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Change in shareholder structure

30 Aug 2022 07:00

RNS Number : 4644X
Global Ports Investments PLC
30 August 2022
 

 

For immediate release 29 August 2022

Global Ports Investments PLC

Change in shareholder structure

 

Global Ports Investments PLC ("Global Ports" or the "Company" and, together with its subsidiaries and joint ventures, the "Group") (LSE ticker: GLPR) announces ithe Board of Directors of the Company (the "Board") today received a notice from APM Terminals B.V. (APMT), holding 30.75% of the shares in the Company, that APMT has entered into an agreement to divest its shareholding in Global Ports to APMT's long-standing partner Delo Group who also owns 30.75% in the Company. As a result of this transaction Delo Group will own 61.5% in the Company.

 

Completion of the transaction is expected to occur once all the relevant approvals have been obtained.

 

 

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Tatiana Khansuvarova

+7 (812) 677 15 57

+7 916 991 73 96

E-mail: ir@globalports.com

Global Ports Media Relations

Margarita Potekhina

+7 (812) 677 15 57 ext. 2889

+7 921 963 54 27

E-mail: media@globalports.com

 

NOTES TO EDITORS

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

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign Russian trade and transit 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 the first half of 2022 was USD 271.6 million and Adjusted EBITDA was USD 145.6 million. Consolidated Marine Container Throughput was 611 thousand TEUs in the first half of 2022.

Global Ports' major shareholders are Delo Group, the largest intermodal container and port operator in Russia[6] (30.75%), and APM Terminals B.V[7]. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operate a terminal network of 76 terminals globally. 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. Any forward-looking statement is based on information available to Global Ports as of the date of the statement and, other than in accordance with its legal or regulatory obligations, Global Ports does not intend or undertake to update or revise these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Forward-looking statements involve known and unknown risks and Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially from what is expressed or implied by these statements. 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. All written or oral forward-looking statements attributable to Global Ports are qualified by this caution.


[1] Company estimates based on 1H 2022 throughput and the information published by the "ASOP".

[2] In which Eurogate currently has a 20% effective ownership interest.

[3] Joint venture in which CMA Terminals currently has a 25% effective ownership interest.

[4] Joint ventures in each of which CMA Terminals currently has a 25% effective ownership interest.

[5] Joint venture in which CMA Terminals currently has a 25% effective ownership interest.

[6] According to publicly available data at www.delo-group.com.

[7] On 11th of March 2022 APM Terminals announced its intention to commence a process to divest its shareholding in the Company. Please see the press release dated 11 March 2022 on www.globalports.com

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