GLPR.L Regulatory News (GLPR)

2138007WMNVQAVLMP351

For immediate release 03 September 2018

Global Ports Investments PLC 

Completion of sale of JSC «Logistika-Terminal» to PJSC TransContainer

Further to its announcement on 16 August 2017, Global Ports Investments PLC (and together with its subsidiaries and joint ventures, "the Group"), (LSE ticker: GLPR) announces that First Container Terminal Inc, one of its Group companies, has completed the sale of its shareholding in JSC «Logistika-Terminal» ("LT"), one of the Group's two inland terminals, to PJSC TransContainer, following receipt of relevant regulatory approvals.

As previously announced, the transaction was completed for a total consideration of 1.9 billion Russian rubles and the Group intends to use the proceeds of the sale for further deleveraging, which remains a key strategic priority.

About LT

LT is an inland container terminal near St. Petersburg which provides a wide range of container freight station and dry port services. LT was launched in 2010 and was primarily intended to provide an off-dock facility for marine terminal customers. LT has since increased its service offering to include stuffing and un-stuffing of containers, longer-term storage, and the ability to temporarily store large volumes of containers.

In 2017 LT handled 172 thousand TEU and 324 thousand tons of bulk cargo.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Tatiana Khansuvarova

+7 495 989 4769

+7 916 991 7396

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+7 495 989 4769

E-mail: media@globalports.com 

Teneo Blue Rubicon

Zoё Watt / Doug Campbell

+44 20 7240 2486

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 Terminal1 and Moby Dik2 in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland3 (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park4, located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal Vopak E.O.S.5 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 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 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.