Summa Group News 2015 - March PT1

News from Russia's Summa Group regarding their subsidiaries: FESCO, NCSP and Stroynovatsiya.

Transcript

1. Summa Group News All the latest news from the Summa Group Summa Group 2015 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY March 2015 – Part 1
2. NCSP’S BOARD OF DIRECTORS APPROVE TRANSACTIONS The Summa Group’s NCSP (Novorossiysk Commercial Sea Port Group) board of directors have approved a number of pending transactions within the group. The following amendments were approved as of the 27th of February 2015: • Series of related party transactions. • Placement of Bonds – subject to the rule of transactions valued above 10% and below 25%. • Approval of amendments to exchange traded bonds including amendments on placement of issues, emission of issues and prospectus of issues to BO-01, BO-02, BO-03, BO-04, BO-05. Summa Group 2015 – March – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY * The placement of bonds refers solely to previously registered issues of NCSP’s PJSC exchange traded bonds in order to ensure that they are up to date with current Russian securities market regulations. It does not apply to issue of new securities or raising new capital.
3. NEW FESCO FINANCIAL VICE PRESIDENT APPOINTED The Summa Group’s Far East Shipping Company (FESCO) has recently announced the appointment of a new financial Vice President. On the 2nd of March 2015, Mr Victor Belyakov was appointed as the new Vice President of Finance for the Russian shipping company. Mr Belyakov will commence with his work immediately and will be responsible for managing the finances for the entire group. This includes managing the financial strategy, business activities and investor relations. FESCO President, Konstantin Sokolov, comments on the new manager, “We are confident that Victor Belyakov will make a major contribution to the FESCO strategy implementation. His significant experience in finance and general management will be used to ensure the Company’s financial branch is efficient.” Summa Group 2015 – March – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY Before joining FESCO, Mr Belyakov worked as the Director of Economics and Finance at Uralkali JSC. He has acted as CEO after holding numerous senior positions in the Russian economics and financial fields. After studying at Tver State Technical University, he holds a MBA degree from Kingston Business School.
4. STROYNOVATSIYA TO BUILD OIL TREATMENT CENTER Stroynovatsiya (Summa Group) has won a tender to build an oil treatment centre at Yurubcheno-Tokhomskoye oil and gas condensate field (OGCF). They signed an agreement which will see Stroynovatsiya build a number of facilities including utility lines, treatment facilities, junction point, process area, modular nitrogen unit area, nitrogen receivers transformer substations and fire safety systems. The construction will include the Eastern Siberia – Pacific Ocean pipeline system for OJSC East-Siberian Oil and Gas company who will act as the customer for the project. Summa Group 2015 – March – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY The Yurubcheno-Tokhomskoye oil and gas condensate field was discovered in 1982 and is located in the Evenkiysy District in Krasnodar Krai. There are over 350 million tons of oil reserve in the ABC1 + C2 category fields. OJSC Vostsibneftegaz owns the licence for use of the subsurface resources.
5. 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 – March – PT1 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY