Globaltrans announces the transfer of its operating subsidiaries and the assignment of rights under intra-group loans to the Purchaser
17.04.2025
Globaltrans Investment PLC (the “Company”) today announces that, as part of the asset sale transaction approved by the adjourned extraordinary General Meeting of Shareholders of the Company on 10 April 2025 (the “Asset Sale Transaction”), the Company has transferred 100% equity interest in each of Limited Liability Company “BaltTransServis”, Limited Liability Company “GTI Management” (“GTIM LLC”), Joint-Stock Company “New forwarding company”, Joint-Stock Company “Ural Wagonrepair Company” and Adaptive Capital Ltd. (“Adaptive”) to KSP Capital Asset Management Limited Liability Company being the trust management company (Д.У.) of the Closed-End Unit Investment Combined Fund "Transatlant" (the “Purchaser”) and has assigned any and all rights (including the right to demand and receive principal amounts and accrued interests) under intra-group loan agreements between the Company and GTIM LLC and between the Company and Adaptive to the Purchaser.
In accordance with the terms of the Asset Sale Transaction, the Purchaser shall pay the aggregate consideration of USD 767 million payable in Russian Roubles to the Company within 90 days from the closing date.
As previously disclosed, the Company intends to distribute all or substantially all of the proceeds from the Asset Sale Transaction as a special dividend. Any such distribution, including the amount thereof and the relevant record date, is subject to a resolution of the Company's Board of Directors being passed.
ENQUIRIES
For investors
Mikhail Perestyuk / Daria Plotnikova
+971 2 877 6840
irteam@globaltrans.com
For media
Anna Vostrukhova
+971 2 877 4166
media@globaltrans.com
EM
globaltrans@em-comms.com
LEGAL DISCLAIMER
Information contained in this announcement concerning the Company is for general information purposes only. The statements and any opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice.
None of the Company nor any of its shareholders, directors, officers or any other person accepts any liability whatsoever for any loss howsoever arising from any use of the contents of this announcement or otherwise arising in connection therewith. This announcement does not constitute an offer or an advertisement of any securities in any jurisdiction. The distribution of this announcement in other jurisdictions may be restricted by law and any such restrictions should be observed.
This announcement may contain forward-looking statements regarding future events. You can identify forward looking statements by terms such as “expect”, “believe”, “estimate”, “anticipate”, “intend”, “will”, “could”, “may”, or “might”, the negative of such terms or other similar expressions. These forward-looking statements include matters that are not historical facts and statements regarding the Company’s intentions, beliefs or current expectations. By their nature, forward looking statements involve risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that Globaltrans’ actual results of operations, financial condition, liquidity, prospects, growth, strategies and the development of the industry in which Globaltrans operates may differ materially from those described in or suggested by the forward-looking statements contained in this announcement.
In addition, even if Globaltrans’ results of operations, financial condition, liquidity, prospects, growth strategies and the development of the industry in which the Company operates are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in future periods. Unless otherwise set out herein, the Company does not intend to update this announcement or reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause actual results to differ materially from those contained in forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, market changes in the Russian freight rail market, as well as many of the risks specifically related to Globaltrans and its operations. No reliance may be placed for any purposes whatsoever on the forward-looking statements contained in this announcement.