DALLAS, Jan. 23, 2019 /PRNewswire/ -- EnLink
Midstream Partners, LP (NYSE: ENLK) (the Partnership or ENLK) and
EnLink Midstream, LLC (NYSE: ENLC) (the General Partner or ENLC)
announced that, at a unitholder special meeting held earlier today,
ENLK unitholders overwhelmingly voted to approve the proposed
merger agreement (dated October 21,
2018) whereby ENLC will acquire all outstanding common units
of ENLK not already owned by ENLC in a unit-for-unit exchange
transaction to simplify its corporate structure.
Approximately 91.7 percent of the total ENLK common units and
ENLK Series B Cumulative Convertible Preferred units were voted by
proxy or in person at the meeting, and, of those votes,
approximately 99.7 percent voted in favor of approving the merger
agreement.
"The Board of Directors and EnLink management thank the
unitholders for their vote, which solidifies their confidence in
the future of EnLink," said Michael J.
Garberding, EnLink President and Chief Executive Officer.
"Upon close of the transaction, EnLink will have the right
corporate structure, further strengthening our ability to create
long-term, sustainable value. EnLink is in a strong position with
our purposely built strategic asset platforms and 1,500 employees
focused on serving customers and execution excellence."
The simplification merger is expected to close on January 25, 2019.
About the EnLink Midstream Companies
EnLink provides
integrated midstream services across natural gas, crude oil,
condensate, and NGL commodities. EnLink operates in several top
U.S. basins and is strategically focused on the core growth areas
of the Permian's Midland and Delaware basins, Oklahoma's Midcontinent, and Louisiana's Gulf Coast. Headquartered in
Dallas, EnLink is publicly traded
through EnLink Midstream, LLC (NYSE: ENLC), the General Partner,
and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited
Partnership. Visit www.EnLink.com for more information on how
EnLink connects energy to life.
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of the
federal securities laws. Although these statements reflect the
current views, assumptions, and expectations of our management, the
matters addressed herein involve certain assumptions, risks, and
uncertainties that could cause actual activities, performance,
outcomes, and results to differ materially than those indicated
herein. Therefore, you should not rely on any of these
forward-looking statements. All statements, other than statements
of historical fact, included in this press release constitute
forward looking statements, including but not limited to statements
identified by the words "forecast," "may," "believe," "will,"
"should," "plan," "predict," "anticipate," "intend," "estimate,"
and "expect" and similar expressions. Such forward-looking
statements include, but are not limited to, statements about the
proposed transaction, the expected consideration to be received in
connection with the closing of the proposed transaction, the timing
of the consummation of the proposed transaction, if it will be
consummated at all, whether the structure resulting from the
proposed simplification transaction will simplify the corporate
structure, and other statements that are not historical
facts. Such statements are subject to a number of
assumptions, risks, and uncertainties, many of which are beyond the
control of ENLK and ENLC, which may cause actual results to differ
materially from those implied or expressed by the forward-looking
statements. These and other applicable uncertainties,
factors, and risks are described more fully in ENLK's and ENLC's
filings with the Securities and Exchange Commission ("SEC"),
including ENLK's and ENLC's Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q, and Current Reports on Form 8-K. Neither ENLK
nor ENLC assumes any obligation to update any forward-looking
statements.
Important Information for Investors and Unitholders
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval. In connection with the proposed transaction
referred to in this press release, on November 8, 2018, ENLC filed with the SEC a
registration statement on Form S-4, as amended on December 6, 2018, that included a preliminary
joint information statement and proxy statement of ENLC and ENLK
and that also constitutes a preliminary prospectus of ENLC. The
registration statement was declared effective by the SEC on
December 10, 2018. ENLK and ENLC
commenced mailing the definitive joint information statement/proxy
statement/prospectus to their respective unitholders on or about
December 10, 2018. This press release
is not a substitute for the joint information statement/proxy
statement/prospectus or registration statement or for any other
document that ENLC or ENLK may file with the SEC and send to ENLC's
and/or ENLK's unitholders in connection with the proposed
transaction. On January 23,
2019, ENLK's unitholders approved the Merger Agreement at a
special meeting.
INVESTORS AND SECURITY HOLDERS OF ENLC AND ENLK ARE URGED TO
READ THE JOINT INFORMATION STATEMENT/PROXY STATEMENT/PROSPECTUS AND
OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors and security holders will be able to obtain free copies
of the joint information statement/proxy statement/prospectus and
other documents filed with the SEC by ENLC or ENLK through the
website maintained by the SEC at http://www.sec.gov. Copies of the
documents filed with the SEC by ENLC and ENLK will be available
free of charge on ENLC's and ENLK's website at www.enlink.com, in
the "Investors" tab, or by contacting ENLC's and ENLK's Investor
Relations Department at 214-721-9696.
Participants in the Solicitation
ENLC and the
directors and executive officers of the managing member of ENLC and
the directors and executive officers of the general partner of ENLK
may be considered participants in the solicitation of proxies with
respect to the proposed transactions under the rules of the SEC.
Information about the directors and executive officers of the
managing member of ENLC may be found in its Annual Report on Form
10-K for the year ended December 31,
2017 filed with the SEC on February
21, 2018. Information about the directors and executive
officers of the general partner of ENLK may be found in its Annual
Report on Form 10-K for the year ended December 31, 2017 filed with the SEC on
February 21, 2018. These documents
can be obtained free of charge from the sources indicated above.
Additional information regarding the participants in the proxy
solicitations and a description of their direct and indirect
interests, by security holdings or otherwise, will also be included
in any proxy statement and other relevant materials to be filed
with the SEC when they become available.
Investor Relations: Kate
Walsh, Vice President of Investor Relations, 214-721-9696,
kate.walsh@enlink.com
Media Relations: Jill
McMillan, Vice President of Public & Industry Affairs,
214-721-9271, jill.mcmillan@enlink.com
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SOURCE EnLink Midstream Partners, LP