NCSP Group reports that the Annual general meeting of PJSC NCSP shareholders, held on 30 July 2015, has approved the resolution to distribute as dividends retained earnings accumulated prior to 2014 in the total amount of 4,499,092,877.44 rubles at the rate of 0.2336 rubles per share;
Besides, AGM elected the following members to the Board of Directors of PJSC NCSP: Mikhail V. Barkov; Maksim S. Grishanin; Vladimir A. Kayashev; Sergey S. Kireev; Vitaliy Y. Sergeychuk; Marat M. Shaydaev.
The Board of Directors of PJSC NCSP consists of seven seats. Six Directors are elected at AGM, and the seventh Director is appointed by the Government of Russia as state’s representative on the Board under the golden share right. Since 2011 this post is held by Viktor Olerskiy, Deputy Minister of Transportation.
Deloitte & Touche CIS has been approved as the auditor for 2015.
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2014 totalled USD 956 million and EBITDA was USD 569 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC Baltic Stevedore Company, and CJSC SFP.