13th Jun 2008 14:14
Press-release
Statement of the Annual General Meeting of Shareholders of Novorossiysk Commercial Sea Port
June 13, 2008
Novorossiysk Commercial Sea Port (LSE: NCSP, RTS: NMTP, MICEX: NMTP) ("NCSP") announces that the Annual General Meeting of Shareholders of NCSP was held on 12th June 2008 in Novorossiysk.
The number of votes of shareholders that took part in the AGM (calculated at the beginning of the AGM) is 17 959 445 627, which makes up 93,25%.
According to the results of the Annual General Meeting, the following resolutions were passed:
|
№ |
Resolutions |
|
1 |
To approve the annual report |
|
2 |
To approve the annual accounting reports, including the Profit and Loss Report (account of profits and losses) |
|
3 |
To approve the distribution of Profit as per the results of 2007 To pay dividends from the 2007 profit to the sum of 356 306 584.9 rubles |
|
4 |
To accept the NCSP Board of Directors` proposal to pay dividends for 2007 To pay cash dividends for 2007 of 0.0185 rubles per one share. To distribute dividends starting from September 1st, 2008 |
|
5 |
To elect members of the Board of Directors of NCSP: Alexander A. Davydenko - chief of Federal Agency of sea and river transport of Transport Ministry of Russia Georgiy A. Koryashkin - CEO of "NPV Engineering" Yuriy V. Parfenov - CEO of FGUP «Rosmorport» Alexander A. Ponomarenko - Chairman of the Board of Directors of NCSP Sergey N. Pushkin - president of "Transkreditbank" Vladimir G. Ulyanov - chief of internal control service of NCSP, prorector of Chernomorskaya Humanitarian Academy, professor of criminal procedure law department of Moscow State Law Academy Alexander O. Chubarian - director of Institute of general history of RAN, president of State Universtity of Humanitarian Sciences |
|
6 |
To elect members of Inspection Commission of NCSP: Tatyana S. Vnukova - chief of planned-budget department of Moscow office of NCSP Nadezhda E. Krasivicheva - deputy chief of financial and accounting department of Federal Agency of sea and river transport of Transport Ministry of Russia Julia V. Maslova - chief of department of planning, deputy Head of business-planning Division of Moscow office of NCSP Tatyana P. Chibinyaeva - CFO of Moscow office of NCSP Marina M. Yazeva - chief accountant of Moscow office of NCSP |
|
7 |
To approve the Auditor of NCSP for 2008 - Deloitte & Touche |
Igor Vilinov, CEO of NCSP, said: "The structure of the Board of Directors has not changed fundamentally this year. As before, it consists of representatives from various industries - businessmen, scientists, and government representatives. It is worth noting that GDR holders have also joined the voting".
The issued share capital of NCSP is 192 598 154 rubles, which is divided into 19 259 815 400 shares of 0.01 rubles each.
NCSP Novorossiysk Commercial Sea Port (NCSP) is Russia's largest sea port operator by cargo turnover, according to Association of Sea Ports. NCSP`s total cargo turnover in 2007 amounted to 79,4 mln. tons, according to consolidated results. NCSP is listed on London Stock Exchange and Russian stock exchanges RTS and MICEX. In 2007 NCSP had revenues of $483,4 mln. with EBITDA of $227,9 mln. and net profit of $93,7 mln. (consolidated results).
NCSP is the largest stevedore company of port Novorossiysk, a multi-purpose deep-water port complex located on the Black Sea, which provides year-round navigation. The port is a key Southern gateway for import and export of a wide range of cargoes (including oil, oil products, timber, grain, fertilizers, ferrous metals, containers, automobiles and general cargo). In 2007 NCSP has transshipped about 96% of all port Novorossiysk cargo.
NCSP owns the following stevedore companies: NZT Grain Terminal, NSRZ Ship Repair Yard, NCSP Fleet, NLE Timber & Container Terminal, IPP, Baltic Stevedore Co. For further information:
Tel.: + 7 (495) 783-5434
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