The Board of Directors of NCSP PJSC announced it had decided to hold the Annual General Meeting of Shareholders – on June 15, 2012 at 12:00 p.m., the NCSP Group said. The date for making the list of shareholders is April 25, 2012.
The agenda items of the Annual General Meeting of Shareholders arethe following:
- on approval of the Company’s Annual Report;
- on approval of the Annual financial accounts including the Company’s profit and loss statements (profit-and-loss accounts);
- on approval of distribution of Company’s profit for 2011;
- on approval of the amount and terms of dividend payment for 2011;
- on election of the Board of Directors (supervisory board);
- on election of the Audit commission;
- on approval of the Auditor.
The Board of Directors of NCSP PJSC approved management proposal to recommend the AGM to make the following decision on distribution of Company’s net profit in the amount of 1,314,408,407.01 (one billion three hundred and fourteen millionfour hundred and eight thousand four hundred and seven) rubles:
a) To allocate 452,605,661.90 (four hundred fifty-two million six hundred and five thousand six hundred sixty-one) rubles for dividend payment. To fix the amount of dividends at the rate of 0.0235 (point zero two hundred thirty-five) rubles per share.
b) To allocate remaining cash assets in the amount of 861,802,745.11 (eight hundred sixty-one million eight hundred and two thousand seven hundred forty-five) rubles for Company development.
About NCSP Group
NCSP Group is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). 50.1% shares of PJSC NCSP belong to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS in 2011 totaled $1 050 million and EBITDA of $550 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Oil Terminal Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC NLE, OJSC IPP, and Baltic Stevedore Company Ltd.
The agenda items of the Annual General Meeting of Shareholders arethe following:
- on approval of the Company’s Annual Report;
- on approval of the Annual financial accounts including the Company’s profit and loss statements (profit-and-loss accounts);
- on approval of distribution of Company’s profit for 2011;
- on approval of the amount and terms of dividend payment for 2011;
- on election of the Board of Directors (supervisory board);
- on election of the Audit commission;
- on approval of the Auditor.
The Board of Directors of NCSP PJSC approved management proposal to recommend the AGM to make the following decision on distribution of Company’s net profit in the amount of 1,314,408,407.01 (one billion three hundred and fourteen millionfour hundred and eight thousand four hundred and seven) rubles:
a) To allocate 452,605,661.90 (four hundred fifty-two million six hundred and five thousand six hundred sixty-one) rubles for dividend payment. To fix the amount of dividends at the rate of 0.0235 (point zero two hundred thirty-five) rubles per share.
b) To allocate remaining cash assets in the amount of 861,802,745.11 (eight hundred sixty-one million eight hundred and two thousand seven hundred forty-five) rubles for Company development.
About NCSP Group
NCSP Group is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). 50.1% shares of PJSC NCSP belong to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS in 2011 totaled $1 050 million and EBITDA of $550 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Oil Terminal Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC NLE, OJSC IPP, and Baltic Stevedore Company Ltd.