Civeo Corporation (NYSE:CVEO, Financial) (the “Company” or “Civeo”) announced today that its Board of Directors has approved the implementation of a 1-for-12 reverse share split of the Company’s common shares (the “Common Shares”). The Company’s shareholders previously approved a proposal authorizing the Board of Directors to implement the reverse share split at the 2020 annual meeting. The 1-for-12 reverse share split will be effective as of 5:00 p.m. Eastern Time on November 19, 2020, and the Company’s Common Shares will begin trading on a split-adjusted basis at the market opening on November 20, 2020. Civeo’s Common Shares will continue to trade on the NYSE under the symbol “CVEO.”
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