NCSP Group (LSE: NCSP; MICEX: NMTP) reports that PJSC “NCSP” Board of Directors meeting will be held on 4 March 2012. The meeting’s agenda consists of the following questions:
· Issue of Ruble bond tranches B0-1, B0-2, B0-3, B0-4 and B0-5;
· Approval of “Decision of issue” for Ruble bond tranches B0-1, B0-2, B0-3, B0-4 and B0-5;
· Approval of the Offering circular.
Deputy CEO for finance and economy Andrei Bubnov commented: “Members of the Board of Directors will decide on the approval of the offering documents which give the company the ability to issue 5 tranches of Ruble bonds with the total par value of 18 billion rubles.”
The par value of the ruble bond tranches B0-1, B0-2, B0-3, B0-4 and B0-5 are 5 billion rubles, 4 billion rubles, 4 billion rubles, 3 billion rubles and 2 billion rubles respectively.
“This is expected to give the company the necessary flexibility to select tranches as and when specific borrowing needs appear,” – Andrei Bubnov added.
About NCSP Group
Novorossiysk Commercial Sea Port 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" belongs to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group consolidated cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS for the nine months of 2011 totaled $782 million and EBITDA of $404 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, PJSC Primorsk Trade Port (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring Company Ltd.
For more information please contact:
Media: M.Sidorov@nmtp.info; senko@ncsp-net.com;
Investment Community: MGrigoriev@nmtp.info