Last checked at 15 Jun 2012 13:01
Press release
The results of PJSC "NCSP" annual general meeting of shareholders
PJSC "NCSP" shareholders approved the dividend amount and the annual report for 2011
15.06.2012
PJSC "Novorossiysk Commercial Sea Port" (LSE: NCSP, RTS and MICEX: NMTP) announces the results of the annual general meeting of shareholders held June 15, 2012 at Dockers club, bld. 16, Portovaya St., Novorossiysk, Krasnodarsky region, the Russian Federation.
The meeting was attended by shareholders owning 17 143 705 585 of PJSC "NCSP" voting shares (at the start of the meeting), which represents 89.0128 % of the total issued voting shares of the company.
The following decisions were made on the issues on the agenda of the meeting:
• To approve the company's annual report.
• To approve the annual financial statements, including profit and loss statement.
• To distribute the net income of 1 314 408 407 (one billion three hundred and fourteen million four hundred and eight thousand four hundred and seven) rubles 01 kopecks as follows:
a) To pay out 452 605 661 (four hundred fifty-two million six hundred and five thousand six hundred and sixty-one) rubles 90 kopecks in dividends.
b) To invest the remaining funds in the amount of 861 802 745 (eight hundred sixty-one million eight hundred and two thousand seven hundred and forty-five) rubles 11 kopecks in the Company development.
• To pay dividends for 2011 in the amount of 0.0235 (zero point two hundred and thirty-five ten-thousandths) rubles per share. To make dividend payment before August 14, 2012 in accordance with paragraph 4 of Article 42 of the Federal Law "On Joint Stock Companies".
• To elect to the Board of Directors of PJSC "Novorossiysk Commercial Sea Port":
·; Mikhail Barkov,
·; Alexander Vinokurov,
·; Yevgeniy Gavrilin,
·; Maksim Grishanin,
·; Ziyavudin Magomedov,
·; Marat Shaydaev.
The seventh memberin the Board of Directors is to be a state representative based on the "golden share" right.
• To elect the Audit Commission of PJSC "Novorossiysk Commercial Sea Port":
·; Ekaterina Vlasova,
·; Tatyana Nesmeyanova,
·; Margarita Russkikh,
·; Arthur Shamkut
The fifth member in the Audit Commission is to be a state representative based on the "golden share" right.
• To approve ZAO "Deloitte & Touche CIS" as the auditor of PJSC "Novorossiysk Commercial Sea Port" in 2012.
• To pay the annual remuneration in the amount of 40 000 rubles to the members of the Board of Directors - non-state employees.
• To pay the annual remuneration in the amount of 12 000 rubles to the members of the Audit Commission - non-state employees.
• To approve the Charter of PJSC "NCSP" in the new edition.
About NCSP Group
NCSP Group is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). 50.1% shares of PJSC "NCSP" belong to Novoport Holding Ltd, beneficiaries owners of which are JSC "Transneft" and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS in 2011 totaled $1 049 million and EBITDA of $550 million. NCSP Group combines the following stevedore companies: OJSC "Novorossiysk Commercial Sea Port", Primorsk Oil Terminal Ltd (since 2011), PJSC "Novorossiysk Grain Terminal", OJSC "Novorossiysk Ship Repair Yard", PJSC "NCSP Fleet", OJSC "NLE", OJSC "IPP", and Baltic Stevedore Company Ltd.
For more information contact:
For the press: M.Sidorov@nmtp.info; senko@ncsp-net.com;
For investment companies representatives: MGrigoriev@nmtp.info