Delaware Chancery Court Judge Paul Fioravanti found Tuesday there was no dispute the official stock certificate covering 1,000 shares of Citgo's US parent was lost or destroyed.
Under the terms of the agreement, Civitas issued Vencer 7,181,527 shares of common stock and $1 billion of cash, with a $550 million deferred cash payment due to Vencer on January 3, 2025.