Brief: Gaslog Partners LP & Gaslog Ltd Announce Agreement To Modify Incentive Distribution Rights

GasLog Partners LP

16/11/2018 14:55

Nov 16 (Reuters) - GasLog Ltd  GLOG.N :
    * GASLOG PARTNERS SAYS GASLOG LTD & GASLOG PARTNERS LP
ANNOUNCE
AGREEMENT TO MODIFY INCENTIVE DISTRIBUTION RIGHTS - SEC FILING
    * GASLOG PARTNERS LP - MODIFICATION WILL HAVE EFFECT OF
REDUCING
GENERAL PARTNER’S IDRS ON QTRLY DISTRIBUTIONS ABOVE $0.5625 PER
UNIT FROM 48% TO 23%
    * GASLOG PARTNERS SAYS GASLOG LTD AGREED TO WAIVE IDR
PAYMENTS
RESULTING FROM ASSET OR BUSINESS ACQUIRED BY CO FROM A THIRD
PARTY
    * GASLOG PARTNERS LP - IN EXCHANGE FOR MODIFICATIONS, CO
WILL PAY
$25.0 MILLION TO GASLOG WHICH WILL BE SOURCED FROM AVAILABLE
CASH
    * GASLOG PARTNERS -  REITERATE DISTRIBUTION GROWTH GUIDANCE
OF 5%
TO 7% FOR 2018 AND 2% TO 4% FOR 2019

Source text for Eikon: [https://bit.ly/2zXcW1D]
Further company coverage:  GLOG.N 

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