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Global Ports Inv (GLPR)

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Friday 22 February, 2019

Global Ports Inv

EGM announcement

RNS Number : 8654Q
Global Ports Investments PLC
22 February 2019



For immediate release                                                                                                    22 February 2019

Global Ports Investments PLC

EGM announcement

Global Ports Investments PLC ("Global Ports" or the "Company", together with its subsidiaries and joint ventures, the "Group"; LSE ticker: GLPR)  today announces that an Extraordinary General Meeting of the Members of the Company will be held at BG WAYWIN PLAZA, Office 302, 62 Agiou Athanasiou Avenue, 4102, Limassol, Cyprus on 22 March 2019 at 10-00am (Cyprus time), to consider and, if thought fit, pass the following resolutions:

1.     To approve the resignation of Mrs. Iana Penkova Boyd as a Director of the Company with immediate effect and to terminate her authorities as Director of the Company with immediate effect.

2.     To elect Mr. Tom Hyldelund as a Director of the Company until the next Annual General Meeting of shareholders of the Company with no remuneration.

Further information on the proposed Director,

Mr. Hyldelund has a 30-year career in shipping and other industries.

He started his career in 1990 with Maersk Line in Denmark, through the management trainee program and held management positions in Holland, Latvia and Russia until 1998, when he joined the Danish company, Stimorol, as Managing Director of its Lithuanian operations. In 2000, he became CEO for MSC Scandinavia and Eastern Europe. In 2007, he founded his own Danish management consultancy company, advising multinational companies on the formulation of their Eastern European strategies. In 2009, he joined Maersk Line as Managing Director for Russia, the Baltic States and Finland, expanding his role to cover Eastern Europe in 2015. In December 2018, Mr. Hyldelund created a Russian-based management consulting company, Nenica Holding.

Mr. Hyldelund studied at Niels Brock Business School in Copenhagen and in the Maersk International Shipping education program, as well as at Erasmus University in Rotterdam, focusing on shipping economics.


Global Ports Investor Relations

Mikhail Grigoriev / Tatiana Khansuvarova

+357 25 313 475

+7 916 991 73 96

Email: [email protected]

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: [email protected] 


Zoë Watt / Douglas Campbell

+44 20 7260 2700

E-mail: [email protected]


Global Ports Investments PLC

Global Ports Investments PLC is the leading operator of container terminals in the Russian market by capacity and container throughput[1].

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[2] and Moby Dik[3] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[4] (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park[5] located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal Vopak E.O.S.[6] in Estonia.

Global Ports' revenue for the six months period ended 30 June 2018 was USD 175.3 million[7] and Adjusted EBITDA was USD 108.7 million[8]. Consolidated Marine Container Throughput was 681 thousand TEU in the first six months of 2018[9].

Global Ports' major shareholders are Delo Group, one of the largest private transportation and logistics holding companies in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 74 ports and 117 inland services facilities, giving the company a global presence in 58 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information please see:


Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward looking statements by terms such as "expect", "plan", "project", "believe", "target", "anticipate", "estimate", "intend", "will", "could," "may", "should" or "might" or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations.



[1] Management estimates based on the information published by the Association of Sea Commercial Ports ("ASOP"), and public sources.

[2] In which Eurogate currently has a 20% effective ownership interest.

[3] In which Container Finance currently has a 25% effective ownership interest.

[4] In each of which Container Finance currently has a 25% effective ownership interest.

[5] In which Container Finance currently has a 25% effective ownership interest.

[6] In which Royal Vopak currently has a 50% effective ownership interest.

[7] According to the Group's Interim Condensed Consolidated Financial Information (unaudited) for the six month period ended 30 June 2018.

[8] Management estimates based on the Group's Interim Condensed Consolidated Financial Information (unaudited) for the six month period ended 30 June 2018.

[9] According to the Group's operational results.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

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