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16 Apr 2009 07:00
NCSP announces AGM Date, Dividend Recommendations and Record Date
16 April 2009
Novorossiysk Commercial Sea Port (LSE: NCSP, RTS and MICEX: NMTP) today announces that its Annual general meeting of shareholders (AGM) will be held on June 5 2009 at 12:00 am (Moscow time) at 16 Portovaya street, Novorossiysk, Russia.
Record date for AGM is 20 April 2009.
Voting ballots may be submitted until two days prior to AGM date.
The Agenda of the AGM:
1) Approval of the Annual report (unconsolidated).2) Approval of the Annual financial accounts (unconsolidated) including the Profit and Loss statement.3) Approval of Distributions of Profit (unconsolidated) of 2008.4) Approval of the amount and terms of payment of dividends of 2008.5) Election of the Board of directors (Supervisory board).6) Election of the Auditing commission members.7) Approval of the Auditor.8) Approval of compensations to members of the Board of directors and members of the Auditing commission.
Proposed distribution of 2008 profits and terms of dividend payment:
Further information related to the AGM will be made available at NCSP website at www.nmtp.info in Russian and will be provided to depositary receipt holders via J.P. Morgan Chase Bank N.A. as depositary.
About NCSP
Novorossiysk Commercial Sea Port is the largest Russian port operator in terms of cargo turnover. Group's consolidated cargo turnover in 2008 totaled 81.6 million tonnes.
NCSP shares are traded Russia's RTS and MICEX exchanges (NMTP) as wells as on the London Stock Exchange (NCSP) in form of GDRs (75 shares per GDR). Consolidated revenue to IFRS for the 9 months of 2008 totaled $487.560 million, EBITDA - $251.093 million, net profit - $106.335 million.
NCSP Group includes the following stevedore companies: PJSC NCSP, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.
For more information please contact:Tel.: +7 (495) 783-5434IR@nmtp.info
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