12 Sep 2011 07:25
For immediate release 12 September 2011
Global Ports Investments PLC announces
interim dividend record date and payment date
Global Ports Investments PLC ("the Company" and, together with its subsidiaries and joint ventures, "Global Ports" or "the Group"), the leading container terminal operator serving Russian cargo flows (LSE ticker: GLPR) today announces that Board of Directors of the Company has approved an interim dividend of 0.06 USD per ordinary share (equal to 0.18 USD per Global Depositary Receipt ("GDR"))
Indicative GDR dividend record date for holders of the Depositary Receipts is 16 September 2011 and payment date at or around 20 September 2011. The GDRs are expected to be marked ex-dividend on 14 September 2011. Record Date and ex-dividend date are tentative and are subject to London Stock Exchange regulations.
Holders of the GDRs of the Company will, according to the terms of the depository agreement, receive the dividends approximately 3 business days after the payment date.
ENQUIRIES
Global Ports Investor Relations
Priit Pedaja
Sergei Stikharev
+357 25 503 163
Email: irteam@globalports.com
Depositary J.P. Morgan
Djamilia Kurmanbaeva
+44 207 325 6365
Email: djamilia.b.kurmanbaeva@jpmorgan.com
NOTES TO EDITORS
Global Ports Investments PLC is the leading operator of container terminals in the Russian market. Global Ports accounts for 30% of the total container volumes in the Russian Federation ports and 25% of the total exports of fuel oil from the former Soviet Union countries in the first six months of 2011 (according to publicly available information). Global Ports' terminals are located in the Baltic and Far East Basins, key gateways that collectively handled 82% of Russian container cargo in the first six months of 2011. Global Ports operates three container terminals in Russia (Petrolesport, Moby Dik in St. Petersburg and Vostochnaya Stevedoring Company in the Vostochny Port) and two container terminals in Finland (Multi-Link Helsinki and Multi-Link Kotka). Global Ports also includes an oil terminal Vopak E.O.S. in Estonia and Yanino, an inland container terminal located in the vicinity of St. Petersburg.
Global Ports' consolidated revenue for the six months ended 30 June 2011 was USD 259.7 million (up 57% period-on-period). Adjusted EBITDA for the six months ended 30 June 2011 was USD 145.0* million (up 82% on the six months ended 30 June 2010).
The Group's Russian Ports segment handled a total container throughput of approximately 669* thousand TEUs in the first six months of 2011 (excluding Yanino), a 71% increase on the first six months of 2010.
Global Ports' global depositary receipts (ticker symbol: GLPR) are listed on the Main Market of the London Stock Exchange since June 2011. N-Trans group, one of the largest private transportation and infrastructure groups in Russia, is a key shareholder of Global Ports.
To learn more on Global Ports, please visit 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 Investments PLC. 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 Investments PLC wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports Investments PLC 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 Investments PLC, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports Investments PLC operates in, as well as many other risks specifically related to Global Ports Investments PLC and its operations.