Piraeus, Greece, June 07, 2021 (GLOBE NEWSWIRE)
-- GasLog Ltd. (“GasLog” or the “Company”) (NYSE: GLOG) today announced that at a special general meeting of the shareholders of the Company held on June 4, 2021, its shareholders voted to approve the proposed transaction with BlackRock’s Global Energy & Power Infrastructure team.
Pursuant to the terms of the Agreement and Plan of Merger, dated as of February 21, 2021 (subsequently amended on April 20, 2021, the ‘‘Merger Agreement’’), by and among the Company, GEPIF III Crown Bidco L.P., a Cayman Islands exempted limited partnership (‘‘Parent’’), and GEPIF III Crown MergerCo Limited, a Bermuda exempted company and a wholly owned subsidiary of Parent, approval of the transaction required the affirmative vote in favor of the proposed transaction and related agreements by both (1) the holders of a majority of the voting power of the outstanding GasLog common shares and GasLog preference shares entitled to vote thereon, voting together as a single class (and with each GasLog preference share carrying a single vote), and (2) the holders of a majority of the GasLog common shares held by the Public Shareholders (as defined in the Merger Agreement) and present (in person or by proxy) at the special general meeting. The number of votes cast for and against, as well as abstentions, with respect to the proposal to approve the proposed transaction and related agreements is set out below:
The voting results of the holders of the outstanding GasLog common shares and GasLog preference shares entitled to vote thereon, voting together as a single class (and with each GasLog preference share carrying a single vote), are as follows:
FOR
71,278,236 | | | AGAINST
3,297,973 | | | ABSTAIN
85,459 | |
The voting results of the holders of the GasLog common shares held by the Public Shareholders and present (in person or by proxy) at the special general meeting are as follows:
FOR
17,322,999 | | | AGAINST
2,982,398 | | | ABSTAIN
54,452 | |
Upon consummation of the transaction, holders of GasLog common shares (other than any shares that, as of immediately prior to the effective time of the transaction, are held by (i) the Rolling Shareholders (as defined in the Merger Agreement), (ii) any direct or indirect wholly owned subsidiary of the Company or (iii) the Company as treasury shares) will receive $5.80 in cash, without interest, for each GasLog common share. The transaction is currently anticipated to close on or about June 9, 2021.