KLX Inc. Completes Spin-Off of KLX Energy Services Holdings, Inc.
17 September 2018 - 9:00PM
KLX Inc. (“KLX” or the “Company”) (NASDAQ: KLXI) announced today
that it has completed the previously announced spin-off of KLX
Energy Services Holdings, Inc. (“KLX Energy Services”) (NASDAQ:
KLXE) from KLX. At 11:59 p.m. Eastern time on September 14, 2018,
KLX distributed all outstanding shares of KLX Energy Services
common stock to KLX shareholders at a distribution ratio of 0.4
shares of KLX Energy Services common stock for every one share of
KLX common stock held on the September 3, 2018 record date.
Starting today, September 17, 2018, KLX common
stock will no longer include the value of KLX Energy Services.
CONTACT:Michael
PerlmanDirector, Investor RelationsKLX Inc.(561) 791-5435
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