GLPR.L Regulatory News (GLPR)

For immediate release 13 May 2019

Global Ports Investments PLC

Global Ports makes next step towards integration of Group's container terminal operations in the Port of St. Petersburg

Global Ports Investments PLC (Global Ports, and together with its subsidiaries and joint ventures, "the Group"), (LSE ticker: GLPR) today announces that as part of its strategy to prioritise operating efficiency and optimise the Group's asset base, the management teams of Petrolesport and First Container Terminal are to be unified. The Board has appointed Albert Likholet as Managing Director of both Petrolesport and First Container Terminal, effective from 13 May 2019. Alexander Tikhov, the former Managing Director of FCT, will remain with the Group as an adviser to the general director of Global Ports Management LLC.

This development is the next step in the integration of the Group's container terminal operations in the Port of St. Petersburg. Over the last few years the Group has centralised its commercial, legal, financial and other team functions in order to effectively manage the Group's resources. This approach has helped improve the Group's value proposition to its customers with the launch of a Unified Client Service across all terminals in 2018 giving clients faster, easier access to service teams. The merging of the two management teams will further align the strategic focus across the two terminals based at the Port of St. Petersburg, improving clarity and speed of decision-making to bring tangible benefits to customers in terms of planning capability and distribution of services as Group resources will be allocated more efficiently and effectively to client requirements.

About PLP and FCT

PLP and FCT operate in the Big Port of Saint-Petersburg. The current combined throughput capacity of the terminals exceeds 1.25 million TEU[1], the terminals occupy 208 ha of land and have more than 3.2 km of quay line.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Tatiana Khansuvarova

+357 25 313 475

+7 916 991 73 96

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: media@globalports.com 

Teneo

Zoë Watt / Douglas Campbell

+44 20 7260 2700

E-mail: globalports@teneo.com

NOTES TO EDITORS

Global Ports Investments PLC

Global Ports Investments PLC is the leading operator of container terminals in the Russian market by capacity and container throughput[2].

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[3] and Moby Dik[4] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[5] (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park[6] located in the vicinity of St. Petersburg.

Global Ports' revenue for 2018 was 343.6 USD million[7] and Adjusted EBITDA was 217.3 USD million.. Consolidated Marine Container Throughput was 1,352 thousand TEU in 2018[8].

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 74 ports and 117 inland services facilities, giving the company a global presence in 58 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts 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", "plan", "project", "believe", "target", "anticipate", "estimate", "intend", "will", "could," "may", "should" 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.