22 Oct 2014 09:30
For immediate release 22 October 2014
Global Ports Investments PLC
EGM results and dividend record date 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 the Company held its Extraordinary General Meeting of shareholders ("EGM") chaired by Mr. Konstantin Shirokov, Non-Executive Director.
The EGM was held on 22 October 2014 at 10-00am (Cyprus time) at Kanika International Business Center, Office 201, Profiti Ilia Str, 4, Germasogeia, CY-4046, Limassol, Cyprus) and had a quorum with 422,713,415 ordinary shares of the Company, which constitutes 100% of the issued share capital of the Company entitled to participate in this meeting and vote on the matters of the agenda.
The EGM adopted the following resolutions:
1. To approve the distribution by the Company of dividends, out of the profits made during the year 2013, in the amount of 0.04 USD per share.
The dividend record date is set for 24 October 2014. GDRs will be marked ex-dividend on 23 October 2014. The payment of the dividends is expected by 31 October 2014.
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
StockWell Communications
Laura Gilbert/ Zoe Watt
+44 20 7240 2486
E-mail: globalports@stockwellgroup.com.
NOTES TO EDITORS
Global Ports
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 Helsinki and Multi-Link Terminals Kotka). Global Ports also owns inland container terminals Yanino Logistics Park[4] and Logistika-Terminal, both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil product terminal AS Vopak E.O.S. in Estonia[5].
Global Ports' consolidated revenue for the first six months 2014 was USD 286.5 million. Adjusted EBITDA for the first six months of 2014 was USD 189.9 million. The total container throughput was 1,355 thousand TEU in the first six months of 2014 (excluding Yanino and Logistika Terminal).
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 66 terminals with 16 expansion projects, an additional 7 new terminals being implemented and 165 inland services operations, giving the company a global presence in 67 countries. 20.5% of Global Ports shares, in the form of global depositary receipts, are traded 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.
[1] In which Eurogate currently has a 20% effective ownership interest.
[2] In which Container Finance currently has a 25% effective ownership interest.
[3] In each of which Container Finance currently has a 25% effective ownership interest.
[4] In which Container Finance currently has a 25% effective ownership interest.
[5] In which Royal Vopak currently has a 50% effective ownership interest.