Internal reorganisation of Envesta holding in Globaltrans completed
27.01.2014
Globaltrans Investment PLC (the “Company” and together with its consolidated subsidiaries “Globaltrans” or the “Group”; LSE ticker GLTR) has been notified that the internal reorganisation of Envesta Investments Ltd (“EIL”), an 8.8% shareholder of Globaltrans, has been completed. As a result of this reorganisation, announced on 3 September 2013, the two beneficial owners of EIL (Sergey Maltsev, Group’s CEO, Executive Director and Alexander Eliseev, Non-Executive Director) now beneficially own their stakes in Globaltrans directly through separate entities controlled by each of them:
- Sergey Maltsev beneficially owns a 4.5% stake in Globaltrans through Goldriver Resources Ltd;
- Alexander Eliseev beneficially owns a 6.3%[1] stake in Globaltrans through Litten Investments Ltd.
This internal restructuring of EIL has not resulted in any change in the aggregate number of shares/GDRs beneficially owned by each of the above two Directors.
ENQUIRIES
Globaltrans Investor Relations
Mikhail Perestyuk
+357 25 503 153
irteam@globaltrans.com
For international media
Lightship Consulting
Laura Gilbert/Zoë Watt
+44 20 7240 2486
globaltrans@stockwellgroup.com
LEGAL DISCLAIMER
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.
[1] Including 2.0% historically beneficially owned through Litten Investments Ltd.