GLPR.L Regulatory News (GLPR)

For immediate release 12 May 2017

Global Ports Investments PLC

Results of Annual General Meeting of members

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 Annual General Meeting of shareholders (AGM) under the chairmanship of Mr. Konstantin Shirokov, Non-Executive Director.

The AGM was held at KIBC, Office 201, Profiti Ilia Str, 4, Germasogeia, CY-4046, Limassol, Cyprus on 12 May 2017 at 10-00 am (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 AGM adopted the following resolutions:

1. To receive and consider and, if thought fit, adopt the statutory audited parent company and consolidated financial statements of the Company for the financial year ended 31 December 2016, together with the management reports and independent auditor`s reports.

2. To re-appoint PricewaterhouseCoopers Limited as auditors of the Company, to hold office until the conclusion of the next annual general meeting at which the accounts will be laid before the Company and to authorise the Board of Directors to determine the remuneration of the auditors.

3. To re-elect Mr. Alexander Iodchin as a director of the Company for a period of one year with no changes in the level of his remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018.

4. To re-elect Capt. Bryan Smith as a director of the Company for a period of one year with no changes in the level of his remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018.

5. To re-elect Mr. Nikita Mishin as a director of the Company for a period of one year with no changes in the level of his remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018.

6. To re-elect Mr. Mikhail Loganov as a director of the Company for a period of one year with no changes in the level of his remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018.

7. To re-elect Mr. Konstantin Shirokov as a director of the Company for a period of one year; 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. Konstantin Shirokov for the fulfillment of the Company's director's duties at EUR24.000 p.a.

8. To re-elect Mrs. Laoura Michael as a director of the Company for a period of one year with no changes in the level of her remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018.

9. To re-elect Mr. Gerard van Spall as a director of the Company for a period of one year with no changes in the level of his remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018.

10. To re-elect Mr. Morten Engelstoft as a director of the Company for a period of one year with no changes in the level of his remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018.

11. To re-elect Mr. Nicholas Charles Terry as a director of the Company for a period of one year with no changes in the level of his remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018.

12. To re-elect Mr. Peder Sondergaard as a director of the Company for a period of one year with no changes in the level of his remuneration; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2018.

13. To approve the resignation of Mrs. Siobhan Walker as a director of the Company with immediate effect and to terminate her authorities as a director of the Company with immediate effect.

14. To approve the resignation of Dr. Alexander Nazarchuk as a director of the Company with immediate effect and to terminate his authorities as a director of the Company with immediate effect.

15. To elect Mrs. Britta Dalunde as a director of the Company for a period of one year; 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. Britta Dalunde for the fulfillment of the Company's director's duties at EUR60.000 p.a.

16. To elect Mrs. Elia Nicolaou as a director of the Company for a period of one year; 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. Elia Nicolaou for the fulfillment of the Company's director's duties at EUR24.000 p.a.

Annex to the Announcement: Brief biography of the members of the Board of Directors

Ms. Britta Dalunde

Ms. Dalunde has over 25 years of experience as an executive and a board member of various companies. She currently also serves as non-executive director and chairman of the audit-committee of HH Ferries Group and Oniva Online Groupe Europe AB, listed on NASDAQ OMX First North, in addition to holding several other non-executive board appointments.

Earlier in her career, Ms. Dalunde was CFO at SJ AB, the Swedish national rail operator, from 2009 until 2013. She has almost 20 years of experience working as a CFO while working in different industries including transportation, engineering and IT.

Ms. Dalunde graduated from the University of Uppsala with a Bachelor's degree in Business Administration and International Business. She has also earned an MBA degree from Edinburgh Business School at Herriot Watt University.

Ms. Dalunde owns 21 000 ordinary shares of Global Ports Investments PLC (7 000 GDRs).

Ms Elia Nicolaou 

Ms. Nicolaou has extensive experience in commercial and corporate law. She is currently the Managing Director of Amicorp (Cyprus) Ltd. She was previously Head of the Corporate Legal Department at Polakis Sarris LLC and worked at C. Patsalides LLC. Ms Nicolaou sits on various Boards of the Cyprus Chamber of Commerce.

She gained an LLB degree in Law from the University of Nottingham before gaining a Master of Laws degree in Commercial and Corporate Law from University College London. She also has a Diploma in Business Administration from the Cyprus International Institute of Management.

Since 2008, she has also served as a Non-Executive Director and the Company Secretary of Globaltrans Investments PLC.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Yana Gabdrakhmanova

+7 495 989 4769

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+7 495 989 4769

E-mail: media@globalports.com 

Teneo Blue Rubicon

Laura Gilbert / 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 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 products terminal AS Vopak E.O.S.[5] in Estonia.

Global Ports' Revenue for 2016 was USD 331.5 million and Adjusted EBITDA was USD 224.3 million. Consolidated Marine Container Throughput was 1,128 thousand TEU in 2016.

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 73 ports and 140 inland services facilities, giving the company a global presence in 69 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.