NCSP Group (LSE: NCSP, MICEX: NMTP) reports that the meeting of the Board of Directors of PJSC “NCSP” will take place on August 6, 2012.
Chairman of the Board of Directors, Audit Committee and Human Resources and Compensation Committee of PJSC “NCSP” will be elected at the meeting.
The issue on leasing contracts execution and delivery of 7 new cranes is also submitted for the approval of the Board of Directors:
• 2 pneumatic-tyre mobile cranes LIEBHERR LHM 550;
• Portal slewing electric double-jib crane “AIST” with the lifting capacity of 40 tons;
• 3 portal slewing electric double-jib cranes “Vitjaz” with the lifting capacity of 63 tons;
• Portal slewing electric double-jib crane “Vitjaz” with the lifting capacity of 100 tons.
Rado Antolovic, PJSC “NCSP” CEO states: “Within the Master Plan "NCSP Group development strategy till 2020” a large-scale modernization of the port facilities is in progress to improve customer service. The new equipment leasing approved by the Board of Directors would allow us to improve significantly the quality of loading and unloading“.
We remind that in January, 2012 PJSC “NCSP” already purchased 14 units of new technology.
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; KSenko@ncsp.com;
For investment companies representatives: IR@nmtp.info