LONDON, Jan. 31, 2017 /PRNewswire/ -- VTTI Energy
Partners LP (NYSE: VTTI) today announced that the board of
directors of its general partner has declared a quarterly cash
distribution of $0.3360 per common
unit for the fourth quarter of 2016. This corresponds to an
annualized distribution of $1.3440
per unit. The cash distribution will be paid on February 10, 2017 to unitholders of record as of
the close of business on February 6,
2017.
VTTI also announced that it expects to release its financial
results for the fourth quarter 2016 before opening of the market on
Tuesday, February 7, 2017. VTTI
additionally plans to host a conference call and webcast to discuss
the results that morning at 9:00 am
ET (2:00 pm GMT).
Participants may listen to the conference call by dialing:
US toll free: +1-888-349-0104
UK toll free: 0-800-279-9489
International dial in: +1-412-902-0130
The event may also be accessed via audio webcast at:
https://www.webcaster4.com/Webcast/Page/1124/19624
Beginning one hour after the call, an archived recording of the
webcast will be available on VTTI's Investor Relations webpage at:
http://www.vttienergypartners.com/events-presentations.php. This
archived recording will be available for 30 days.
Change of Directors
Following completion of the
acquisition by Buckeye Partners, L.P. of a 50 percent equity
interest in the holding company of VTTI B.V., on January 4th, 2017, Messrs. David Bernard Fransen and Francis Michael Brenner have both resigned as
Directors of the Board of Directors of the general partner of the
Partnership (the "Board"). Effective on the same date, Messrs.
Keith E. St.Clair and Khalid A. Muslih have been appointed as
Directors of the Board.
Mr. Muslih is Executive Vice President of Buckeye GP and
President, Global Marine Terminals. Mr. Muslih also serves as a
director of Buckeye Texas Partners LLC, which owns and operates
midstream assets, a condensate splitter and LPG storage complex in
Corpus Christi, Texas as well as
crude oil and condensate gathering facilities in the Eagle Ford
shale. He joined Buckeye in June 2007.
Mr. St.Clair is Executive Vice President and CFO of
Buckeye GP. He joined Buckeye in November 2008.
About VTTI Energy Partners LP
VTTI Energy Partners LP
is a fee-based, growth-oriented 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 key energy hubs throughout the world with a combined
total storage capacity of 35.7 million barrels / 5.6 million m3
capacity. The Partnership's common units trade on the New York
Stock Exchange under the symbol "VTTI."
Forward Looking Statements
This press release includes
statements that may constitute forward-looking statements. These
forward-looking statements involve risks and uncertainties. When
considering these forward-looking statements, you should keep in
mind the risk factors and other cautionary statements in VTTI's
registration statement filed with the U.S. Securities and Exchange
Commission, which is available via the SEC's website at
www.sec.gov. VTTI undertakes no obligation and does not intend to
update these forward-looking statements to reflect events or
circumstances occurring after this press release. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release.
Contacts
VTTI Energy Partners LP
Robert Abbott, Chief Financial
Officer
+44 20 3772 0110
Hill + Knowlton Strategies New York
Joel Moore
+1 212 885 0468
Hill + Knowlton Strategies Amsterdam
Tanno Massar
+31 20 4044707
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