trending Market Intelligence /marketintelligence/en/news-insights/trending/MuKt63cegy_aXEYYcCpA7Q2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Yorktown Energy Partners distributes 500,000 Ramaco shares to partners


Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge


COVID-19 Impact & Recovery: Private Equity


Utility sector progressing on gender diversity, but experts say more work needed

State and Federal Policy Roundtable – A Green Administration?

Yorktown Energy Partners distributes 500,000 Ramaco shares to partners

Yorktown Energy Partners IX LP made an in-kind distribution of 500,000 shares of Ramaco Resources Inc.'s common stock to its general and limited partners after the market closed on May 29.

The firm also told Ramaco that the distributed shares, about 1.2% of the outstanding total, could be sold immediately under its partnership agreement, but Ramaco had not confirmed whether any had been sold, according to a May 30 release.

After the distribution, Yorktown IX holds 11,471,525 Ramaco shares, or about 28.1% of its total outstanding shares. Yorktown Energy Partners X LP holds 3,692,881 shares, or 9.0%, and Yorktown Energy Partners XI LP holds 5,587,128 shares, or 13.7%. All told, those Yorktown funds hold 50.8% of the company following the distribution.

Yorktown also told Ramaco that its funds may make similar distributions down the line. It made an in-kind distribution of 1 million shares of the coal producer in late March, bringing the combined Yorktown ownership to 52%.

Yorktown Energy Partners IX is a fund managed by Yorktown Partners LLC.