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Exchange-traded bond programme approved

17 Jan 2018 07:00

RNS Number : 0484C
Globaltrans Investment PLC
17 January 2018
 

 

 

For immediate release 17 January 2018

 

 

Globaltrans Investment PLC

 

Exchange-traded bond programme approved

 

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, or an advertisement for, securities in any jurisdiction, including the United States, the Russian Federation, Australia, Canada or Japan. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Globaltrans Investment PLC ("the Company" or together with its consolidated subsidiaries "Globaltrans" or "the Group") (LSE ticker: GLTR) today announces that an exchange-traded bond programme ("the Programme") with the following key terms was approved on the level of Joint-Stock Company New Forwarding Company, a 100% subsidiary of the Group:

· Availability period of the Programme - 20 years;

· The maximum amount of the nominal values of the exchange-traded bonds that can be placed under the Programme - up to RUB 100 billion with a maximum maturity term - up to 20 years.

The Programme expands the sources of funding and flexibility available to the Group to finance its corporate needs. The Programme remains subject to the registration by the Public Joint-Stock Company "Moscow Exchange MICEX-RTS" and any issuance under the Programme will be announced as and when appropriate.

 

 

ENQUIRIES

Globaltrans Investor Relations

Mikhail Perestyuk / Daria Plotnikova

+357 25 328 860

irteam@globaltrans.com

 

For international media

Teneo Blue Rubicon

Zoë Watt / Doug Campbell

+44 20 7260 2700

globaltrans@teneobluerubicon.com

 

 

NOTES TO EDITORS

Globaltrans is a leading 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 67 thousand units as of 30 June 2017. Universal gondola cars and rail tank cars constitute the backbone of the Group's fleet. About 91% of the Total Fleet is owned by the Group with an average age of 11 years.

In 2016, the Group's Freight Rail Turnover (including Engaged Fleet) was 182 billion tonnes-km. The total revenue of Globaltrans amounted to RUB 69.5 billion in 2016.

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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