REG - Globaltrans Inv PLC - EGM Results

Globaltrans InvestmentAnnouncement

20/09/2019 12:30

RNS Number : 1475N
Globaltrans Investment PLC
20 September 2019
 


 
 
For immediate release                                                                                              20 September 2019
 
 
Globaltrans Investment PLC
 
Globaltrans announces

Extraordinary General Meeting results
 
Globaltrans Investment PLC (together with its consolidated subsidiaries the "Company", "Globaltrans" or the "Group", LSE ticker: GLTR) announces that the Company held its Extraordinary General Meeting of shareholders ("EGM") today, 20 September 2019, under the chairmanship of Executive Director Mr. Sergey Maltsev, Chairman of the Board.
The EGM was held at 4 Profiti Ilia Street, 4046 Germasogeias, Limassol, Cyprus and had a quorum of 178,740,916 shares present, corresponding to 100% of the issued and outstanding shares.
The EGM passed by a majority of members the resolution to appoint Vasilis P. Hadjivassiliou to the Board as an Independent Non-executive Director of the Company until the conclusion of the Annual General Meeting of shareholders of the Company, which will take place in 2020 with an annual gross remuneration of EUR 50 000 (fifty thousand).
The Minutes of the EGM are available for viewing at the office of the Company at 4 Profiti Ilia Street, 2nd floor, 4046 Germasogeias, Limassol, Cyprus, and will also shortly be available at the National Storage Mechanism of the UK Listing Authority at www.hemscott.com/nsm.do.
 
Brief biography of Vasilis P. Hadjivassiliou, Independent Non-executive Director
Mr. Hadjivassiliou was a partner in Assurance and Advisory services in PricewaterhouseCoopers (PwC), Cyprus, from 1990 until 2018 when he retired. During this time he also held various leadership positions with PwC, including as an elected member of the Executive Board, Head of the Limassol office as well as a number of other offices in Cyprus and was a leading figure in business development.
He has extensive experience in auditing, International Financial Reporting Standards and business advisory services having served major local and international groups including entities publicly listed on the London Stock Exchange as well as in Cyprus.
Vasilis graduated from University of Manchester and is a Fellow of the Institute of Chartered Accountants of England and Wales.
 
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 prominent Russian industrial groups in the metals and mining and the oil products and oil sectors.
The Group had a Total Fleet of more than 70 thousand units at 30 June 2019. Universal gondola cars and rail tank cars constitute the backbone of the Group's fleet. About 95% of the Total Fleet is owned by the Group with an average age of 11 years.
In the first six months of 2019, the Group's Freight Rail Turnover (including Engaged Fleet) was 76.1 billion tonnes-km with the total revenue amounting to RUB 47.2 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.




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