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AI English summary of an SEC filing — figures as filed

ONEOK logoONEOK OKE

The company said it and EnLink Midstream will hold the EnLink special meeting of unitholders virtually at 10 a.m. Central Time (11 a.m. Eastern Time) on January 30, 2025. Unitholders of record as of the close of business on December 23, 2024 will be entitled to vote.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it and EnLink Midstream will hold the EnLink special meeting of unitholders virtually at 10 a.m. Central Time (11 a.m. Eastern Time) on January 30, 2025. Unitholders of record as of the close of business on December 23, 2024 will be entitled to vote.

  2. ONEOK said the EnLink board and its conflicts committee unanimously recommend that unitholders vote FOR all proposals. The company said it has committed to vote its EnLink common units in favor of the transaction.

  3. ONEOK said it will acquire all EnLink common units it does not already own in a tax-free transaction, converting each 1 of those units into 0.1412 ONEOK common shares, as announced on November 24, 2024. The company said completion requires approval by a majority of EnLink's outstanding common units, including those ONEOK owns.

  4. ONEOK said it expects the transaction to close in Q1 2025, subject to approval by EnLink unitholders and other customary closing conditions. The company said no ONEOK shareholder vote is required to complete the transaction.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

EnLink Special Meeting Schedule

The company said it and EnLink Midstream will hold the EnLink special meeting of unitholders virtually at 10 a.m. Central Time (11 a.m. Eastern Time) on January 30, 2025. Unitholders of record as of the close of business on December 23, 2024 will be entitled to vote.

Source · Based on the filing body and exhibits

Unanimous EnLink Board Recommendation to Vote FOR

ONEOK said the EnLink board and its conflicts committee unanimously recommend that unitholders vote FOR all proposals. The company said it has committed to vote its EnLink common units in favor of the transaction.

Source · Based on the filing body and exhibits

Transaction Terms and Exchange Ratio

ONEOK said it will acquire all EnLink common units it does not already own in a tax-free transaction, converting each 1 of those units into 0.1412 ONEOK common shares, as announced on November 24, 2024. The company said completion requires approval by a majority of EnLink's outstanding common units, including those ONEOK owns.

Source · Based on the filing body and exhibits

Closing timing and ONEOK shareholder vote

ONEOK said it expects the transaction to close in Q1 2025, subject to approval by EnLink unitholders and other customary closing conditions. The company said no ONEOK shareholder vote is required to complete the transaction.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.