Jefferies completes spin-off of Vitesse Energy; 26.6M shares distributed at ratio of 1 VTS per 8.49668 JEF shares

Jefferies Financial Group Inc.

Distribution effective Jan 13, 2023; record date Dec 27, 2022.
Shareholders received 1 Vitesse share for every 8.49668 Jefferies shares.
Approximately 26.6 million Vitesse shares distributed (94.37% of outstanding).
Vitesse begins trading regular-way Jan 17 on NYSE under ticker VTS.
Vitesse now an independent, publicly traded non-operator oil and gas company.

item 1.01 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

Jefferies Financial Group Inc. entered into Tax Matters Agreement with Vitesse Energy, Inc. (effective 2023-01-13).

Action: entry
Agreement: supply
Counterparty: Vitesse Energy, Inc.
Effective: 2023-01-13

Exact text from the filing

On January 13, 2023, in connection with the Spin-Off, the Company entered into several agreements with Vitesse and other related parties that set forth the principal actions taken or to be taken in connection with the Spin-Off and that govern the relationship of the parties following the Spin-Off, including a Separation and Distribution Agreement and a Tax Matters Agreement.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

Jefferies Financial Group Inc. entered into Separation and Distribution Agreement with Vitesse Energy, Inc. (effective 2023-01-13).

Action: entry
Agreement: supply
Counterparty: Vitesse Energy, Inc.
Effective: 2023-01-13

Exact text from the filing

On January 13, 2023, in connection with the Spin-Off, the Company entered into several agreements with Vitesse and other related parties that set forth the principal actions taken or to be taken in connection with the Spin-Off and that govern the relationship of the parties following the Spin-Off, including a Separation and Distribution Agreement and a Tax Matters Agreement.

View on SEC.gov

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Jefferies Financial Group Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-008896

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