REG - Globaltrans Inv PLC - Results of EGM on GDR Buyback

Globaltrans InvestmentAnnouncement

12/05/2020 16:00

RNS Number : 6752M
  
Globaltrans Investment PLC
  
12 May 2020
  
 

 
For immediate release                                                                                                          12 May 2020
 
 
 
Globaltrans Investment PLC
 
Globaltrans announces results

of its EGM on GDR Buyback
 
Globaltrans Investment PLC (together with its consolidated subsidiaries the "Company", "Globaltrans" or the "Group", LSE ticker: GLTR) today announces that the Company held its Extraordinary General Meeting of shareholders ("EGM") on 12 May 2020 under the chairmanship of Mr. Sergey Maltsev, Chairman of the Board, Executive Director.
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 approved, by a majority of over three fourths of shares voting, the buyback programme of the Company's Global Depositary Receipts ("GDRs") listed on the Main Market of the London Stock Exchange for a period of twelve months following the EGM (the "Programme"). The maximum number of GDRs repurchased under the Programme will not exceed 5% of the Company's share capital (equivalent to 8,937,046 shares).
Purchases will be carried out in compliance with the relevant conditions for trading, as well as restrictions regarding pricing, timing and volume, and may take place in multiple instalments over the course of the Programme with details of any such purchase released via the Regulatory News Service of the London Stock Exchange and published on the Company's corporate website. In line with relevant legislation, GDRs repurchased by the Company may be held in treasury for up to two years. The Company may appoint an independent third party to carry out the Programme as an agent or independently of the Company.
The launch of the Programme will be announced separately.
The Minutes of the EGM are available to view at the office of the Company at 4 Profiti Ilia Street, 2nd floor, 4046 Germasogeias, Limassol, Cyprus, and will be submitted to the National Storage Mechanism and be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism following publication.
 
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 (together with its consolidated subsidiaries "Globaltrans" or the "Group") is a leading freight rail transportation group with operations across Russia, the CIS and the Baltic countries. The Group operates one of the largest railcar fleets in the region, comprised mainly of universal gondola cars capable of carrying a wide range of bulk cargoes, and tank cars for oil products and oil. The Group's sophisticated logistics capabilities add value to more than 500 customers including leading industrial groups serviced under extensive outsourcing contracts.
The Group had a Total Fleet of 70.7 thousand units at the end of 2019 of which about 96% were in ownership with an average age of 11.5 years. In 2019, the Group's Freight Rail Turnover (including Engaged Fleet) was 161.5 billion tonnes-km with the total revenue amounting to RUB 95.0 billion.
Globaltrans is an entrepreneur founded and led group with its Global Depositary Receipts (ticker symbol: GLTR) listed on the Main Market of the London Stock Exchange since May 2008.
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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