Last checked at 6 Aug 2009 16:49
For Immediate Release
6 August 2009
Globaltrans announces Annual General Meeting of shareholders to be held on September 3rd, 2009
Globaltrans Investment PLC ("Globaltrans"; "Company" or together with its consolidated subsidiaries the "Group"; LSE ticker: GLTR), today announces that its Annual General Meeting of shareholders ("AGM") is to be held on September 3rd, 2009 at City House, 6 Karaiskakis Street, Limassol, Cyprus at 4.00 pm Cyprus time.
The agenda of the AGM will include the following items:
1. To receive and adopt the Group and Company audited financial statements and the reports of the directors and the auditor contained in the annual financial report for the year ended 31 December 2008.
2. To approve the proposal of the Board of Directors that no additional dividends be paid in respect of the financial year ended on 31 December 2008.
3. 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 are laid before the Company and to authorise the Board of Directors to determine the remuneration of the auditors.
4. To re-appoint Alexander Eliseev as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company.
5. To re-appoint Michael Zampelas as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company with an annual gross remuneration of EUR60,000 (sixty thousand).
6. To re-appoint Hans Durrer as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company with an annual gross remuneration of EUR110,000 (one hundred ten thousand).
7. To re-appoint Sergey Maltsev as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company.
8. To re-appoint Mikhail Loganov as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company with an annual gross remuneration of EUR120,000 (one hundred twenty thousand).
9. To re-appoint Elia Nicolaou as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company with an annual gross remuneration of EUR1,500 (one thousand five hundred).
10. To re-appoint Konstantin Shirokov as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company.
Shareholders registered at the record date of August 12th, 2009 will be eligible to participate and vote at the AGM.
Further details about participation at the AGM are available at Globaltrans' corporate website (www.globaltrans.com) and will be circulated to the depositary receipts holders as of the record date by The Bank of New York Mellon as the depositary bank.
ENQUIRIES
Globaltrans Investor Relations
Priit Pedaja
Mikhail Perestyuk
Phone: +357 25 503 153
Email: irteam@globaltrans.com
The Bank of New York Mellon Investor Services
Phone: +1 888 BNY ADRS (1 888 269 2377); +1 201 680 6825
Email: shrrelations@bnymellon.com
NOTES TO EDITORS
Globaltrans Investment PLC together with its subsidiaries ("Globaltrans" or the "Group") is the largest private freight rail operator in Russia by the size of owned rolling stock fleet (based on publicly available information) and the first and only to have international listing. Globaltrans Investment PLC is incorporated in Cyprus and operates through its subsidiaries in Russia, Ukraine and Estonia. The Group provides freight rail transportation, railcar leasing, and associated services to large industrial and medium sized corporate customers. It carries customers' cargos to more than 25,000 destinations in Russia and Ukraine. Globaltrans' rolling stock fleet is one of the most modern in Russia with 26,967 railcars of average age of 4.1 years as of the end of 2008. In 2008 the Group's freight rail turnover totaled 61.7 billion tonnes-km with 33.3 million tonnes of freight transported. In 2008 Globaltrans recorded revenue of USD 660.9 million with adjusted EBITDA amounting to USD 250.3 million. The Group employs 550 employees. Globaltrans' global depositary receipts are listed on the Main Market of the London Stock Exchange under the ticker GLTR since May 2008. To learn more on 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.