Last checked at 27 Feb 2015 07:00
For immediate release 27 February 2015
Globaltrans Investment PLC
Notification of 2014 results and change in reporting currency
Globaltrans Investment PLC (the "Company" and together with its consolidated subsidiaries "Globaltrans" or the "Group"; LSE ticker GLTR) today announces that:
(1) the Group's financial and operational results for the year ended 31 December 2014 will be released on Monday, 30 March 2015 at 07:00 UK time; and
(2) the reporting currency of the Group's consolidated financial statements is to be changed from US Dollars to Russian Roubles effective from the results for the year ending 31 December 2014 which will be released on the above said date. The Company believes that the presentation of financial results in Russian Roubles, which is the functional currency of the Company as well as its Cypriot and Russian subsidiaries, will provide greater transparency in the light of recent volatility of the RUB exchange rate and provide shareholders with a more accurate reflection of the Company's underlying performance. In accordance with relevant accounting standards, comparative financial information for the year ended 31 December 2013 will be provided in Russian Roubles.
Analyst and investor conference call
The release of the Group's financial and operational results will be accompanied by an analyst and investor conference call hosted by Sergey Maltsev, Chief Executive Officer and Alexander Shenets, Chief Financial Officer.
Date: Monday, 30 March 2015
Time: 14.00 London / 9.00 New York (EDT) / 16.00 Moscow
To participate in the conference call please dial one of the following numbers and ask to be put through to the "Globaltrans" call:
UK toll free: 0808 109 0700
International: +44 (0) 20 3003 2666
As there will be simultaneous translation for the first part of the call (slide presentation), you should state whether you prefer to listen in English or Russian. During the Q&A session, all participants will hear both languages.
Webcast facility
There will also be a webcast of the call available through the Globaltrans website (www.globaltrans.com). Please note that this will be a listen-only facility.
Information materials
The results announcement and consolidated financial statements will be distributed shortly after 07.00 UK time on Monday, 30 March 2015 and will also be made available on the Globaltrans website (www.globaltrans.com). The related slide presentation will be distributed and made available at the Globaltrans website prior to the conference call.
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.
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.