Chesapeake Energy reports warrant exchange results; 51-65% tendered; buyback to resume

EXPAND ENERGY Corp

Class A warrants: 51.4% tendered (4.75M); exchange ratio 0.8636 shares per warrant.
Class B warrants: 64.1% tendered (7.88M); exchange ratio 0.8224 shares per warrant.
Class C warrants: 64.8% tendered (7.25M); exchange ratio 0.7890 shares per warrant.
Settlement expected by Oct 11, 2022 (Oct 13 for guaranteed delivery).
Company intends to resume $2B share repurchase program after completion.

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