GLPR.L Regulatory News (GLPR)

2138007WMNVQAVLMP351

For immediate release 12 April 2018

AGM announcement

Global Ports Investments PLC ("Global Ports" or the "Company", together with its subsidiaries and joint ventures, the "Group" or the "Global Ports Group"; LSE ticker: GLPR) today announces that at a meeting on 12 April 2018, the Board of Directors of Global Ports called the Annual General Meeting of shareholders to be held at KIBC, Office 201, Profiti Ilia Str, 4, Germasogeia, CY-4046, Limassol, Cyprus on 14 May 2018 at 10-00am (Cyprus time), to consider and, if thought fit, pass resolutions 1 to 20, being items of ordinary business as follows:

1. To receive and consider and, if thought fit, adopt the statutory audited parent company and consolidated financial statements of the Company for the financial year ended 31 December 2017, together with the management reports and independent auditor`s reports.

2. To re-appoint PricewaterhouseCoopers Limited as auditors of the Company, to hold office until the conclusion of the next annual general meeting at which the accounts will be laid before the Company and to authorise the Board of Directors to determine the remuneration of the auditors.

3. To fix the number of directors to be 15.

4. To re-elect Mrs. Britta Dalunde as a director of the Company for a period of one year with no changes in the level of her remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

5. To re-elect Mrs. Inna Kuznetsova as a director of the Company for a period of one year with no changes in the level of her remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

6. To re-elect Mr. Lampros Papadopoulos as a director of the Company for a period of one year with no changes in the level of his remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

7. To re-elect Mr. Alexander Iodchin as a director of the Company for a period of one year with no changes in the level of his remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

8. To re-elect Mrs. Laoura Michael as a director of the Company for a period of one year with no changes in the level of her remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

9. To re-elect Mr. Soren Jakobsen as a director of the Company for a period of one year with no changes in the level of his remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

10. To re-elect Mr. Morten Engelstoft as a director of the Company for a period of one year with no changes in the level of his remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

11. To re-elect Mr. Nicholas Charles Terry as a director of the Company for a period of one year with no changes in the level of his remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

12. To re-elect Mrs. Iana Boyd as a director of the Company for a period of one year with no changes in the level of her remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

13. To re-elect Mr. Michalakis Christofides as a director of the Company for a period of one year with no changes in the level of his remuneration for the fulfillment of the Company's director's duties; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

14. To approve the resignation of Capt. Bryan Smith as a director of the Company with immediate effect and to terminate his authorities as a director of the Company with immediate effect.

15. To approve the resignation of Mr. Vadim Kryukov as a director of the Company with immediate effect and to terminate his authorities as a director of the Company with immediate effect.

16. To elect Mr. Sergey N. Shishkarev as a director of the Company for a period of one year with no remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

17. To elect Mr. Anton G. Chertkov as a director of the Company for a period of one year with no remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

18. To elect Mr. Stavros Pavlou as a director of the Company for a period of one year; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019; to fix the annual gross remuneration of Stavros Pavlou for the fulfillment of the Company's director's duties at EUR24.000 p.a.

19. To elect Mr. George Yiallourides as a director of the Company for a period of one year; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019; to fix the annual gross remuneration of George Yiallourides for the fulfillment of the Company's director's duties at EUR24.000 p.a.

20. To elect Mr. Demos Katsis as a director of the Company for a period of one year with no remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2019.

Annex to the Announcement: Brief biography of the new candidates for the Board of Directors (in alphabetical order). Biographies of directors proposed for re-election can be found at www.globalports.com.

Mr. Anton Chertkov

Anton Chertkov joined the Delo Group in 2014 as a counsel to the Shareholder of the Delo and has also served as the General Counsel of Delo Group since 2015. In his role at Delo he oversees the Group's legal function and corporate governance and provides legal support for all strategic and business activities of the Group.

Mr. Chertkov has extensive capital markets experience across a range of industry sectors and has held a number of board positions through his career. He served as the General Counsel and the Secretary of the Board of Freight One from 2012 to 2014, where he oversaw corporate governance matters and managed subsidiary companies in Ukraine and Finland as well as the execution of company restructuring and major refinancing deals. Prior to that, Mr. Chertkov was Vice-President, Legal & Corporate, at Russian Platinum Group, where he prepared for its IPO on the London Stock Exchange. He also played key management roles at Basic Element from 2008 to 2011, including EN+ Group, where he helped prepare SMR for listing on the HKSE, following his role as Head of Legal, Strategic Projects at Uralkali, from 2006 to 2007 [where he advised on the USD 1 billion IPO on the LSE. In 2001-2006 he worked in Coca-Cola HBC Eurasia, where he held a position of Country Legal Counsel from 2003. Mr. Chertkov started his career in Ernst & Young Moscow in 1999. Mr. Chertkov graduated from the Moscow State University, Law Faculty.

