LONDON, Sept. 13, 2017 /PRNewswire/ -- VTTI Energy
Partners LP (NYSE: VTTI) (the "Partnership") announced today that
at a special meeting of the Partnership's unitholders held earlier
today, the unitholders voted to adopt the Agreement and Plan of
Merger, dated as of May 8, 2017 (the
"Merger Agreement"), by and among the Partnership, VTTI B.V.
("VTTI"), VTTI Energy Partners GP LLC, the general partner of the
Partnership, VTTI MLP Partners B.V. and VTTI Merger Sub LLC, wholly
owned subsidiaries of VTTI, pursuant to which VTTI will become an
indirect wholly owned subsidiary of VTTI.
Approximately 98.75% of the Partnership's common units and 100%
of the Partnership's subordinated units voted at the special
meeting voted in favor of the adoption and approval of the Merger
Agreement and the transactions contemplated thereby. The votes in
favor of the Merger Agreement constituted a majority of the
Partnership's common units, other than common units held by VTTI
MLP Partners B.V. and by Stichting Administratiekantoor VTTI that
do not correspond to a vested depositary receipt issued to an
employee, consultant or director of VTTI or its affiliates, and a
majority of the VTTI subordinated units outstanding as of the
record date of the special meeting, as required for adoption and
approval of the Merger Agreement.
The merger is expected to close on September 15, 2017.
About VTTI Energy Partners LP
VTTI Energy Partners LP is a fee-based limited partnership,
formed to own, operate, develop and acquire refined petroleum
product and crude oil terminaling and related energy infrastructure
assets on a global scale. The Partnership's assets include
interests in a broad-based portfolio of six terminals that are
strategically located in energy hubs throughout the world with a
combined total storage capacity of 36 million barrels.
About VTTI B.V.
VTTI B.V. is a fee-based, growth-oriented business formed to
own, operate, develop and acquire refined petroleum product and
crude oil terminaling and related energy infrastructure assets on a
global scale. VTTI's assets include interests in a broad-based
portfolio of terminals that are strategically located throughout
the world with a combined total storage capacity of 57 million
barrels.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains "forward-looking statements." All
statements, other than statements of historical facts, that address
activities, events or developments that the Partnership expects,
projects, believes or anticipates will or may occur in the future
are forward-looking statements. You are cautioned not to rely on
these forward-looking statements, which speak only as of the date
of this press release. The Partnership undertakes no obligation and
does not intend to update these forward-looking statements to
reflect events or circumstances occurring after this press release.
These statements are based on current expectations of future
events, are not guarantees of future performance and are subject to
risks, uncertainties and other factors, some of which are beyond
the Partnership's control and are difficult to predict. These risks
and uncertainties include the risks that the proposed transaction
may not be consummated or the benefits contemplated therefrom may
not be realized. If underlying assumptions prove inaccurate
or unknown risks or uncertainties materialize, actual results could
vary materially from our expectations and projections. When
considering these forward-looking statements, you should keep in
mind the risk factors and other cautionary statements found in our
filings with the SEC, which include, but are not limited to, those
found in the Partnership's Annual Report filed on Form 20-F with
the SEC on April 28, 2017.
For additional information contact:
VTTI ENERGY PARTNERS LP:
Robert Abbott
Chief Financial Officer
Email: abb@vtti.com
Tel: +44 20 3772 0110
Additional Information and Where to Find It
This communication does not constitute a solicitation of any
vote or approval with respect to the Merger. This communication
relates to a proposed business combination between VTTI and the
Partnership. WE URGE SECURITY HOLDERS TO READ THE PROXY STATEMENT
AND THE OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND
IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT
THE PROPOSED TRANSACTION. Security holders may obtain these
materials free of charge at the SEC's website, www.sec.gov. In
addition, copies of any documents filed with the SEC may be
obtained free of charge from the Partnership's internet website for
investors at http://www.vttienergypartners.com. Investors and
security holders may also read and copy any reports, statements and
other information filed by the Partnership with the SEC at the SEC
public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at
1-800-SEC-0330 or visit the SEC's website for further information
on its public reference room.
Participation in the Solicitation of Votes
VTTI and the Partnership and their respective directors and
executive officers may be considered participants in the
solicitation of proxies in connection with the proposed
transaction. Information regarding the Partnership's
directors and executive officers is available in its Annual Report
on Form 20-F for the year ended December 31,
2016, filed with the SEC on April 28,
2017. Other information regarding the participants in the
proxy solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, are contained in the
proxy statement and other relevant materials filed with the
SEC.
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SOURCE VTTI Energy Partners LP
