NCSP Group (LSE: NSCP; MICEX: NMTP) hereby reports that PJSC NCSP’s Board of Directors has elected Maksim Grishanin, First Vice President of Transneft, as Chairman of the Board in the meeting of dated 28 June 2016.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2015. NCSP shares trade on Russia's Moscow Exchange (NMTP) and on the London Stock Exchange as GDRs (NCSP). NCSP Group cargo turnover in 2015 totalled 139.7 million tonnes. Consolidated revenue to IFRS in 2015 totalled USD 877 mln, and EBITDA was USD 657 mln. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.
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