GLPR.L Regulatory News (GLPR)

2138007WMNVQAVLMP351

This announcement contains inside information for the purposes of EU Market Abuse Regulation

For immediate release 20 December 2017

Statement on Proposed Sale by TIHL to Delo Group

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 it has been informed by its shareholder, Transportation Investments Holding Limited ("TIHL"), that it has entered into an agreement to sell its 30.75% stake in Global Ports to Management Company "Delo" LLC, one of the largest private transportation and logistics holding companies in Russia, consolidating assets in the container and grain segments and providing tugboat and bunkering services in the port of Novorossiysk in the Black Sea Basin. ("Delo").

The agreement remains subject to various conditions, including antitrust clearances and other customary arrangements. Subject to satisfaction of the above conditions, the sale is expected to complete by end of April 2018.

CEO of Global Ports Management LLC, Mikhail Loganov, commented: "We are delighted to welcome Delo as our potential strategic shareholder. Delo has an impressive track record in the Russian port industry and operates in the Black Sea Basin where Global Ports is not currently represented."

Sergey Shishkarev, the President and the owner of Delo Group commented: "We did not hesitate a second when taking the decision to enter the transaction. We highly rate the potential of our cooperation with Global Ports, will apply our rich experience in transportation industry and will take maximum effort to strengthen the Company in the markets in which it is active. We are very much aligned with the Group's current strategy and governance structure."

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 

Teneo Blue Rubicon

Doug Campbell / Zoe Watt

+44 20 7260 2700

E-mail: globalports@teneobluerubicon.com

NOTES TO EDITORS

Delo Group ("Delo") is one of the largest private transportation and ports logistics holding companies in Russia. Its companies provide a full range of cargo transhipment and bunkering services at Novorossiysk port in the Black Sea Basin, including rail and multimodal container transportation, cargo forwarding, customs clearance of export and import cargoes in Russia and the broader CIS, delivery of oil and oil products, and the procurement and export of grains and oilseeds. Delo operates two port terminals and five inland terminals and employs a workforce of over 2,000 people.

Delo has made over USD 250m of investment invested in the development of terminals and port infrastructure since 2004. Currently its assets offer 3.5MT of throughput capacity at its KSK grain terminal, over 350,000 TEUs of capacity at its container terminal as well as over 11,000m2 of indoor storage area.

For more information, please see: http://www.deloports.com

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 the first half of 2017 was USD 162.5 million and Adjusted EBITDA was USD 97.3 million*. Consolidated Marine Container Throughput was 587 thousand TEU in the first half of 2017.

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 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.