11/11/2019 | Press release | Distributed by Public on 11/11/2019 01:05
11 Nov 2019
Changes in the Board of Directors
Global Ports Investments PLC ('Global Ports' or the 'Company', together with its subsidiaries and joint ventures, the 'Group' or the 'Global Ports Group'; LSE ticker: GLPR) today announces that Mr. Anton Chertkov, Member of the Board of Directors, Non-Executive Director, has informed the Board that he intends to step down from his role on 11 November 2019.
Global Ports Investor Relations
Mikhail Grigoriev / Tatiana Khansuvarova
+357 25 313 475
+7 916 991 73 96
Email: [email protected]
Global Ports Media Relations
+357 25 313 475
E-mail: [email protected]
Zoë Watt / Douglas Campbell
+44 20 7260 2700
E-mail: [email protected]
NOTES TO EDITORS
Global Ports Investments PLC
Global Ports Investments PLC is the leading operator of container terminals in the Russian market by capacity and container throughput1 .
Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal2 and Moby Dik3 in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland4 (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park5 located in the vicinity of St. Petersburg.
Global Ports' revenue for the first half of 2019 was USD 181.2 million and Adjusted EBITDA was USD 116.0 million. Consolidated Marine Container Throughput was 714 thousand TEU in the first half of 2019.
Global Ports' major shareholders are Delo Group, one of the largest private transportation and logistics holding companies in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 74 ports and 117 inland services facilities, giving the company a global presence in 58 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).
For more information please see: www.globalports.com
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could,' 'may' or 'might' or the negative of such terms or other similar expressions. Any forward-looking statement is based on information available to Global Ports as of the date of the statement and, other than in accordance with its legal or regulatory obligations, Global Ports does not intend or undertake to update or revise these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Forward-looking statements involve known and unknown risks and Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially from what is expressed or implied by these statements. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations. All written or oral forward-looking statements attributable to Global Ports are qualified by this caution.
(1) Company estimates based on 1H2019 throughput and the information published by the Association of Sea Commercial Ports ('ASOP').
(2) In which Eurogate currently has a 20% effective ownership interest.
(3) In which Container Finance currently has a 25% effective ownership interest.
(4) In each of which Container Finance currently has a 25% effective ownership interest.
(5) In which Container Finance currently has a 25% effective ownership interest.