NCSP EGM to re-elect Board of Directors
The Board of Directors of Novorossiysk Commercial Sea Port (NCSP, part of NCSP Group), on December 12, 2011 set the date of NCSP stockholders’ Extraordinary General Meeting to be held on March 5, 2012, the Group said.
The EGM agenda includes early termination of office of the Board of Directors elected by the Annual General Meeting of Shareholders on June 30, 2011, and the election of a new Board of the Company.
The EGM will convene under the request of Novoport Holding Ltd., which owns a 50.1-percent stake in NCSP.
Novorossiysk Commercial Sea Port Group is the largest Russian port operator. The NCSP Group incorporates the following stevedore companies: PJSC Novorossiysk Commercial Sea Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NovorosLesExport, OJSC IPP, Baltic Stevedoring Company Ltd. and PJSC Primorsk Trade Port Ltd. (since 2011). Cargo throughput of NCSP Group in 2010 (excluding PTP) totaled 81,6 million tons.