29 Apr 2013 12:15
For immediate release 29 April 2013
Global PORTS announces results of its Annual General Meeting of MEMBERS
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 the Company held its Annual General Meeting of members ("AGM") under the chairmanship of Mr. Konstantin Shirokov, Non-Executive Director.
The AGM was held at City House, 6 Karaiskakis Street, Limassol, Cyprus on 29 April 2013 at 10-00am (Cyprus time) and had a quorum with 293,750,001 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 adopt the statutory audited parent company and consolidated financial statements of the Company for the financial year ended 31 December 2012, together with the reports of the directors and independent auditors.
2. To re-appoint PricewaterhouseCoopers Limited as auditors of the Company, to hold office until the conclusion of the next 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. Kim Fejfer as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
4. To re-elect Mr. Alexander Iodchin as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, with an annual gross remuneration of EUR 287,000.00.
5. To re-elect Mr. Robert Dirk Korbijn as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
6. To re-elect Mr. Mikhail Loganov as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
7. To re-elect Mr. Tiemen Meester as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
8. To re-elect Mrs. Laura Michael as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
9. To re-elect Mr. Nikita Mishin as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
10. To re-elect Mr. Alexander Nazarchuk as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
11. To re-elect Mr. Konstantin Shirokov as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
12. To re-elect Capt. Bryan Smith as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, with an annual gross remuneration of USD 290,000.00.
13. To re-elect Mr. Georgios Sophocleous as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
14. To re-elect Mrs. Chrystalla Stylianou as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, without any remuneration.
15. To re-elect Mr. Michael Thomaides as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, with an annual gross remuneration of EUR 50,424.00.
16. To re-elect Mrs. Siobhan Walker as a director of the Company for a period of three years; to hold such office until the conclusion of the annual general meeting of the Members of the Company to be held in 2016, with an annual gross remuneration of EUR 75,000.00.
17. To approve the distribution by the Company of dividends, out of the profits made during the year 2012, in the amount of USD 0.08 per share[1].
In addition, the Company announces that the dividend record date is tentatively set for 08 May 2013. In this case the GDRs are expected to become ex-dividend on 03 May 2013.The payment of the dividends is expected by 01 June 2013.
The Minutes of the AGM are available for viewing at the registered office of the Company at Omirou 20, Agios Nikolaos, CY-3095 Limassol, Cyprus, and will shortly be available at the National Storage Mechanism of the UK Listing Authority, located at www.hemscott.com/nsm.do.
ENQUIRIES
GLOBAL PORTS:
Investor Relations
Mikhail Grigoriev
+357 25 503 163
Email: irteam@globalports.com
Media Relations
Anna Vostrukhova
+357 25 503 163
Email: media@globalports.com
Holloway & Associates
Laura Gilbert, Zoe Watt
+44 20 7240 2486
Email: globalports@rholloway.com
NOTES TO EDITORS
Global Ports Investments PLC is the leading operator of container terminals in the Russian market. Global Ports accounts for 29.5[2]% of the total container volumes in Russian ports and 15%[3] of the total exports of fuel oil from Russia.
Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates three container terminals in Russia (Petrolesport and Moby Dik in St. Petersburg, Vostochnaya Stevedoring Company in the Vostochny Port) and two container terminals in Finland (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports group also includes Yanino Logistics Park located in the vicinity of St. Petersburg and a major oil product terminal, Vopak E.O.S., in Estonia.
Global Ports' consolidated revenue for 2012 was USD 501.8 million. Adjusted EBITDA for 2012 was USD 288 million.
The Group's Russian Ports segment handled a total container throughput of approximately 1,449 thousand TEUs in 2012 (excluding Yanino).
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 (37.5%), and APM Terminals B.V., whose core expertise is the design, construction, management and operation of ports, terminals and inland services with a global terminal network of 62 operating port facilities and 160 Inland Services operations, giving APM Terminals a global presence in 68 countries (37.5%). The remaining 25% of Global Ports shares are in public hands and held 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 the Company. 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. The Company wishes to caution you that these statements are only predictions and that actual events or results may differ materially. The Company 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 the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries the Company operates in, as well as many other risks specifically related to the Company and its operations
[1] Equivalent to USD 0.24 per global depositary receipt.
[2] Source: ASOP
[3] Source: Argus Neftetransport