Summa Group News 2015 - February PT1

News from the Summa Group's FESCO and NCSP.

Transcript

1. Summa Group News All the latest news from the Summa Group Summa Group 2015 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY February 2015 – Part 1
2. FESCO PROPOSES CHANGE IN BOND CIRCULATION The Summa Group’s FESCO (Far East Shipping Company) would like to change the terms and conditions on Rouble Bond circulation. They have asked Raiffeisen Bank to officiate communication between themselves and Rouble bond holders during this time. They would like to ammend the circulation of Rouble Bonds in order to optimize their debt maurity profile. At this time, the new parameters on the Rouble Bonds are preliminary but can be changed and recalled at any time by the bond issuer. FESCO is one of Russia’s largest privately-owned logistic and transport companies in Russia. They focus on operations of railway, integrated logistics, shipping and sea ports. Summa Group 2015 – Feb – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
3. NCSP 2015 AGENDA APPROVED Novorossiysk Commercial Sea Port Group (known as the NSCP) has approved the first 2015 Annual General Meeting (AGM) agenda for the board of directors. Items will include approval of: • Annual report • Annula financial accounts • Distribution of 2014 profits • Divident payment, timing and amounts for 2014 Election of the Board of Directors and election of audit commission will also occur. Further approval of: • Auditor • Remunermation of non-govenmental service directors • Renumeration of non-government audit commission members • Ammends to charter Summa Group 2015 – Feb – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
4. NCSP 2015 AGENDA APPROVED The board of directors of the NCSP consists of 7 seats with 1 director elected by government and 6 elected at the AGM. Viktor Olerskiy (Deputy Minister of Transportation) has represented government since 2011. The 6 other members include: • Vitaly Sergeychuck (Deputy Division Director of Russian Agency for State Property Management) • Mikhail Barkov (Vice President of Transneft) • Maksim Grishanin (First Vice Presiden of Transneft) • Sergey Kireev (General Director of ZAO Transneft-Service) • Sergey Khodyrev (Deputy Vice President of Transneft) • Marat Shaydaev (Director of FESCO and United Grain Company) • Vladimir Kayshev (President of the Summa Group) Summa Group 2015 – Feb – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
5. NCSP 2015 AGENDA APPROVED The Audit Commission consists of: 1. Aleksei Mitioglo (Head of Finance and Economics Department at the Federal Agency for Marine and River Transportation.) 2. Ekaterina Vlasova 3. Tatiana Nesmeyanova 4. Margarita Russkikh 5. Irina Timofeeva The agenda for the 2015 Annual General Meeting of shareholders and candidates was approved on the 4th of February 2015 by the Board of Directors to the Audit Commission. Summa Group 2015 – Feb – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
6. ABOUT THE SUMMA GROUP Summa Group specialises and invests in port logistics, engineering, construction, oil and gas sectors as well as telecommunications. Summa Group is a diversified private holding that comprises of more then 10 000 people in 40 regions of Russia and abroad. Mr Ziyavudin Magomedov is the founder and shareholder of the Summa Group, which celebrated its 10 year anniversary in 2014. Summa Group 2015 – Feb – PT1 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY