Update on mandatory conversion of GDR
IJSC “Global Ports Investments” (“Global Ports” or the “Company”, together with its subsidiaries and joint ventures — the “Holding”, part of the Delo Group) hereby reminds holders of global depositary receipts (GDR) (ISIN US37951Q2021, US37951Q1031) certifying rights in respect of shares of IJSC “GPI” (OGRN 1232500035107), whose GDR rights are recorded by foreign organisations, that from August 26, 2024 to December 23, 2024 inclusive, the procedure of mandatory conversion of GDR is underway.
Those GDR holders, who applied for cancellation (conversion) of GDR to the depositary bank JP Morgan Chase Bank, N.A. in 2023, the Company reminds that no instructions for cancellation (conversion) were executed by the depositary bank, and all GDR were credited back to holders’ accounts. Thus, such GDR holders may participate in mandatory conversion as well.
Before applying for mandatory conversion, GDR holders are advised to study the rules and the procedure carefully (www.mrz.ru/en/shareholders/services) and prepare all necessary documents.
All information related to mandatory conversion of GDR is available on the Company’s official website in the section “Investors” (www.globalports.com/en/investors/gdr-holders/#tabs-english). If you have any additional questions on mandatory conversion of GDR, you can contact the IR team by email ir@globalports.com or the “IRC” (Registry Holder) directly by e-mail info@mrz.ru.
ENQUIRIES
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Global Ports Investor Relations +7 (812) 459 42 42 E-mail: ir@globalports.com |
Global Ports Media Relations +7 (812) 459 42 42 ext. 2887 E-mail: pr@globalports.com |
NOTES TO EDITORS
Global Ports is the leading operator of container terminals in the Russian market in terms of capacity and container throughput.1 Global Ports operates 5 (five) container terminals in the Russian Baltics and Far East, and 2 (two) container terminals in Europe. Global Ports also owns inland container terminal that is located in the vicinity of St. Petersburg. Global Ports’ Consolidated Marine Container Throughput was 568 thousand TEU in H1 2024. Global Ports’ major shareholder is Delo Group, the largest Russian transport and logistics holding company, which owns and manages a network of marine and inland railway container terminals, a fleet of container flatcars, containers, and fitting platforms, as well as its own fleet of vessels.
Additional information about Global Ports can be found on the Company’s official website, as well as in the official telegram channel of the Delo Group.
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 2023 throughput and the information published by the ASOP.