Results of EGM

Globaltrans Investment PLC

04 April 2024

 

For immediate release                                                                                                          4 April 2024

Globaltrans Investment PLC[1]

Globaltrans announces results of
its Extraordinary General Meeting of shareholders

Globaltrans Investment PLC (the "Company" and together with its consolidated subsidiaries "Globaltrans" or the "Group"), (LSE/MOEX ticker: GLTR) today announces that the Company held an Extraordinary General Meeting of shareholders ("EGM") on 4 April 2024 under the chairmanship of Michael Thomaides, Chairman of the Board of Directors of the Company ("Board").

The EGM was held at 1:00 pm (UAE time) at Office Unit 3, Floor 6, Al Sila Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, UAE and had a quorum of 178,280,631 shares present, corresponding to 99.98% of the issued and outstanding shares.

The EGM duly passed each of the ordinary resolutions set out in the notice of the EGM dated 20 March 2024; namely:

·     The authority of all members of the Board was terminated.

·     The following 13 directors were appointed to the Board: Abdulla Belobida, Abdultaiab Bahrainwala, Albina Amangeldinova, Alexander Storozhev, Anton Gazizov, Jaafar Borhan, Jouslin Khairallah, Kairat Itemgenov, Ruslan Izatov, Stefan Henrich, Viacheslav Stanislavskiy, Yerzhan Niyazaliyev and Yousef Abu Laban (together, the "Directors")[2]. Each of the Directors was appointed until the conclusion of the Annual General Meeting of the shareholders of the Company, which will take place in 2025.

The Minutes of the EGM are available for viewing at the office of the Company at Office Unit 3, Floor 6, Al Sila Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, UAE, and will be submitted to the National Storage Mechanism and be available for inspection at data.fca.org.uk following publication.

ENQUIRIES

For investors

Mikhail Perestyuk / Daria Plotnikova

[phone]

[e-mail]

For media

Anna Vostrukhova

[phone]

[e-mail]

Laura Gilbert, Lightship Consulting

[phone]

[e-mail]

LEGAL DISCLAIMER

Information contained in this announcement concerning Globaltrans Investment PLC, a company organised and existing under the laws of the Abu Dhabi Global Market (the "Company" and together with its consolidated subsidiaries "Globaltrans" or the "Group") is for general information purposes only. The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee the accuracy or completeness of such information.

The information in this announcement is subject to verification, completion and change. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its shareholders, directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this announcement. None of the Company nor any of its shareholders, directors, officers or any other person accepts any liability whatsoever for any loss howsoever arising from any use of the contents of this announcement or otherwise arising in connection therewith.

This announcement may contain forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward looking statements by terms such as "expect", "believe", "estimate", "anticipate", "intend", "will", "could", "may", or "might", the negative of such terms or other similar expressions. These forward-looking statements include matters that are not historical facts and statements regarding the Company's intentions, beliefs or current expectations concerning, among other things, Globaltrans' results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Company operates. By their nature, forward looking statements involve risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that Globaltrans' actual results of operations, financial condition, liquidity, prospects, growth, strategies and the development of the industry in which Globaltrans operates may differ materially from those described in or suggested by the forward-looking statements contained in this announcement. In addition, even if Globaltrans' results of operations, financial condition, liquidity, prospects, growth strategies and the development of the industry in which the Company operates are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in future periods. The Company does not intend to update this announcement or reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause actual results to differ materially from those contained in forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, market changes in the Russian freight rail market, as well as many of the risks specifically related to Globaltrans and its operations. No reliance may be placed for any purposes whatsoever on the information contained in this announcement or on its completeness, accuracy or fairness.

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^[1] Imposed suspension of Global Depositary Receipts ("GDRs") trading on the London Stock Exchange continued as of the date of publication.

^[2] Sergey V. Maltsev has duly informed the Company before the EGM of his decision to revoke his consent to be a Director of the Company. The respective resolution has been withdrawn from voting on the EGM.

 

END