Legacy Reserves: Legacy Reserves Inc. and Legacy Reserves LP Announce Completion of Corporate Reorganization

MIDLAND, Texas, Sept. 20, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") and Legacy Reserves LP (the "Partnership") (NASDAQ: LGCY) announced today the completion of the previously announced corporate reorganization of the Partnership, pursuant to which the unitholders and holders of preferred units of the Partnership became stockholders of Legacy, which will be a publicly-traded corporation (the "Transaction"). At the Partnership's special meeting held on September 19, 2018, unitholders approved the merger agreement with approximately 99% of the votes cast. Additionally, the unitholders approved the Legacy 2018 Omnibus Incentive Plan but did not approve the classification of the Board of Directors of Legacy, which results in the Board of Directors of Legacy having a single class of directors.