Notification of Share Pledge by Directors
Globaltrans Investment PLC (the “Company” and together with its consolidated subsidiaries “Globaltrans” or the “Group”; LSE ticker GLTR) was notified on 14 November 2013 by Litten Investments Limited ("Litten") beneficially owned by Alexander Eliseev, Non-Executive Director of Globaltrans, that:
- 3,494,485 ordinary shares constituting 1.96% of the Company's share capital which had been pledged in favour of Closed Joint Stock Company UniCredit Bank had been released; and
- 2,800,000 ordinary shares constituting 1.57% of the Company’s share capital were pledged as security in favour of ZAO “RAIFFEISENBANK”.
Alexander Eliseev is a shareholder in the Company and his stake remains unchanged at 6.3%, beneficially owned through separate entities, including Litten.
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Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.