Update on termination of GDR Program
Global Ports Investments PLC ("Global Ports" or the "Company" and, together with its subsidiaries and joint ventures, the "Group") (LSE ticker: GLPR) provides an update on termination date of its GDR Program ("DR").
On 15 February 2023, Global Ports announced the delivery of a notice to JPMorgan Chase Bank, N.A., as depositary for its GDR program (the “Depositary”) to terminate the GDR deposit agreement dated 28 June 2011 between the Company and the Depositary (as amended) (the “GDR Deposit Agreement”) on 11 April 2023 (the “Termination”).
In order to allow more Holders to cancel their GDRs the Company decided to extend a period for the cancelation by 60 days and in the Notice sent to the Depositary sets the New Termination Date on June 12, 2023.
Prior to the New Termination Date, Holders may cancel their GDRs and, subject to the payment of surrender fees and otherwise in accordance with the GDR Deposit Agreement, receive the relevant number of Shares represented by the GDRs they hold.
ENQUIRIES
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Global Ports Investor Relations +7 (812) 459 42 42 +7 916 991 73 96 E-mail: ir@globalports.com |
Global Ports Media Relations +7 (812) 459 42 42 ext. 2889 +7 921 963 54 27 E-mail: media@globalports.com |
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 Terminal2 and Moby Dik in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland3 (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park located in the vicinity of St. Petersburg.
Consolidated Marine Container Throughput was 992 thousand TEUs in 2022.
Global Ports’ major shareholder is Delo Group, the largest intermodal container and port operator in Russia4
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 FY 2022 throughput and the information published by the “ASOP”.
2 In which Eurogate currently has a 20% effective ownership interest.
3 Joint ventures in each of which CMA Terminals currently has a 50% effective ownership interest.
4 According to publicly available data at www.delo-group.com.