Last checked at 24 Apr 2017 14:00
For immediate release 24 April 2017
Globaltrans Investment PLC
Globaltrans announces resultsof its Annual General Meeting of shareholders
Globaltrans Investment PLC (together with its consolidated subsidiaries the "Company", "Globaltrans" or the "Group", LSE ticker: GLTR) today announces that the Company held its Annual General Meeting of shareholders ("AGM") on 24 April 2017 under the chairmanship of Mr. Michael Zampelas, Chairman of the Board of Directors of the Company and an Independent Non-Executive Director.
The AGM was held at 4 Profiti Ilia Street, 4046 Germasogeias, Limassol, Cyprus and had a quorum of 178,740,916 shares present, corresponding to 100% of the issued and outstanding shares.
The AGM passed the following noteworthy resolutions by a majority of members:
· The consolidated and parent Company audited financial statements together with the management reports and independent auditor's reports for the financial year ended 31 December 2016 were approved;
· The members approved a dividend in the amount of RUB 39.20 per one ordinary share/Global Depositary Receipt1;
· PricewaterhouseCoopers Limited was re-appointed as auditor of the Company to hold office until the conclusion of the next general meeting at which the accounts are laid before the Company. The Board of Directors was authorised to determine the remuneration of the auditor;
· The following 14 Directors were appointed to the Board: J. Carroll Colley, Johann Franz Durrer, Alexander Eliseev, Andrey Gomon, Elia Nicolaou, George Papaioannou, Melina Pyrgou, Konstantin Shirokov, Alexander Storozhev, Alexander Tarasov, Michael Thomaides, Marios Tofaros, Sergey Tolmachev and Michael Zampelas. Directors were appointed for one year until the conclusion of the Company's next AGM, which will take place in 2018.
The Minutes of the AGM are available for viewing at the office of the Company at 4 Profiti Ilia Street, 2nd floor, 4046 Germasogeias, Limassol, Cyprus, and will shortly be available also at the National Storage Mechanism of the UK Listing Authority, located at www.hemscott.com/nsm.do.
ENQUIRIES
Globaltrans Investor Relations
Mikhail Perestyuk / Daria Plotnikova
+357 25 328 860
irteam@globaltrans.com
For international media
Teneo Blue Rubicon
Laura Gilbert / Sabine Pirone
+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 68.5 thousand units. Universal gondola cars and rail tank cars constitute the backbone of the Group's fleet. About 89% of the Total Fleet is owned by the Group with an average age of 10.3 years. In 2016, the Group's Freight Rail Turnover (including Engaged Fleet) was 182.0 billion tonnes-km. The Group's market share was 7.8% of overall Russian freight rail turnover. 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.
1 Dividends will be paid in US dollars in the amount of about 69.7128 US cents per one ordinary share/Global Depositary Receipt not later than 10 May 2017 with conversion executed at the Central Bank of Russia's official exchange rate for the Russian rouble as at the date of the AGM (1 USD: 56.2307 RUB). Holders of Global Depositary Receipts will receive the dividend approximately three business days after the payment date.