GLPR.L Regulatory News (GLPR)

For immediate release 21 May 2019

Global Ports Investments PLC

AGM Announcement

Global Ports Investments PLC (Global Ports, and together with its subsidiaries and joint ventures, "the Group"), (LSE ticker: GLPR) today announces that the Annual General Meeting of the Members of Global Ports Investments Plc ("The Company") will be held at BG WAYWIN PLAZA, Office 302, 62 Agiou Athanasiou Avenue, 4102, Limassol, Cyprus on 18 June 2019 at 08-00am (Cyprus time), to consider and, if thought fit, pass resolutions 1 to 16, 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 2018, 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 set the number of directors to be 11.

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 fulfilment 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 2020.

5. 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 fulfilment 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 2020.

6. 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 fulfilment 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 2020.

7. To re-elect Mr. Demos Katsis as a director of the Company for a period of one year with no changes in the level of his remuneration for the fulfilment 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 2020.

8. 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 fulfilment 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 2020.

9. 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 fulfilment 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 2020.

10. To re-elect Mr. Sergey N. Shishkarev as a director of the Company for a period of one year with no changes in the level of his remuneration for the fulfilment 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 2020.

11. To elect Mr. Shavkat Kary-Niyazov 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 2020.

12. To elect Mr. Mogens Petersen 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 2020.

13. To elect Mr. Khachatur Pombukhchan 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 2020.

14. To elect Mr. Ilya Sattarov 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 2020.

15. To set the gross remuneration payable to the independent non-executive directors for the chairmanship of the committees of the Board of Directors of the Company at EUR15.000 per annum pro rata to the term held by the respective director actually.

16. To replace the Terms of reference of the Board of directors of the Company with the amended Terms of reference attached to this resolution with effect from the date of this resolution.

Annex 1 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.

Dr. Shavkat Kary-Niyazov

A mathematician and academician, Mr. Kary-Niyazov began his corporate career in 1995 as CFO of Academservice Ltd, the Russian tour operator, before moving to Sovlink LLC, the boutique investment-banking firm, in 1997. After the merger of Sovlink with Aljba Alliance Bank in 2000, he then became Managing Director of SL Capital Services Ltd (Cyprus), an international financial company and portfolio company of the merged group from 2002-2005.

Mr. Kary-Niyazov has 14 years of experience in the transport industry, becoming President of Marine Façade, St. Petersburg, member of First Quantum Group in 2005. This project is focused on land reclamation and development in Saint Petersburg, Russia and has so far reclaimed more than 250 he of land and completed construction of the Passenger Port "Marine Façade of St. Petersburg". Staying the President Marine Façade, he served as President of National Container Company for 2006 before taking on his current role as President of First Quantum Group where he has been since 2011.

Mr. Kary-Niyazov graduated from Moscow M.V.Lomonosov State University with Masters in Mathematics with distinction, which he followed up with a Ph.D in topology and geometry at the same institution.

Mogens Petersen

Mr. Petersen has over 11 years of experience in the transport industry, sea ports and shipping. He has held the position of APM Terminals' Portfolio Manager, Russia and the Baltics since November 2018 and joined the company in 2007 holding various Chief Financial Officer roles globally before taking an internal position as Senior Advisor in Finance, Strategy, Audit & Risk at Global Ports Investments Plc from 2014 - 2017, following APM Terminals' acquisition of its shareholding in the company. From 2017 till 2018 he managed the Capital Investments Program at APM Terminals focusing on improving customer relations, cost leadership and portfolio management. He began his career in 1996 at Energinet, a Danish energy company, before spending seven years at utility Hofor, where he focused on renewable energy.

Mr. Petersen has an MBA from Henley Business School, UK as well as an MSc. (Economics) from the University of Aarhus, Denmark and a degree in Finance and Economics (DEA) from the Université Louis Pasteur, Strasbourg.

Khachatur Pombukhchan

Mr. Pombukhchan took on his most recent role as Chief Operating Officer of Delo Group in March 2019 after 12 years at Magnit, the leading food retailer in Russia. He joined Magnit in 2008 as Head of Marketing and Investor Relations before progressing to Chief Financial Officer and then rising to the CEO position, presiding on the Board from 2011 till 2018. Prior to that, he worked in commercial roles in telecommunications for seven years at Southern Telecommunication Company from 1999 till 2004 and Mobile Telecommunication Systems from 2004 till 2006.

He has a degree in Applied Mathematics from Kuban State University, Krasnodar, Russia as well as an accounting degree from the Financial and Economics Institute.

Ilya Sattarov

Mr. Sattarov commenced his current role as the CEO of Delo Group in March 2019. His career started in banking with managerial positions at Banque Societe Generale and Alfa Bank amongst others, before he joined Magnit, the leading food retailer in Russia in 2010. There he held a number of roles focusing on M&A, logistics and operations at Deputy CEO level from 2011 till 2018, becoming a member of the Management Board from 2012 till 2018.

Mr. Sattarov holds an Honours degree in Economics from Kuban State University and an MBA in Corporate Strategy from the Institute of Modern Technology and Economics, both in Krasnodar, Russia.

Annex 2 to the Announcement:

Draft of amended Terms of reference of the Board of directors of the Company proposed for AGM approval can be found at www.globalports.com or click on the following link.

http://www.rns-pdf.londonstockexchange.com/rns/6036Z_1-2019-5-20.pdf

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

Zoë Watt / Douglas Campbell

+44 20 7260 2700

E-mail: globalports@teneo.com

NOTES TO EDITORS

Global Ports Investments PLC

Global Ports Investments PLC is the leading operator of container terminals in the Russian market by capacity and container throughput[1].

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[2] and Moby Dik[3] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[4] (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park[5] located in the vicinity of St. Petersburg.

Global Ports' revenue for 2018 was 343.6 USD million[6] and Adjusted EBITDA was 217.3 USD million.. Consolidated Marine Container Throughput was 1,352 thousand TEU in 2018[7].

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 74 ports and 117 inland services facilities, giving the company a global presence in 58 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts 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", "plan", "project", "believe", "target", "anticipate", "estimate", "intend", "will", "could," "may", "should" 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.