Notice of AGM to be held on 23 April 2018
26.03.2018
Globaltrans Investment PLC (together with its consolidated subsidiaries the “Company”, “Globaltrans” or the “Group”, LSE ticker: GLTR) today announces that, at a meeting on 23 March 2018, the Board of Directors (“Board”) of Globaltrans convened an Annual General Meeting of shareholders (“AGM”) to be held on 23 April 2018 at 1:00 pm (Cyprus time) at 4 Profiti Ilia Street, 4046 Germasogeias, Limassol, Cyprus.
The main business on the agenda for the AGM is to consider and, if thought fit, pass the following resolutions:
- To approve the Group and Company audited financial statements together with the management’s and auditors’ reports for the financial year ended 31 December 2017.
- To distribute a dividend in respect of 2017 in the amount of RUB 44.85 per ordinary share/global depositary receipt1 (“GDR”) or RUB 8,017 million in total in accordance with the recommendation of the Board of Directors, including:
- a final dividend in the amount of RUB 23.25 per ordinary share/GDR or RUB 4,156 million;
- a special final dividend in the amount of RUB 21.60 per ordinary share/GDR or RUB 3,861 million.
- To appoint the members of the Board of Directors.
The notice of the AGM (including all resolutions proposed) with summary biographies of the candidates for the Board is available for viewing here.
ENQUIRIES
Globaltrans Investor Relations
Mikhail Perestyuk / Daria Plotnikova
+357 25 328 860
irteam@globaltrans.com
For international media
Lightship Consulting
Laura Gilbert
+44 7799 413351
Laura.Gilbert@lightshipconsulting.co.uk
NOTES TO EDITORS
Globaltrans is a leading freight rail transportation group with operations in Russia, the CIS and the Baltic countries. The Group’s main business is the provision of freight rail transportation services. Globaltrans provides services to more than 500 customers and its key customers include a number of large Russian industrial groups in the metals and mining and the oil products and oil sectors.
The Group had a Total Fleet of about 67 thousand units at the end of 2017. Universal gondola cars and rail tank cars constitute the backbone of the Group’s fleet. About 92% of the Total Fleet is owned by the Group with an average age of 11 years.
In 2017, the Group’s Freight Rail Turnover (including Engaged Fleet) was 178.2 billion tonnes-km with the total revenue amounted to RUB 78.1 billion.
Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008. Globaltrans was the first freight rail transportation group with operations in Russia to have an international listing.
To learn more about Globaltrans, please visit www.globaltrans.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] Subject to shareholders’ approval, dividends will be paid in USD with conversion from RUB to be executed at the official exchange rate for RUB of the Central Bank of Russia as of the date of the Annual General Meeting. The shareholder dividend record date is set as 23 April 2018. The GDRs will be marked as ex-dividend on 20 April 2018.