REG - Globaltrans Inv PLC - Transaction in Own Shares

Globaltrans InvestmentAnnouncement

04/03/2022 07:00

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RNS Number : 6105D  Globaltrans Investment PLC  04 March 2022

 

 

 

For immediate
release
4 March 2022

 

 

Globaltrans Investment PLC

 

Transaction in own shares

 

Globaltrans Investment PLC (the "Company" and together with its consolidated
subsidiaries "Globaltrans" or the "Group", LSE/MOEX ticker: GLTR) today
announces that from 22 February to 3 March 2022 it purchased 345,780 of its
Global Depositary Receipts ("GDRs"), which will be held in treasury. Further
details are set out below:

 

GDRs purchased on the London Stock Exchange

 Date of purchase  Number of GDRs purchased  VWAP (USD) 1  (#_ftn1)  Highest price paid (USD)  Lowest price paid (USD)
 22 February 2022  90,000                    6.1590                  6.4000                    5.8600
 28 February 2022  78,400                    1.8187                  2.0000                    1.7400
 01 March 2022     87,380                    1.5491                  1.8960                    1.1040

 

GDRs purchased on the Moscow Exchange

 Date of purchase  Number of GDRs purchased  VWAP (RUB)(1)  Highest price paid (RUB)  Lowest price paid (RUB)
 22 February 2022  90,000                    484.6725       519.4000                  453.5500

 

To date, following the GDRs have been purchased as part of the buyback
programme:

 Number of GDRs held in treasury 2  (#_ftn2)                             422,657
 Total shares (including GDRs) in issue excluding GDRs held in treasury  178,318,259
 Total shares (including GDRs) in issue                                  178,740,916

 

The total number of GRDs held in treasury represents 0.24% of the Company's
share capital.

 

The Company has purchased these GDRs under the authority granted by
shareholders at its Annual General Meeting ("AGM") 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.

 

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)

 

NOTES TO EDITORS

Globaltrans Investment PLC ("Company" and together with its consolidated
subsidiaries "Globaltrans" or the "Group") is a leading freight rail
transportation group with subsidiary operations across Russia, the CIS and the
Baltic countries.

The Company was founded in 2004 by a group of entrepreneurs who combined their
freight rail businesses under the single brand Globaltrans. These founders
remain key shareholders of the Group.

Throughout its years of operation, the Company has pursued a prudent approach
to investment, expanding its fleet both by means of organic growth and through
the acquisition of other rail operators. Globaltrans' total fleet is currently
almost three times larger than it was at the time of the Company's IPO in
2008.

The Group's dividend policy establishes a transparent and straightforward
approach to the payment of dividends and is supported by a long history of
delivering attractive shareholder remuneration.

Globaltrans global depositary receipts (GDRs) have been traded on the Main
Market of the London Stock Exchange (ticker symbol: GLTR) since May 2008 and
on the Level One quotation list of the Moscow Exchange since October 2020
(ticker symbol: GLTR).

Due to its vast logistics capabilities, the Group is able to efficiently
manage industrial cargo flows, transporting metallurgical cargoes, oil
products and oil, coal and construction materials. The Group serves a broad
range of clients in Russia and the CIS including some of Russia's leading
companies.

Globaltrans has a total fleet (including owned and leased in under finance and
operating leases) of more than 68 thousand units as of the end of September
2021, of which about 95% are owned by the Company. The core of the fleet is
universal gondola cars used for a broad range of bulk cargoes (69% of total
fleet) and tank cars for transporting oil products and oil (28% of total
fleet). Globaltrans also manages its own fleet of mainline locomotives with 71
units that mostly provide traction for its block trains.

The Group's logistics management principally aims to provide reliable
services, responding promptly and flexibly to customer needs, while achieving
a good level of profitability for the business. The main component of the
Group's centralised logistics system is its single dispatching centre that
monitors every aspect of Globaltrans' fleet operation. By effectively managing
shipments and routes, Globaltrans ensures high utilisation of its fleet and
achieves maximum productivity and quality of service.

Additional information on Globaltrans is available at www.globaltrans.com.
(http://www.globaltrans.com/)

 

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.

 1  (#_ftnref1) Volume weighted average price (VWAP).

 2  (#_ftnref2)  Including 76,877 GDRs purchased under the buyback programme
that expired in 2021.

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