For immediate release 13 September 2022
Global Ports Investments PLC
Completion of transaction, conversion of non-voting shares and changes to the Board of Directors
Global Ports Investments PLC ("Global Ports" or the "Company" and, together with its subsidiaries and joint ventures, the "Group") (LSE ticker: GLPR) announces that the Company and its Board of Directors (the "Board") today received notice that APM Terminals B.V. (APMT) and Delo Group have closed the deal, announced on 30 August 2022, in which Delo Group, which owns 30.75% of the Company, entered into an agreement to acquire 30.75% shareholding in Global Ports from APMT.
Delo acquired 176,250,000 shares consisting of 126,814,024 voting shares and 49,435,976 non-voting shares with immediate conversion into voting shares.
Delo Group has now become controlling shareholder and owns 303,064,024 of voting shares (constituting 52.9% of the Company's total issued shares) and 49,435,976 of non-voting shares shares (constituting 8.6% of the Company's total issued shares.
The shareholders structure of Global Ports after transaction:
| | Total Number of Shares | Percentage | Number of Ordinary Voting Shares | Percentage | Number of Non-Voting Shares | Percentage |
| LLC Management Company Delo | 352,500,000 | 61.5% | 303,064,024 | 64.2% | 49,435,976 | 48.94% |
| LLC Delo-Center | ||||||
| LLC TransTerminal-Holding | ||||||
| Ilibrino Establishment Limited | 51,585,365 | 9.0% | 25,792,683 | 5.5% | 25,792,682 | 25.53% |
| Polozio Enterprises Limited | 51,585,365 | 9.0% | 25,792,683 | 5.5% | 25,792,682 | 25.53% |
| Free-float | 117,500,001 | 20.5% | 117,500,001 | 24.9% | 0 | 0.00% |
| Total | 573,170,731 | 100.0% | 472,149,391 | 100.0% | 101,021,340 | 100.00% |
The Group also announces that Mr.Soren Jakobsen, Mr. Mogens Petersen and Mr. Kristian Bai Holund have tendered their resignation from the Company's Board of Directors, effective from 13 September 2022.
The Board has elected Mr.Vladimir Bychkov as the Chairman of the Board of Directors and has elected Mr. Andrey Lenvalsky as the member of Nomitation and Renumeration committee.
ENQUIRIES
| Global Ports Investor Relations Mikhail Grigoriev / Tatiana Khansuvarova +7 (812) 677 15 57 +7 916 991 73 96 E-mail: ir@globalports.com | Global Ports Media Relations Margarita Potekhina +7 (812) 677 15 57 ext. 2889 +7 921 963 54 27 E-mail: media@globalports.com
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NOTES TO EDITORS
Global Ports Investments PLC is the leading operator of container terminals in the Russian market in terms of capacity and container throughput.[1]
Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign Russian trade and transit cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[2] and Moby Dik[3] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[4] (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park[5] located in the vicinity of St. Petersburg.
Global Ports' revenue for the first half of 2022 was USD 271.6 million and Adjusted EBITDA was USD 145.6 million. Consolidated Marine Container Throughput was 611 thousand TEUs in the first half of 2022.
Global Ports' major shareholder is Delo Group, the largest intermodal container and port operator in Russia[6] (61.5%). 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
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", "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 1H 2022 throughput and the information published by the "ASOP".
[2] In which Eurogate currently has a 20% effective ownership interest.
[3] Joint venture in which CMA Terminals currently has a 25% effective ownership interest.
[4] Joint ventures in each of which CMA Terminals currently has a 25% effective ownership interest.
[5] Joint venture in which CMA Terminals currently has a 25% effective ownership interest.
[6] According to publicly available data at www.delo-group.com.
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