REG - Globaltrans Inv PLC - Bank added to GDR buyback programme

Globaltrans InvestmentAnnouncement

28/02/2022 07:00

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RNS Number : 9411C  Globaltrans Investment PLC  28 February 2022

 

 

 

For immediate
release
28 February 2022

 

 

Globaltrans Investment PLC

 

Bank added to GDR buyback programme

 

Globaltrans Investment PLC (the "Company" and together with its consolidated
subsidiaries "Globaltrans" or the "Group"; LSE/MOEX ticker: GLTR) today
announces that it has entered into an agreement with Renaissance Capital to
conduct its buyback programme ("the Programme") on the Company's behalf and,
if required, to make trading decisions concerning purchases under the
Programme independently of the Company.

The Programme is for the Company's Global Depositary Receipts ("GDRs") listed
on the Main Market of the London Stock Exchange and the Moscow Exchange and is
executed under the authority that was granted by shareholders at the Annual
General Meeting ("AGM") held on 29 April 2021. This authority lasts for a
period of twelve months from that date and permits the Company to repurchase a
total number of GDRs not to exceed 5% of the Company's share capital
(equivalent to 8,937,046 shares, with each GDR representing one ordinary
share). The actual number of GDRs repurchased by the Company will depend on
market conditions.

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. Details
of any such purchase will be released via the Regulatory News Service of the
London Stock Exchange and published on the Company's website. In line with
relevant legislation, GDRs repurchased by the Company may be held in treasury
for up to two years.

 

ENQUIRIES

For investors

Mikhail Perestyuk / Daria Plotnikova

+357 25 328 860

irteam@globaltrans.com (mailto:irteam@globaltrans.com)

 

For Russian media

Anna Vostrukhova

+357 25 328 863

media@globaltrans.com (mailto:media@globaltrans.com)

 

For international media

Laura Gilbert, Lightship Consulting

+44 7799 413351

Laura.Gilbert@lightshipconsulting.co.uk
(mailto:Laura.Gilbert@lightshipconsulting.co.uk)

 

LEGAL DISCLAIMER

Information contained in this announcement concerning Globaltrans Investment
PLC, a company organised and existing under the laws of Cyprus (the "Company"
and together with its consolidated subsidiaries "Globaltrans" or the "Group")
is for general information purposes only. The opinions presented herein are
based on general information gathered at the time of writing and are subject
to change without notice. The Company relies on information obtained from
sources believed to be reliable but does not guarantee the accuracy or
completeness of such information.

The information in this announcement is subject to verification, completion
and change. Accordingly, no representation or warranty, express or implied, is
made or given by or on behalf of the Company or any of its shareholders,
directors, officers or employees or any other person as to the accuracy,
completeness or fairness of the information or opinions contained in this
announcement. 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 may contain 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", "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 concerning, among other
things, Globaltrans' results of operations, financial condition, liquidity,
prospects, growth, strategies, and the industry in which the Company operates.
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. 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
information contained in this announcement or on its completeness, accuracy or
fairness.

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