NCSP Board of Directors meeting notice and agenda
PJSC Novorossiysk Commercial Sea Port reports that PJSC NCSP’s Board of Directors shall hold a meeting on 27 February 2015 to consider the following agenda items:
· Approval of internal regulations;
· Placement of bonds (amendments to previously registered issues);
· Approval of transaction according to Charter;
· Approval of related party transactions.
In the above agenda «placement of bonds» refers solely to approving amendments to previously registered issues of PJSC NCSP’s exchange traded bonds and respective emission documentation to bring these up to date with the current requirements of the Russian securities market regulations, and does not imply issue of new securities.
On 4 March 2012 PJSC NCSP’s Board of Directors approved placement of exchange traded bonds (ISIN RU000A0JS7L0) in issues BO-01, BO-02, BO-03, BO-04, and BO-05 for the total amount of 18 billion rubles, and respective prospectus.
Bond issues BO-01, BO-02, BO-03, BO-04, and BO-05 comprised 5 billion, 4 billion, 4 billion, 3 billion, and 2 billion rubles respectively.
On 2 May 2012 issue BO-02 for 4 billion rubles started trading on the Moscow Exchange.
A number of material additions to the Russian securities market regulations occurred in 2013 and 2014, including the commencement of the federal law №210-FZ dated 23 July 2013 on amendments to the Federal law on securities markets, which required updates and amendments to be introduced to some securities emission documents previously registered by the Federal Service on Financial Markets and/or the Central Bank, and/or the Moscow Exchange.
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 2014 totalled 131 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.
