NCSP Board approves candidates to BoD and Audit Commission
Novorossiysk Commercial Sea Port reports that its Board of Directors on 4 February 2015 approved the agenda of the 2015 Annual General Meeting of shareholders, and candidates to the Board of Directors and the Audit Commission.
The agenda of Annual General Meeting of shareholders includes the following items:
1. Approval of the annual report;
2. Approval of the annual financial accounts;
3. Approval of the distribution of 2014 profits;
4. Approval of the amount, timing and form of payment of dividends for 2014;
5. Election of the Board of Directors;
6. Election of the Audit Commission;
7. Approval of the auditor;
8. Approval of remuneration to Directors, except those in government service;
9. Approval of remuneration to members of the Audit Commission, except those in government service;
10. Approval of amends to charter.
The Board approved the following candidates to the Board of Directors.
Proposed by the Federal Agency for State Property Management on behalf of the Russian Federation:
· Vitaly Sergeychuk, Deputy Division Director at the Russian Agency for State Property Management.
Proposed by Novoport Holding Limited:
· Mikhail Barkov, Vice President of Transneft;
· Maksim Grishanin, First Vice President of Transneft;
· Sergey Kireev, General Director of ZAO Transneft-Service;
· Sergey Khodyrev, Deputy Vice President of Transneft;
· Marat Shaydaev, Director at FESCO and United Grain Company;
· Vladimir Kayshev, President of Summa Group.
The Board of Directors of PJSC NCSP consists of seven seats. Six Directors are elected at AGM, and the seventh Director is appointed by the Government of Russia as state’s representative on the Board under the golden share rule. Since 2011 this post is held by Viktor Olerskiy, Deputy Minister of Transportation.
The Board approved the following candidates to the Audit Commission:
Proposed by the Russian Agency for State Property Management:
· Aleksei Mitioglo, Head of Finance and Economics Department at the Federal Agency for Marine and River Transportation.
Proposed by Novoport Holding Limited:
· Ekaterina Vlasova;
· Tatiana Nesmeyanova;
· Margarita Russkikh;
· Irina Timofeeva.
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP Group cargo turnover in 2013 totalled 141 million tonnes. Consolidated revenue to IFRS in 2013 totalled USD 928 million and EBITDA was USD 510 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC Baltic Stevedore Company, and CJSC SFP.