Mr. Demos Katsis

Mr. Katsis is the founder, partner and managing director of Katsis LLC law firm which is based in Cyprus having offices in Limassol and Nicosia and associated offices worldwide. As managing director of the firm, Mr. Katsis leverages his broad legal experience in trusts, tax, corporate litigation, corporate finance, commercial law and advanced mitigation.

Prior to founding Katsis LLC in 2010, Mr. Katsis worked at the George Georgiou LLC firm between 1999 and 2003 and other international law firms from 2003 to 2009. He served as a Partner at an International Law Firm between 2009 and 2010, having established and managed the firm's new affiliate office in Athens between 2006 and 2009.

He graduated with honors from the University of Bristol with a Bachelor of Laws and a Master of Laws. Additionally, he was awarded a full E.U. scholarship to pursue a Masters' degree in Human Rights & Democratization at the University of Malta.

Mr. Katsis is an active author of various articles in relation to corporate and commercial issues and he holds the position of the Professor at Pericles Able Project in Moscow.

Mr. Stavros Pavlou

Mr. Pavlou is the Senior and Managing Partner of the law firm Patrikios Pavlou & Associates LLC. Having joined the firm as an advocate in 1986, Mr. Pavlou went on to serve as a Partner between 1989 and 1992, and as the Managing Partner between 1993 and 2002. Mr. Pavlou's practice areas include commercial litigation, arbitration, corporate law and M&A, trusts & asset protection, banking & finance, international tax planning and commercial law.

Mr. Pavlou was appointed as a Fellow at the Chartered Institute of Arbitrators in 2017, having become a member in 2014. He became a Trust and Estate Practitioner in 2011 and was admitted to the Cyprus Bar in 1986. Mr. Pavlou holds a BSc in Economics of Industry and Trade from LSE, as well as a Postgraduate Diploma in Law from City University London and is a member of the Honourable Society of Gray's Inn. Additionally, he has composed or co-authored 15 academic legal publications and has often lectured on matters of corporate governance and Directors Duties and Liabilities.

Mr. Sergey Shishkarev

Sergey Shishkarev founded the Delo Group in 1993 and remained at the helm of the company until 1999. Mr. Shishkarev was then elected in three convocations of the State Duma of Russia holding various executive positions including Head of the Committee on Transport until 2012 before returning to corporate life in 2014 as the President of Delo Group. Mr. Shishkarev also currently serves as an Independent Director on the board of GLONASS, and is a head of the Business council attached to the Russian State Commission on Arctic Development. Since 2013, Mr. Shishkarev has been First Deputy Chairman of the Marine Board attached to the Government of the Russian Federation.

Mr. Shishkarev graduated from the Military Red Banner Institute of the Ministry of Defense with honours in 1992. He graduated from the Russian Academy of Public Administration cum laude in 2003, with a degree in State and Municipal Management specializing in Finance, Taxation and Credit. In 2010 he was awarded a higher postdoctoral research degree in law and became a Doctor of Law.

Mr. Shishkarev actively supports social projects focused on the development of sports.

Mr. George Yiallourides

George Yiallourides is the Managing Director at a firm of Chartered Accountants, Yiallourides & Partners LTD based in Limassol, Cyprus. He has worked as an auditor both in U.K. and in Cyprus for companies such as Hereward Philips (now Smith&Williamson), Coopers & Lybrand (now PWC) and Horwath before setting up his own practice in 1999, which focuses on audit and international taxation for clients from Central Europe, Eastern Europe, UK and US.

He received his undergraduate degree in Accounting and Financial Management with honours at the University of Essex, UK and qualified as a Chartered Accountant of the Institute of England and Wales (ICAEW) in London, UK. He is currently a member of the Institute of Chartered Accountants of England and Wales (ICAEW) and the Institute of Certified Public Accountants of Cyprus (ICPAC).

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Tatiana Khansuvarova

+357 25 313 475

+7 916 991 73 96

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: media@globalports.com 

Teneo Blue Rubicon

Zoe Watt / Douglas Campbell

+44 20 7260 2700

E-mail: globalports@teneobluerubicon.com

NOTES TO EDITORS

Global Ports Investments PLC

Global Ports Investments PLC is the leading operator of container terminals in the Russian market.

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[1] and Moby Dik[2] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[3] (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminals Yanino Logistics Park[4] and Logistika-Terminal[5], both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal Vopak E.O.S.[6] in Estonia.

Global Ports' Revenue for 2017 was USD 330.5 million and Adjusted EBITDA was USD 201.6 million*. Consolidated Marine Container Throughput was 1,205 thousand TEU in 2017.

Global Ports' major shareholders are Delo Group, one of the largest private transportation and logistics holding companies in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 76 ports and 117 inland services facilities, giving the company a global presence in 59 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information please see: www.globalports.com

LEGAL DISCLAIMER

Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations.