24 Apr 2023 14:02

Globaltrans annual shareholders meeting confirms decision not to pay out 2022 dividends

MOSCOW. April 24 (Interfax) - Globaltrans' AGM decided not to pay dividends for 2022 in line with a Board of Directors recommendation in March, the company said.

The meeting took place on Friday.

The company previously reported that the payment of dividends by Globaltrans was suspended due to technical restrictions regarding the transfer of funds to a holding company registered in Cyprus.

Globaltrans specializes in the rail transportation of metallurgical cargo, oil products, construction cargo and coal.

The founders of the company - Nikita Mishin and Andrey Filatov - each owns 11.5% of the shares, while Konstantin Nikolaev owns 10.8%. Through a joint structure, the businessmen own another 0.9%. A member of the board of directors of Globaltrans, Alexander Eliseev, has 5.1%, and the director of strategy and head of the board, Sergey Maltsev, has 3.1%. O.1% is under the control of management and 0.2% are treasury shares. Free float is 56.8% (GDRs are traded on the Moscow Exchange, while trading on the London Stock Exchange is suspended).