Global Ports Investments : EGM results

30 Dec 2019

EGM results

Global Ports Investments PLC ('Global Ports' or the 'Company', together with its subsidiaries and joint ventures, the 'Group'; LSE ticker: GLPR) today announces the results of the Company's Extraordinary General Meeting (EGM) held under the chairmanship of Mr. Artemis Thomaides.

The EGM was held at BG WAYWIN PLAZA, Office 302, 62 Agiou Athanasiou Avenue, 4102, Limassol, Cyprus on 30 December 2019 at 10-00am (Cyprus time) and had a quorum with 422,713,415 ordinary shares of the Company, which constitutes 100% of the issued share capital of the Company entitled to participate in this meeting and vote on the matters of the agenda.

The EGM adopted the following resolutions:

1. To approve the gross remuneration payable to Mr. Lampros Papadopoulos for the fulfilment of the duties of the member of the Board of Directors of the Company at EUR60.000 per annum starting from 1st January 2020; and

2. To approve the gross remuneration payable to Mr. Lampros Papadopoulos for the membership in the Strategy Committee of the Board of Directors at EUR5.000 per annum starting from 1st January 2020.

These changes in renumeration were proposed to reflect market benchmarks, the remuneration of other Independent Directors and Mr. Lampros Papadopoulos' membership of the Strategy Committee

ENQUIRIES

Global Ports Investor Relations
Mikhail Grigoriev / Tatiana Khansuvarova
+357 25 313 475
+7 916 991 73 96
Email: ir@globalports.com

Global Ports Media Relations
Anna Vostrukhova
+357 25 313 475
E-mail: media@globalports.com

Teneo
Zoë Watt / Douglas Campbell
+44 20 7260 2700
E-mail: globalports@teneo.com

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 million⁶ and Adjusted EBITDA was USD 116.0 million. Consolidated Marine Container Throughput was 714 thousand TEU in the first half of 2019⁷.

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 it a global presence in 58 countries. 20.5% of the shares in Global Ports are traded in the form of global depositary receipts on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information please see: www.globalports.com

LEGAL DISCLAIMER

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', 'plan', 'project', 'believe', 'target', 'anticipate', 'estimate', 'intend', 'will', 'could,' 'may', 'should' or 'might' or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. 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.

(1) Management estimates based on the information published by the Association of Sea Commercial Ports ('ASOP'), www.morport.com and public sources.
(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.
(6) According to the Group's Interim Condensed Consolidated Financial Information (unaudited) for the six month period ended 30 June 2019.
(7) According to the Group's operational results.

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