29 Jun 2018 10:00
2138007WMNVQAVLMP351
For immediate release 29 June 2018
EGM results
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) announces the results of the Company's Extraordinary General Meeting (EGM) held today under the chairmanship of Mr. Nicholas Charles Terry, Non-Executive Director.
The EGM was held at KIBC, Office 201, Profiti Ilia Str, 4, Germasogeia, CY-4046, Limassol, Cyprus on 29 June 2018 at 10-00am (Cyprus time) 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 fix the annual gross remuneration payable for the chairmanship of the Audit and Risk Committee of the Board of Directors of the Company at EUR15,000.
2. To fix the annual gross remuneration payable for the chairmanship of the Nomination Committee of the Board of Directors of the Company at EUR5,000.
3. To fix the annual gross remuneration payable for the chairmanship of the Remuneration Committee of the Board of Directors of the Company at EUR10,000.
ENQUIRIES
Global Ports Investor Relations
Mikhail Grigoriev / Tatiana Khansuvarova
+357 25 313 475
+7 916 991 7396
Email: ir@globalports.com
Global Ports Media Relations
Anna Vostrukhova
+357 25 313 475E-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 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 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 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.
[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 August 2017 the Group signed an agreement to sell its 100% shares in LT. The transaction is subject to approval of relevant regulatory authorities.
[6] In which Royal Vopak currently has a 50% effective ownership interest.