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8 Sep 2009 07:19
Press-release
NCSP Pays Dividends for 2008
08.09.2009
PJSC Novorossiysk Commercial Sea Port (LSE: NCSP, RTS AND MICEX: NMTP) reports the commencement of dividend payment for 2008.
According to NCSP's AGM decision dated June 5, 2009 the payment of dividends started on September 1, 2009. As of September 7, 2009 the company has paid out 467.32 million rubles or 91.56% of the total amount of dividends announced.
The dividends have been paid in full to JP Morgan depositary bank (to be further transferred to holders of the Global depositary receipts on PJSC NCSP shares), to the Federal Agency for Federal Property Management of the Russian Federation, and to other legal entities and physical persons who have provided NCSP and/or the registrar with bank account details and/or postal address for dividend transfer. Payment of dividends to the shareholders who are employees of PJSC NCSP, totaling 4.35 million rubles, was synchronized with the payment of wages. Dividends to other shareholders (physical persons) will be paid by means of bank transfers, money orders, or through the company's cash office. The Charter of PJSC NCSP stipulates that the payment of dividends must be completed by December 31, 2009.
The total amount of announced dividends, as approved by NCSP's AGM decision from June 5, 2009 is 510.39 million rubles (0.0265 rubles per share), which makes 26% of the company's unconsolidated net profit under Russian accounting standards. As compared to 2007 the dividends have been increased by 43%.
About NCSP Group
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. Consolidated revenue to IFRS for the 2008 totaled $653.777 million.
NCSP shares are traded on Russia's RTS and MICEX exchanges (NMTP) and on the London Stock Exchange (NCSP) in the form of GDRs (1 GDR representing 75 shares).
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) 783-5434; IR@nmtp.info
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