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     421  0 Kommentare Pembina & Veresen Announce Common Shareholder Consideration Election Results

    CALGARY, ALBERTA--(Marketwired - Sept. 22, 2017) - Pembina Pipeline Corporation (TSX:PPL)(NYSE:PBA) ("Pembina") and Veresen Inc. (TSX:VSN) ("Veresen") have announced the results of elections by Veresen common shareholders ("Shareholders") to receive either Pembina common shares or cash pursuant to the previously announced plan of arrangement (the "Arrangement").

    Based on elections received and applicable pro rationing, each Shareholder who elected cash will receive (i) cash in an amount equal to approximately $6.4314, and (ii) approximately 0.2809 of a Pembina common share, in each case multiplied by the number of Veresen common shares held by such shareholder. Shareholders who elected Pembina common shares or did not make an election will not be subject to pro-rationing and will receive 0.4287 of a Pembina common share for each Veresen common share held. No fractional Pembina shares will be issued pursuant to the Arrangement and therefore the consideration received by any individual shareholder may be subject to adjustment according to the provisions for rounding described in the management information circular of Veresen dated June 5, 2017. Based on the pro rationing described herein, total consideration for the acquisition of Veresen common shares shall consist of approximately $1.5225 billion in cash and approximately 99.466 million common shares of Pembina. Receipt of any consideration by Shareholders remains subject to the closing of the Arrangement, which, in turn, remains subject to approval under the Competition Act (Canada).

    About Pembina

    Calgary-based Pembina is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns and operates an integrated system of pipelines that transport various products derived from natural gas and hydrocarbon liquids produced primarily in western Canada. The Company also owns and operates gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Pembina's integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina is committed to working with its community and aboriginal neighbours, while providing value for investors in a safe, environmentally responsible manner. This balanced approach to operating ensures the trust Pembina builds among all of its stakeholders is sustainable over the long term. Pembina's common shares trade on the Toronto and New York stock exchanges under the symbols PPL and PBA, respectively. Pembina's preferred shares also trade on the Toronto stock exchange. For more information, visit www.pembina.com.

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    Pembina & Veresen Announce Common Shareholder Consideration Election Results CALGARY, ALBERTA--(Marketwired - Sept. 22, 2017) - Pembina Pipeline Corporation (TSX:PPL)(NYSE:PBA) ("Pembina") and Veresen Inc. (TSX:VSN) ("Veresen") have announced the results of elections by Veresen common shareholders ("Shareholders") to receive …

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