Last checked at 17 Jun 2016 07:54
Notice of EGM, Agenda, and Record Date
17 June 2016
NCSP Group (LSE: NSCP; MICEX: NMTP) announces that in a meeting dated 15 June 2016 PJSC NCSP's Board of Directors approved the following decisions.
1. To convene an Extraordinary General Meeting of Shareholders of PJSC NCSP in the form of mail-in voting in compliance with article 55 of the Federal law on Shareholding companies and article 14.2.2 of PJSC NCSP's Charter.
2. To establish the record date for registering shareholders eligible to participate in the Annual General Meeting of Shareholders as 26 June 2016.
3. Mail-in bulletins must be received by 26 July 2016 at one of the following addresses:
Independent Registrar Company for NCSP, 8 Ivana Franko str., Moscow, 121108, Russian Federation; NCSP Corporate Secretary office 104 at 2 Mira str., Novorossiysk, 353907, Russian Federation.
4. To approve the agenda of the Extraordinary General Meeting of Shareholders as follows:
1.1. Approval of a related party transaction consisting of a loan agreement between VTB Bank as the organizer, agent, and initial creditor, and PJSC NCSP as the borrower.
5. To determine the market value and the price of the ordinary share of PJSC NCSP as 8.22 rubles (on the basis of the independent appraiser's report), for the purpose of redemption of shares that the shareholders may be eligible to request of PJSC NCSP, should the extraordinary General meeting approve the transaction in the form of the Loan agreement, as described above, in compliance with article 79 of the Russian federal law On Shareholding Companies.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2015. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2015 totalled 139.7 million tonnes. Consolidated revenue to IFRS in 2015 totalled USD 877 million, and EBITDA was USD 657 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.
Contacts
Kristina Senko, Public Relations: KSenko@ncsp.com
Mikhail Shchur, Investor Relations: MShchur@ncsp.com