GLPR.L Regulatory News (GLPR)

2138007WMNVQAVLMP351

For immediate release 13 November 2017

EGM 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 13 November 2017, the Board of Directors of Global Ports called the Extraordinary General Meeting of shareholders to be held at KIBC, Office 201, Profiti Ilia Str, 4, Germasogeia, CY-4046, Limassol, Cyprus on 11 December 2017 at 10-00am (Cyprus time), to consider and, if thought fit, pass resolutions 1 to 2, being items of special business as follows:

1. To elect Mrs. Inna Kuznetsova as a director of the Company effective as of 01.01.2018; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018; to fix the annual gross remuneration of Mrs. Inna Kuznetsova for the fulfillment of the Company's director's duties at EUR60.000 p.a.

2. To elect Mr. Lambros Papadopoulos as a director of the Company effective as of 01.01.2018; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018; to fix the annual gross remuneration of Mr. Lambros Papadopoulos for the fulfillment of the Company's director's duties at EUR45.000 p.a.

Mrs. Kuznetsova is proposed to be elected to replace Capt. Bryan Smith as an Independent Non-Executive Director. Capt. Smith has agreed to remain on the Board until the next AGM in 2018 to ensure a smooth handover.

Mr. Papadopoulos is proposed to be elected as a new Independent Non-Executive Director to further enhance the Company's corporate governance standards. If elected he will serve as a member of the Audit and Risk Committee, giving independent directors a majority presence. Mr. Papadopoulos has over 24 years of experience as an executive and a board member of various companies.

Annex to the Announcement: Brief biography of the candidates for the Board of Directors

Mrs. Inna Kuznetsova 

Inna Kuznetsova is the President and Chief Operating Officer of INTTRA, a SaaS portal for ocean shipping, processing over a quarter of all containers in global trade. Prior to joining INTTRA Inna was the Chief Commercial Officer and member of the Executive Board at CEVA Logistics. Before that she spent 19 years at IBM in a variety of global roles primarily focused on fast growth opportunities or turnarounds. In her last role she in IBM was the global VP, Marketing & Sales, IBM Systems Software.

Ms Kuznetsova serves on board of Avantida (Belgium), a privately owned company, providing in-land container management service. Her prior board engagements include Sage Plc (LSE: SGE) (UK, 2014-2017), a FTSE100 software company where she served as Non-Executive Director, and Open Virtualization Alliance (US, 2011-2012).

Mrs. Kuznetsova has completed her Masters and Ph. D. study at the Moscow State University and later earned an Executive MBA from Columbia Business School.

Mr. Lambros Papadopoulos 

Mr Papadopoulos has over 24 years of experience as an executive and a board member of various companies. He currently also serves as Non-Executive Director and Chairman of the Audit Committees of Hellenic Bank Public Company Ltd (Cyprus) and Trastor Real Estate Investment Company SA (Greece), which are listed on the Cyprus and the Greek Stock Exchanges respectively. In 2013, Mr. Papadopoulos founded PenteP Advisors Ltd. Prior to that he was with Citigroup (London), where he was Head of Greece / Cyprus Equity Research and Head of Continental European Small and Mid Cap Companies. He started his career with Ernst & Young in London.

Mr Papadopoulos studied Accounting with Computing (B.A.(Hons)) at the University of Kent at Canterbury in the United Kingdom. He is a Member of the Institute of Chartered Accountants in England and Wales since 1996.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev

+357 25 313 475

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: media@globalports.com 

Teneo Blue Rubicon

Zoe Watt / Sabine Pirone

+44 20 7260 2700

E-mail: globalports@teneobluerubicon.com

NOTES TO EDITORS

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 the first half of 2017 was USD 162.5 million and Adjusted EBITDA was USD 97.3 million*. Consolidated Marine Container Throughput was 587 thousand TEU in the first half of 2017.

Global Ports' major shareholders are Transportation Investments Holding Limited (operating under the brand name of N-Trans), one of the largest private transportation and infrastructure groups 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.