Tourlite calls on GasLog Partners board to reconsider $8.65 per share offer

Tourlite Capital Management sent a letter to the Board of Directors of Gaslog Partners, which read in part: "We are writing on behalf of Tourlite Capital Management, LP and our affiliates. Tourlite is a shareholder of GasLog Partners LP. We have deep conviction in the extraordinary value of GasLog and its assets. We urge the Board of Directors and the Board’s Conflicts Committee to reconsider the current price offered for GasLog, which significantly underestimates the fair value of the assets. We believe the current offer of $8.65 per share is a disservice to shareholders. Tourlite estimates a fair value between $10.00 – $12.00 per share, a ~16% – 39% premium to the current offer. We urge shareholders to vote against the current offer…Based on our detailed analysis and our estimate of fair value, Tourlite plans to vote AGAINST the current bid of $8.65 and urge fellow shareholders to do the same.As a next step, we look forward to discussing our recommendations with you over the next several weeks. Our goal is to align the interests of all parties, and Tourlite would welcome the opportunity to engage closely with the Board of Directors and management throughout this process. Tourlite greatly appreciates the Board’s time in considering our thoughts and analysis. We strongly believe reconsidering the current offer is in the best interest of the Company’s shareholders. For full disclosure, Tourlite and its affiliates own shares of GasLog and GasLog Preferred and stand to benefit if the share price increases."