Our Company was formed in 2004 when a group of like-minded entrepreneurs brought their freight rail businesses together to form Globaltrans, giving it the scale, governance and focus to become one of the leading players in the region. Those founders continue to be shareholders today with a combined stake of about 43% in total and their entrepreneurial spirit remains at the heart of our culture and approach. In addition, other directors and management of Globaltrans are shareholders in the Company representing about 0.2% of the issued share capital.
In 2008, Globaltrans’ founders recognised the benefits of an international listing and undertook an Initial Public Offering on the London Stock Exchange, becoming the first freight rail company serving Russian cargo flows to be listed internationally. Today, the majority of the Company’s shares are in the hands of the public with Globaltrans’ free float amounting to approximately 56.9% of the issued share capital.
The issued share capital of Globaltrans consists of 178,740,916 ordinary shares with a nominal value of USD 0.10 each, a certain portion of which is held in the form of Global Depositary Receipts (GDRs). The GDRs represent one ordinary share each and are listed and traded on the Main Market of the London Stock Exchange under the ticker GLTR. The Bank of New York Mellon is the depositary bank for the GDR programme of Globaltrans.
 For these purposes, the free float consists of the ordinary shares and GDRs held by investors not affiliated or associated with Globaltrans.
The information in this section is based upon notifications and other information received by the Company with respect to beneficial ownership as of 30 June 2019.
 Andrey Filatov, Nikita Mishin and Konstantin Nikolaev are co-founders of Globaltrans and are beneficiaries with regard to 11.5% and 11.5% and 10.8% respectively of Globaltrans’ ordinary share capital each through their respective SPVs (Marigold Investments Ltd, Onyx Investments Ltd and Maple Valley Investments Ltd).
 Beneficially owned by Alexander Eliseev, Non-executive Director and co-founder of Globaltrans.
 Beneficially owned by Sergey Maltsev, Chairman of the Board of Directors, Chief Strategy Officer and co-founder of Globaltrans.