Last checked at 18 Dec 2015 11:00
For immediate release 18 December 2015
Globaltrans Investment PLC
Change to Board of Directors
Globaltrans Investment PLC (the "Company" and together with its consolidated subsidiaries "Globaltrans" or the "Group"), (LSE ticker: GLTR) today announces that Andrey Gomon, member of Globaltrans' Board of Directors since 2013, has submitted his resignation as a member of the Board of Directors.
The Board of Directors of Globaltrans now consists of thirteen members, including four independent directors.
ENQUIRIES
Globaltrans Investor Relations
Mikhail Perestyuk
+357 25 503 153
irteam@globaltrans.com
For international media
StockWell Communications
Laura Gilbert / Zoë Watt
+44 20 7240 2486
globaltrans@stockwellgroup.com
NOTES TO EDITORS
Globaltrans is a leading private freight rail transportation group with operations in Russia, the CIS and the Baltic countries. The Group's main business is the provision of freight rail transportation services. Globaltrans provides services to more than 500 customers and its key customers include a number of large Russian industrial groups in the metals and mining and the oil products and oil sectors.
The Group has a Total Fleet of about 66 thousand units of rolling stock with an average age of 9.1 years[1]. Universal gondola cars and rail tank cars constitute the backbone of the Group's fleet. More than 90% of the Total Fleet is owned by the Group. In the first six months of 2015, the Group's Freight Rail Turnover (including Engaged Fleet) was 83.6 billion tonnes-km. The Group's Market Share was 8.3% of overall Russian freight rail transportation volumes.
Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008. Globaltrans was the first freight rail transportation group with operations in Russia to have an international listing.
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.
[1] Average age of the Group's Owned Fleet as of 30 June 2015.