Novorossiysk Commercial Sea Port reopens port and resumes full operations
Public Joint Stock Company Novorossiysk Commercial Sea Port (“NCSP”), confirms, following the recent severe storms in the Black Sea/Sea of Azov area, which forced the partial suspension of some operations at the port, that the port has reopened and is now fully operational again
The storms have caused minor operational delay but there is no damage to any of the port’s facilities or stevedores.
For further information please contact:
College Hill Associates, London
Simon Whitehead
Tony Friend
Tel. +44(0)20 7457 2020
Simon.Whitehead@collegehill.com
Mikhailov & Partners Agency, Moscow
Alexey Ryabinkin
Alexey Yudin
Tel. + 7 (495) 956 39 72
NCSP@m-p.ru
Notes for Editors
NCSP operates primarily at the Port of Novorossiysk (the "Port"), a multi-purpose, year-round, deep-water port located on the Russian shore of the Black Sea which has geographic, topographic and infrastructure advantages in comparison to ports and potential port sites in the Black Sea-Azov basin. The Port is Russia's largest sea port in terms of cargo turnover volume according to the Association of Russian Sea Ports, and Europe's fifth largest commercial sea port by cargo volume in 2005, according to Global Insight/ISL.
NCSP is a key Southern gateway for the import and export of a wide range of cargoes to and from the Russian economy (including oil, oil products, timber, grain, fertilizers, ferrous metals, containers, automobiles and general cargo). NCSP handles approximately 20% by volume of cargoes shipped through Russian sea ports according to the Association of Russian Sea Ports.
During 2006, NCSP consolidated its shareholdings in the majority of other operators and stevedores in the Port. In addition to its stevedore operations at the Port, NCSP operates a fleet at Novorossiysk for bunkerage and towing services, owns a large ship repair yard and operates a stevedoring company in Baltiysk on the Baltic Sea.
DISCLAIMER
This press release does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor. The offer and the distribution of this press release and other information in connection with the listing and offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Any purchase of or application for the securities referred to herein should only be made on the basis of the information contained in the final prospectus to be issued in connection with the Global Offering. The price and value of, and income from, such securities may go up as well as down. Persons needing advice should consult a professional adviser.
This press release is not being issued in the United States of America and is not for publication or distribution in the United States. This press release does not contain or constitute an offer to sell or a solicitation of any offer to buy any securities of NCSP in the United States. In addition, the securities of NCSP have not been and are not intended to be registered under the Securities Act, and may not be offered or sold in the United States absent registration under that Act or an available exemption from registration requirements under that Act.
This communication is directed only at (i) persons who are outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order'") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons'"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Stabilization/FSA.
This document is an advertisement and is not a prospectus for the purposes of Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the United Kingdom under such Directive, the 'Prospectus Directive '). A prospectus prepared pursuant to the Prospectus Directive has been published and can be obtained from the Company at its registered office. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus.
In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that member state within the meaning of the Prospectus Directive.
This press release is not an offer or advertisement of securities in the Russian Federation, and is not an offer to sell to or for the benefit of any person resident, incorporated, established or having their usual residence in the Russian Federation, or to any person located within the territory of the Russian Federation, or any invitation to or for the benefit of any such person to make offers to purchase any securities in the Russian Federation. It is not intended to be and must not be publicly distributed in or into the Russian Federation.
The depositary receipts to be issued against shares of PJSC "NSCP" have not been and will not be issued in Russia, and are not intended for placement and public circulation in Russia.
Certain statements in this press release are not historical facts and are forward-looking. Forward-looking statements include statements concerning our plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, our competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, our business strategy and the trends we anticipate in the industries and the political and legal environment in which we operate and other information that is not historical information. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved.
Such forward-looking statements speak only as of the date on which they are made. Accordingly, we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. We do not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario.