REG - PJSC Novorossiysk - Resolutions of PJSC NCSP's Board of Directors <Origin Href="QuoteRef">NMTP.MM</Origin>

Novorossiyskiy morskoy torgovyi port PAOAnnouncement

17/02/2016 11:01

RNS Number : 3210G
PJSC Novorossiysk Comm. Sea Port
20 November 2015
Press-release
Resolutions of PJSC NCSP's Board of Directors 
20 November 2015
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports resolutions approved by PJSC NCSP's Board of Directors in a meeting dated 19 November 2015, which are subject to mandatory disclosure under Russian law.
To approve a related party transaction between PJSC NCSP as the seller and PJSC NGT as the buyer, which consist of the sale of the land plot with buildings on it, located at the city of Novorossiysk, for the total amount of 200000000 rubles.
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 2014 totalled USD 956 million and EBITDA was USD 569 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

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