NCSP Group (LSE: NCSP, MICEX: NMTP) reports the results of PJSC “NCSP” Extraordinary General Meeting of Shareholders (EGM) held on July 9, 2012 at Dockers club, bld. 16, Portovaya St., Novorossiysk, Krasnodar region, the Russian Federation.
The following decisions were made on the issues on the agenda of the meeting:
• To elect Rado Antolovic, previous Acting CEO of PJSC “NCSP”, as a new CEO of the Company.
Rado Antolovic states: “I am grateful to the shareholders for their trust and for my part, I will do my best to develop the company in the future, increase turnover, improve service and efficiently implement the Development Strategy of NCSP Group for 2012-2020."
We remind that:
- on June 14, 2012 at an extraordinary general meeting of shareholders (EGM) the Board of Directors of PJSC “NCSP” resolved to include Rado Antolovic into the voting ballot as the unopposed candidate for election as CEO.
R. Antolovic’s candidacy was proposed by PJSC “NCSP” shareholder - NOVOPORT HOLDING LTD.
Rado Antolovic has been working in NCSP Group since April 2011.
Brief biographical information
Russian Federation citizen.
Rado Antolovic was born in 1959.
In 1985 he graduated from the Edward Kardeli University in Ljubljana, specializing in marine engineering
- Rado has 30 years of experience in sea ports and container terminals, knowledge of various aspects of business while working at executive positions in international terminal operators and leading Shipping Lines as well as logistic companies (MOL, APL, P&O Ports, CMA CGM, DP World and NCSP (Summa Group);
- From 1987 till 1988 in Splosna Plovba, Swiss Atlantique and MOL Shipping - made a career from sailor to Captain;
- From 1989 till 1996 in MOL Australia - led the ports of Australia and Oceania as the Operations Director;
- From 1996 till 2005 in P&O Ports: CEO of VICS, Far East Russia (port Vostochny); CEO of CICT, Sardinia; CEO of port in MFT, Malta, and CEO of APL Mediterranean Shipping Line;
- From 2005 till 2007 held position of CEO in ACT DP World, Hong Kong;
- From 2007 Rado was appointed CEO of DP World Russia and the Board Adviser of Eastern Stevedoring Company in Far East, Russia and Adviser for development and operation efficiency improvement of DP World and Global Ports (GP), port & logistic business in Russia and Europe;
- From 2009 in addition to CEO of DP World Russia, Rado was appointed CEO of CICT in Constanta port, Romania DP World;
- Rado Antolovic has been working in NCSP Group since April 2011.
Diplomas & Qualifications of Rado Antolovic:
· MBA with Sydney University, 2008-2010;
· Executive Leadership Course, Hay Group. 2008;
· Advance Diploma Terminal Business Management, DP World Institute, 2006-2007;
· Senior Executive Course, Hong Kong Management Institute, 2006;
· Member of Hong Kong Port Committee, 2005;
· Executive Financial course for leading CEOs Bocconi, Milan, 2001-2002;
· Member of Coordinating Committee of Trans-SiberianRailway, Russia, 1997;
· Financial Skills for Senior Managers, Australia Institute of Management, 1996;
· University Degree in Transport Business, Sydney University, Australia, 1994;
· Member of International Organization of Masters and Masters of Australia, N 2525, 1991;
· Shipbuilding University, Edward Kardeli University, Ljubljana, 1987;
· Member of International Organization of Masters A1, port of Koper, Slovenia, 1986.
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 $1 049 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.
For more information contact:
For the press: M.Sidorov @ nmtp.info +7-903-136-22-40; Ksenko@ncsp.com;
For investment companies representatives: IR@nmtp.info