14 Mar 2022 18:52

Two independent directors to leave Global Ports board

MOSCOW. March 14 (Interfax) - Two independent directors will leave the Global Ports Investments plc board of directors, Russia's biggest container terminal operator said.

Britta Dalunde has tendered her resignation from the board effective from March 23, 2022 and Inna Kuznetsova has informed the board she will not stand for re-election at the next AGM to be held in 2022.

The group has "commenced the search for independent candidates to the board and will update on progress in a due course," it said.

APM Terminals, part of A.P. Moeller-Maersk A/S and which owns 30.75% of Global Ports, said on Friday that it intended to begin the process of exiting from the share capital of Global Ports. It also said it would "continue to be represented on the board of directors and fulfil its obligations towards the company until such divestment has been effectuated."

The Global Ports board of directors has 11 members, three of them independent - Britta Dalunde, Inna Kuznetsova and Lambros Papadopoulos.

Soren Jakobsen, who is chairman, Mogens Petersen and Kristian Bai Hollund represent APM Terminals. Delo also has three representatives - Vladimir Bychkov, Andrei Lenvalsky and Alexandra Fomenko.

The other directors are Andrei Pavlyutin and Shavkat Kary-Niyazov.

Global Ports is the biggest container terminal operator in Russia with assets on the Baltic Sea and the Far East. It operates five terminals in Russia and two in Finland. The principal shareholders are Delo and APM Terminals B.V. with 30.75% each. Ilibrinio Establishment Ltd and Polozio Enterprises Ltd, the former owners of National Container Company, each have 9% stakes. The free float is 20.5%. Global Ports GDRs are traded on the London Stock Exchange.