REG - PJSC Novorossiysk - Material Information Disclosure <Origin Href="QuoteRef">NMTP.MM</Origin>

Novorossiyskiy morskoy torgovyi port PAOAnnouncement

03/03/2016 20:47

RNS Number : 5438M
PJSC Novorossiysk Comm. Sea Port
21 January 2016
 Material Information Disclosure
21.01.2016
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports,
That as of 31 December 2015 the PJSC NCSP and its subsidiary companies have cash deposited at Vneshprombank Ltd bank.
As of 31.12.2015 the total amount of Group's deposits at Vneshprobank in ruble terms comprised 18684886thousand rubles, which is equivalent to 256 369thousand US dollars at the Russian Central bank's rate as of 31.12.2015.
The Central Bank of Russia introduced temporary administration at Vneshprombank by the order dated 18 December 2015.
The Central Bank has imposed a three month moratorium on fulfillment of Vneshprombank's creditors' claims since 22 December 2015.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2013 totalled USD 928 million and EBITDA was USD 510 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC Baltic Stevedore Company, and CJSC SFP.
Contacts
Kristina Senko, Public Relations;
KSenko@ncsp.com
Mikhail Shchur, Investor Relations;
MShchur@ncsp.com

This information is provided by RNS
The company news service from the London Stock Exchange
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