NCSP shareholders to elect new board of directors Mar 5
MOSCOW. Dec 15 (Interfax) - The board of directors at OJSC Novorossiysk Commercial Sea Port (NCSP) decided unanimously on December 12 to convene an extraordinary shareholders meeting for March 5 next year for the election of a new board.
Novoport Holding Ltd., which holds 50.1% of NCSP ordinary shares, initiated the question of electing a new board. December 15 is the date establishing which shareholders are eligible to take part in the March meeting.
NCSP Group is one of the biggest port operators in Russia. Main shareholder Novoport belongs to investment group Summa Capital and Russian oil pipeline company OJSC Transneft . The group's consolidated first-half sales revenues to International Financial Reporting Standards (IFRS) amounted to $494.1 million, net profits to $308.0 million.
NSCP Group includes Novorossiysk Commercial Sea Port Group (NCSP) , the largest Russian port operator and the third biggest in Europe in terms of cargo turnover; 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.