The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGlobaltrans S Regulatory News (GLTR)

  • This share is currently suspended. It was suspended at a price of 0.88

Share Price Information for Globaltrans S (GLTR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.88
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.88
GLTR Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

2012 CAPEX target achieved

5 Apr 2012 16:50

RNS Number : 9649A
Globaltrans Investment PLC
05 April 2012
 



 

 

For immediate release 5 April 2012

 

 

Globaltrans Investment PLC

 

2012 CAPEX target achieved

 

Globaltrans Investment PLC (the "Company" and together with its consolidated subsidiaries "Globaltrans" or the "Group"; LSE ticker GLTR) announces that as part of the Group's CAPEX programme to acquire up to 10,000 railcars for delivery in 2012, its subsidiaries have this year to date signed contracts for the purchase of 6,238 gondola cars and 1,000 rail tank cars in total. The railcars under these contracts are expected to be delivered by the end of June 2012. In aggregate, with the contracts previously signed at the end of 2011, the Group has now contracted 9,988 railcars, therefore successfully achieving its 2012 target for railcar purchases. As previously announced, this capital expenditure programme will be financed through the Group's own funds as well as through borrowings.

Commenting on today's announcement Sergey Maltsev, CEO of Globaltrans Investment PLC, said:

"I am pleased to report that we continue to deliver on our promises to shareholders and have achieved our 2012 CAPEX target of acquiring 10,000 railcars. As in 2009, we have adhered to our strategy of opportunistic growth and given the current environment of decreased railcar prices combined with strong demand for our services, we have taken the opportunity to significantly increase our owned fleet. These new railcars will enable us to address the additional transportation needs of our clients, substitute part of our leased-in fleet and serve to enhance further our strong position as a leading independent private freight rail group in Russia. We continue to analyse any potential growth opportunities thoroughly with the aim of expanding our business further this year on an opportunistic basis."

 

 

ENQUIRIES

Globaltrans Investor Relations

Mikhail Perestyuk

+357 25 503 153

irteam@globaltrans.com

 

For international media

Holloway & Associates

Laura Gilbert / Zoe Watt

+44 20 7240 2486

globaltrans@rholloway.com

 

 

NOTES TO EDITORS

Globaltrans is Russia's leading private freight rail transportation group and the first such group to have an international listing.

Globaltrans Investment PLC is incorporated in Cyprus with major operating subsidiaries located in Russia, Ukraine and Estonia. The Group provides freight rail transportation, railcar leasing, and certain ancillary services to clients in Russia, the CIS countries and the Baltics.

The Group's fleet of rolling stock owned and leased under finance and operating leases amounted to 49,529 units at 30 June 2011, including 28,776 gondola cars, 20,207 rail tank cars, 56 locomotives and 490 other railcars.

The Group's Freight Rail Turnover in the first six months of 2011 was 57.5 billion tonnes-km with 36.4 million tonnes of freight transported. In the first six months of 2011 the Group's Adjusted Revenue was USD 603.6 million with Adjusted EBITDA reaching USD 256.5 million.

Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008.

To learn more about Globaltrans, please visit www.globaltrans.com.

 

 

LEGAL DISCLAIMER

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans 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 Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEELFBLZFXBBX
Date   Source Headline
29th Apr 20147:00 amRNSResult of AGM
31st Mar 20147:00 amRNSFinal Results
31st Mar 20147:00 amRNSNotice of AGM
14th Mar 20143:40 pmRNSNotification of Full Year 2013 Results Release
27th Jan 20147:00 amRNSReorganisation of EIL holding in GLTR completed
14th Jan 20147:00 amRNSContract with Metalloinvest extended to end 2016
15th Nov 20131:00 pmRNSNotification of Share Pledge by Directors
3rd Sep 20137:03 amRNSInternal reorganisation of Envesta holding in GLTR
3rd Sep 20137:00 amRNSInterim Results - 6 months ended 30 June 2013
19th Aug 20137:00 amRNSNotification of announcement of Interim Results
28th May 20137:00 amRNSStatement re: Media speculation
30th Apr 20136:10 pmRNSAnnual Report for 2012
19th Apr 20134:42 pmRNSResult of AGM
3rd Apr 20137:00 amRNSService contract with Metalloinvest
27th Mar 20135:30 pmRNSDividend Record Date
25th Mar 20137:02 amRNSFull Year 2012 Results
25th Mar 20137:02 amRNSChanges to shareholding structure
25th Mar 20137:00 amRNSNotice of AGM, Appointment of new Chairman
12th Mar 20133:37 pmRNSNotification of Full Year 2012 Results Release
20th Feb 20133:15 pmRNSNotification of Share Pledge by Directors
13th Feb 20137:00 amRNSAcquisition of MMK-Trans completed
24th Dec 201212:00 pmRNSPublication of Prospectus
19th Dec 20127:00 amRNSGlobaltrans to acquire 100% of MMK-Trans
17th Dec 20127:00 amRNSStatement re potential acquisition of MMK-Trans
16th Oct 20128:21 amRNSNotification of Successful Share Placing by TIHL
15th Oct 20125:20 pmRNSNotification of Share Placing by TIHL
3rd Sep 20127:00 amRNSInterim Results 2012
24th Aug 20128:45 amRNSNotification of Interim H1 2012 Results Release
18th Jul 20127:00 amRNSClosing of Offering Announcement
17th Jul 20127:51 amRNSEnd of Stabilisation Notice
17th Jul 20127:00 amRNSExercise of over-allotment option
12th Jul 20127:54 amRNSPricing Notification
12th Jul 20127:25 amRNSStabilisation Notice
12th Jul 20127:02 amRNSPricing Announcement
11th Jul 201212:23 pmRNSAnnouncement of Pricing Expectations
9th Jul 20127:01 amRNSLaunch of Offering and Q1 Results update
9th Jul 20127:00 amRNSBoard approval of Dividend Policy
2nd Jul 20127:00 amRNSCAPEX Programme Update
16th May 20127:00 amRNSCompletion of Metalloinvesttrans Acquisition
11th May 20126:09 pmRNSAnnual Information Update
4th May 20125:30 pmRNSResult of AGM
30th Apr 20126:10 pmRNSAnnual Report for 2011
27th Apr 20127:03 amRNSGLTR to acquire MIT for $540mn from Metalloinvest
27th Apr 20127:01 amRNSAcquisition of LLC Metalloinvesttrans
20th Apr 20126:24 pmRNSStatement re Growth Strategy
17th Apr 20127:00 amRNSDividend record date and payment date
12th Apr 20127:05 amRNSNotice of AGM
12th Apr 20127:00 amRNSFull Year 2011 Financial Results
5th Apr 20124:50 pmRNS2012 CAPEX target achieved
27th Mar 20125:09 pmRNSNotification of Full Year 2011 Results Release

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.