GasLog Partners LP announced that at a special meeting of the common unitholders of the Partnership (the âcommon unitholdersâ) held on July 7, 2023. Pursuant to the terms of the Agreement and Plan of Merger, dated as of April 6, 2023 (the âMerger Agreementâ), by and among the Partnership, GasLog GP LLC, the general partner of the Partnership (the âGeneral Partnerâ), Parent and Saturn Merger Sub LLC, a direct wholly owned subsidiary of Parent, on July 7, 2023, the board of directors of the Partnership approved and declared a special cash distribution of $3.28 per common unit (with a corresponding amount distributed in respect of each General Partner Unit (as defined in the Merger Agreement)) (the âSpecial Distributionâ). The Special Distribution will be paid on July 12, 2023 (the âSpecial Distribution Payment Dateâ) to the General Partner and all common unitholders of record as of July 10, 2023 (the âSpecial Distribution Record Dateâ), subject to the applicability of due-bill trading.
Due to the size of the Special Distribution, as required by the rules of the New York Stock Exchange (the âNYSEâ), during the period beginning July 7, 2023, one business day prior to the Special Distribution Record Date, through the Special Distribution Payment Date, the common units will be traded with âdue billsâ, representing an assignment of the right to receive the Special Distribution (such period of time, the âDue-bill Periodâ).