Stockholders elect Novoship Board, approve dividend payments
Stockholders of Novorossiysk Shipping Company (JSC Novoship, part of Sovcomflot Group) at the annual general meeting on June 23 elected the company’s Board of Directors, the Novoship’s press service said. The stockholders have also approved the payment of dividends for 2009, 1.05 ruble/common preference stock. The company’s total payments will amount to 390.636 million rubles.
The new Board of Directors of Novoship includes Executive Vice-President of Sovcomflot Eugene Ambrosov, Executive Vice-President / Chief Strategy and Financial Officer Sovcomflot Nikolai Kolesnikov, First Vice-President of Gazprombank" (Independent Director) Victor Komanov, Sovcomflot’s Executive Vice-President Vladimir Mednikov, Unicom Management Services Ltd. – CEO Sergei Popravko, UFG Asset Management Group, UFG Private Equity – Senior Managing Partner Robert Sasson, CEO of Trans-Balkan Pipeline BV (independent director) Alexander Tarakanov, Novoship President Igor Tonkovidov, Sovcomflot Presidet and CEO Sergey Frank.
A meeting of the Board of Directors and the Audit Commission of OAO Novoship was held on the same day. Sergei Frank was elected Chairman of Novoship Board.
"Following the highest standards of corporate management, the Company is expanding the practice of inviting to the Board of Directors of Novoship" independent directors. The election of Viktor Komanov and Alexander Tarakanov members of the Board would support the Board of Directors and Management of Novoship JSC to work on the Strategic Development Plan until 2015,” said in his address to the company’s stockholders the Board Chairman Sergei Frank.
To date, the authorized capital stock of Novoship amounts to 412,660,422 securities, including 375,840,500 common stocks and 36,819,922 preferred stocks. Sovcomflot’s stake, together with its affiliates in the authorized capital of Novoship JSC during 2009 boosted from 74.29% to 86.63%.
Novoship company owns and operates its fleet of 54 ships, 4.5 million DWT, vessels average age - 6,6 years. Novoship’s shipbuilding program includes 11 vessels of 850,000DWT. By the end of this year the company will take delivery of two Suezmax tankers.
The new Board of Directors of Novoship includes Executive Vice-President of Sovcomflot Eugene Ambrosov, Executive Vice-President / Chief Strategy and Financial Officer Sovcomflot Nikolai Kolesnikov, First Vice-President of Gazprombank" (Independent Director) Victor Komanov, Sovcomflot’s Executive Vice-President Vladimir Mednikov, Unicom Management Services Ltd. – CEO Sergei Popravko, UFG Asset Management Group, UFG Private Equity – Senior Managing Partner Robert Sasson, CEO of Trans-Balkan Pipeline BV (independent director) Alexander Tarakanov, Novoship President Igor Tonkovidov, Sovcomflot Presidet and CEO Sergey Frank.
A meeting of the Board of Directors and the Audit Commission of OAO Novoship was held on the same day. Sergei Frank was elected Chairman of Novoship Board.
"Following the highest standards of corporate management, the Company is expanding the practice of inviting to the Board of Directors of Novoship" independent directors. The election of Viktor Komanov and Alexander Tarakanov members of the Board would support the Board of Directors and Management of Novoship JSC to work on the Strategic Development Plan until 2015,” said in his address to the company’s stockholders the Board Chairman Sergei Frank.
To date, the authorized capital stock of Novoship amounts to 412,660,422 securities, including 375,840,500 common stocks and 36,819,922 preferred stocks. Sovcomflot’s stake, together with its affiliates in the authorized capital of Novoship JSC during 2009 boosted from 74.29% to 86.63%.
Novoship company owns and operates its fleet of 54 ships, 4.5 million DWT, vessels average age - 6,6 years. Novoship’s shipbuilding program includes 11 vessels of 850,000DWT. By the end of this year the company will take delivery of two Suezmax tankers.