Last checked at 20 Feb 2013 15:15
For immediate release 20 February 2013
Globaltrans Investment PLC
Notification of Share Pledge by Directors
Globaltrans Investment PLC (the "Company" and together with its consolidated subsidiaries "Globaltrans" or the "Group"; LSE ticker GLTR) was notified on 19 February 2013 that Litten Investments Limited ("Litten") beneficially owned by Alexander Eliseev, Chairman of the Board and Non-executive Director of Globaltrans has pledged 3,494,485 ordinary shares constituting 1.96% of the Company's share capital as security in favour of Closed Joint Stock Company UniCredit Bank ("UniCredit Bank").
Alexander Eliseev is a shareholder in the Company with a 2.02% stake beneficially owned through Litten (including the 1.96% pledged to UniCredit Bank) and a 8.80% stake jointly owned through Envesta Investments Limited, which is beneficially owned by Sergey Maltsev, Chief Executive Officer and Executive Director of Globaltrans (51%) and Alexander Eliseev (49%).
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
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.