Nikita Mishin, Chairman of Global Ports, commented: "This investment underlines our continued belief in the strong growth prospects of the Russian container market. Taking full ownership of what is already an excellent asset and one that has the potential to quadruple its capacity, is a strategically important step for the Group and is in line with our stated intention to pursue further growth in Russia and the CIS. "DP World has proved to be a reliable partner and we are happy with the results we have been able to achieve together in the development of this port."
22 Oct '12
Acquisition of remaining 25% stake in Vostochnaya Stevedoring Company Global Ports Investments PLC ("Global Ports", "the Company" and together with its subsidiaries and joint ventures, "the Group"), (LSE ticker: GLPR) announces that the Group entered into a sale and purchase agreement with DP World Limited ("DP World") to increase the Group's ownership interest in Vostochnaya Stevedoring Company LLC ("VSC") from 75% to 100%. The transaction values the 25% stake in VSC being acquired at USD 230 million. VSC, based in the port of Vostochny, is the largest container terminal(1) in the Far East of Russia and one of the key gateways for Russian container transport. The terminal can expand its capacity fourfold on its current site and in the first half of 2012 it recorded a year-on-year increase in container throughput of 18%. Funding for the transaction will be provided in the form of an unsecured loan by Transportation Investments Holdings Limited ("TIHL"), the Group's largest shareholder. The loan will carry an interest rate of 3-month USD LIBOR +2.0%. The transaction is expected to close this week.
interim dividend record date and payment date Global Ports Investments PLC ("the Company" and, together with its subsidiaries and joint ventures, "Global Ports" or "the Group"), the leading container terminal operator serving Russian cargo flows (LSE ticker: GLPR) today announces that Board of Directors of the Company has approved an interim dividend of 0.06 USD per ordinary share (equal to 0.18 USD per Global Depositary Receipt ("GDR")) Indicative GDR dividend record date for holders of the Depositary Receipts is 16 September 2011 and payment date at or around 20 September 2011. The GDRs are expected to be marked ex-dividend on 14 September 2011. Record Date and ex-dividend date are tentative and are subject to London Stock Exchange regulations. Holders of the GDRs of the Company will, according to the terms of the depository agreement, receive the dividends approximately 3 business days after the payment date.
GLOBAL PORTS INVESTMENTS PLC ADMISSION AND START OF UNCONDITIONAL DEALINGS Global Ports Investments PLC ("GPI" and, together with its subsidiaries and joint ventures, "the Group"), the leading container terminal operator serving Russian cargo flows , is today pleased to announce that its global depositary receipts ("GDRs"), with one GDR representing an interest in three ordinary shares, have been admitted to the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange plc. Unconditional dealings in GPI's GDRs commenced on the International Order Book at 8.00 am today under the ticker symbol "GLPR".
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