Novorossiysk Commercial Sea Port (LSE: NCSP, RTS: NMTP, MICEX: NMTP) (“NCSP”) announces that Annual General Meeting of Shareholders of NCSP will be held on 12 June 2008 at 1:00 pm (Moscow time) at 16 Portovaya Street, Novorossiysk.
Agenda of the Annual General Meeting of Shareholders of NCSP:
1. Approval of the annual report;
2. Approval of the annual accounting reports, including the Profit and Loss Report (account of profits and losses);
3. Approval of Distribution of Profit as per the results of 2007;
4. On amounts, time and form of payment of dividends for 2007;
5. Election of members of the Board of Directors (supervisory board);
6. Election of members of Inspection Commission (as inspector);
7. Approval of Auditor.
Further details on other issues related to the Shareholders Meeting will be made available through an official notice to be distributed by NCSP to its shareholders prior to the Annual General Meeting of Shareholders.
Official notice will be available on the web-site of NCSP in section “To Investors and Shareholders” - www.nmtp.info
NCSP operates primarily at the Port of Novorossiysk (the "Port"), a multi-purpose, yearround, deep-water port located on the Russian shore of the Black Sea which has geographic, topographic and infrastructure advantages in comparison to ports and
potential port sites in the Black Sea-Azov basin. The Port is Russia's largest sea port in terms of cargo turnover volume according to the Association of Russian Sea Ports, and Europe's fifth largest commercial sea port by cargo volume in 2005, according to Global Insight/ISL.
NCSP is a key Southern gateway for the import and export of a wide range of cargoes to and from the Russian economy (including oil, oil products, timber, grain, fertilizers, ferrous metals, containers, automobiles and general cargo). NCSP handles approximately 20% by volume of cargoes shipped through Russian sea ports according to the Association of
Russian Sea Ports.
During 2006, NCSP consolidated its shareholdings in the majority of other operators and stevedores in the Port.
Agenda of the Annual General Meeting of Shareholders of NCSP:
1. Approval of the annual report;
2. Approval of the annual accounting reports, including the Profit and Loss Report (account of profits and losses);
3. Approval of Distribution of Profit as per the results of 2007;
4. On amounts, time and form of payment of dividends for 2007;
5. Election of members of the Board of Directors (supervisory board);
6. Election of members of Inspection Commission (as inspector);
7. Approval of Auditor.
Further details on other issues related to the Shareholders Meeting will be made available through an official notice to be distributed by NCSP to its shareholders prior to the Annual General Meeting of Shareholders.
Official notice will be available on the web-site of NCSP in section “To Investors and Shareholders” - www.nmtp.info
NCSP operates primarily at the Port of Novorossiysk (the "Port"), a multi-purpose, yearround, deep-water port located on the Russian shore of the Black Sea which has geographic, topographic and infrastructure advantages in comparison to ports and
potential port sites in the Black Sea-Azov basin. The Port is Russia's largest sea port in terms of cargo turnover volume according to the Association of Russian Sea Ports, and Europe's fifth largest commercial sea port by cargo volume in 2005, according to Global Insight/ISL.
NCSP is a key Southern gateway for the import and export of a wide range of cargoes to and from the Russian economy (including oil, oil products, timber, grain, fertilizers, ferrous metals, containers, automobiles and general cargo). NCSP handles approximately 20% by volume of cargoes shipped through Russian sea ports according to the Association of
Russian Sea Ports.
During 2006, NCSP consolidated its shareholdings in the majority of other operators and stevedores in the Port.