Plains GP Holdings, L.P. (NYSE: PAGP)
announced today it will hold a special meeting of shareholders on
Tuesday, November 15, 2016. At the special meeting, the Company's Class
A and Class B shareholders will meet to consider and vote upon a
proposal to approve the previously announced Simplification Agreement,
dated July 11, 2016 (the "Simplification Agreement"), by and among PAGP,
PAA GP Holdings LLC ("PAGP GP"), Plains AAP, L.P., Plains All American
GP LLC ("GP LLC"), Plains All American Pipeline, L.P. (NYSE: PAA), and
PAA GP LLC, and related transactions (the "Transactions"). Shareholders
of record as of the close of business on September 30, 2016 will be
entitled to vote at the special meeting.
Additional Information and Where to Find It
PAGP has filed a proxy statement and other documents with the Securities
and Exchange Commission ("SEC") in relation to the Simplification
Agreement and the Transactions. Investors are urged to read these
documents carefully because they contain important information regarding
PAGP, the Simplification Agreement and the Transactions. A definitive
proxy statement will be sent to shareholders of PAGP as of the record
date seeking their approvals as contemplated by the Simplification
Agreement. Investors may obtain a free copy of the proxy statement and
other documents containing information about PAGP without charge, at the
SEC's website at www.sec.gov.
Copies of the documents filed with the SEC by PAGP will be available
free of charge on PAGP's website at ir.pagp.com
or by contacting PAGP's Investor Relations Department at (866) 809-1291.
Participants in the Solicitation
PAGP and the directors and executive officers of its general partner
("PAGP GP"), and PAA and the directors and executive officers of GP LLC
may be deemed to be "participants" in the solicitation of proxies from
PAGP's shareholders in connection with the Simplification Transaction.
Information about the directors and executive officers of PAGP GP is set
forth in PAGP's Annual Report on Form 10-K and information about the
directors and executive officers of GP LLC is set forth in PAA's Annual
Report on Form 10-K, which were each filed with the SEC on February 25,
2016, and PAGP's and PAA's subsequent Quarterly Reports on Form 10-Q.
These documents can be obtained free of charge from the sources
indicated above. Other information regarding the participants in the
proxy solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, are contained in the proxy
statement that PAGP has filed with the SEC.
About Plains GP Holdings, L.P.
PAGP is a publicly traded entity that owns an interest in the general
partner and incentive distribution rights of PAA, one of the largest
energy infrastructure and logistics companies in North America. PAGP is
headquartered in Houston, Texas.
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Plains All American Pipeline, L.P. and
Plains GP Holdings
Ryan
Smith, 866-809-1291
Director, Investor Relations