NCSP elects Chairman of the Board and Committees

23 Jun 2009 14:43

 

NCSP elects Chairman of the Board,

Auditing Committee, and Nomination and Remuneration Committee 

23 June 2009

PJSC Novorossiysk Commercial Sea Port (LSE: NCSP, RTS and MICEX: NMTP) announces the election of the Chairman of the Board of Directors, as well as members and chairpersons of the Auditing committee and the Nomination and remuneration committee.

On June 18 2009 the Board of Directors of PJSC Novorossiysk Commercial Sea Port approved the following resolutions in the form of absentee voting:

1) To elect Alexander A. Ponomarenko as the Chairman of the Board of Directors.

2) To appoint Vladimir N. Matveev as the Secretary of the Board of Directors.

3) To elect the Auditing Committee of PJSC NCSP consisting of 3 persons:

- Georgiy A. Koryashkin, member of the Board of PJSC NCSP;

- Tamara A. Pakhomenko, member of the Board of PJSC NCSP;

- Alexander A. Ponomarenko, member of the Board of PJSC NCSP.

4) To elect Georgiy A. Koryashkin as the Chairman of the Auditing Committee of PJSC NCSP. 

5) To elect the Nomination and Remuneration Committee of PJSC NCSPconsisting of 3 persons:

- Georgiy A. Koryashkin, member of the Board of PJSC NCSP;

- Tamara A. Pakhomenko, member of the Board of PJSC NCSP;

- Alexander A. Ponomarenko, member of the Board of PJSC NCSP.

6) To elect Georgiy A. Koryashkin as the Chairman of the Nomination and Remuneration Committee of PJSC NCSP.

Commenting on the election of Ms. Pakhomenko to the committees of the Board of Directors, the Chairman of the Board Alexander A. Ponomarenko said: «Ms. Pakhomenko holds PhD. in law, and her active participation in the work of the committees will improve the quality of analysis and decision-making. Ms. Pakhomenko is well-acquainted with the transportation industry and the business of NCSP Group in particular. Since 2006 she has been an active member of the boards of NCSP subsidiaries, including OJSC IPP and PJSC NCSP Fleet».

About NCSP

NCSP Group is the largest stevedoring company in Russia in terms of cargo turnover. Group's core assets are located at the Port of Novorossiysk -- №1 port in Russia and the 6th largest port in Europe.

NCSP shares are traded in Russia on RTS and MICEX (NMTP) and on LSE (NCSP) in the form of GDRs (1 GDR representing 75 shares). 

NCSP Group's consolidated cargo turnover in 2008 totaled 81.6 million tonnes. Consolidated revenue to IFRS in 2008 totaled $653.777 million, adjusted EBITDA and adjusted net profit for 2008 comprised $376 million and $210.6 million respectively.

NCSP Group includes the following stevedoring 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 contact:

+ 7 (495) 783 5434: IR@nmtp.info

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