Summa Group News 2015 - May PT1

11044c06b8c718f728e20d462a877ece?s=47 Summa
May 18, 2015

Summa Group News 2015 - May PT1

FESCO and NCSP from the Summa Group's latest announcements.

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Summa

May 18, 2015
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  1. Summa Group News All the latest news from the Summa

    Group Summa Group 2015 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY May 2015 – Part 1
  2. NCSP NOTICE OF AGM, EGM AND DIVIDEND The Summa Group’s

    NCSP’s Board of Directors announced the following company updates as of the 12th of May 2015: • The Annual General Shareholders Meeting will be held on the 30th June 2015. • Shareholders wanting to participate need to register on 24th of May 2015. The following tasks will need to be approved: Elections of: • board of directors • audit commission • auditor Summa Group 2015 – May – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY • annual report • financial accounts • distribution of profits for 2014 • remuneration to members of board (non-government employees) • NCSP’s Board of Directors • NCSP’s General Director • NCSP Management Board • Amendments of PJSC NCSP
  3. NCSP NOTICE OF AGM, EGM AND DIVIDEND The meeting will

    address the following distribution of profit matters: • Dividends of retained earnings (4,499,092,877.44 rubes @ 0.2336 rubes). • Establishing the record date for registering eligible shareholders by 13th July 2015. • Pay dividends to nominal holders from 14th July to 27th July 2015. • Pay dividends to other shareholders from 14th July to 17th August 2015. And confirm the following meeting dates: • PJSC NCSP’s Extraordinary Meeting of Shareholders on 12th August 2015. • Eligible shareholders must register by 24th May 2015. Approve the Extraordinary Meeting of Shareholders in: • Early termination of powers of the Board of Directors (supervisory board) • Election of the Board of Directors (supervisory board) Establish the deadline for shareholders to nominate Board of Directors as of the 13th of July 2015. Summa Group 2015 – May – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
  4. FESCO’S TENDER OFFER: FINAL RESULTS FESCO, subsidiary of the Summa

    Group, has announced it’s final results for the recent tender offer regarding the Senior Secured Notes that are due in 2018 and 2020. On the 8th of May 2015 at 22:00 (GMT), the aggregated principal amount for the 2018 notes and 2020 notes to be tendered and accepted for purchase was US$128,903,000 and US$ 91,154,000 respectively. Details include: • FESCO Dry Bulk Carriers Limited has been recognised at the sole Purchaser of the Notes. • The Clearing Premiums of the 2018 and 2020 notes is US$1000. • The Total Consideration for the $1000 2018 notes is US$510 and US$500 for the 2020 notes. • The Tender Offer Consideration for the $1000 2015 notes is US$460 and US$450 for 2020 notes. • The 2018 and 2020 Notes have been accepted in full without pro-rata allocation. The 14th of May was the settlement date for the offer. Summa Group 2015 – May – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
  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 – May – PT1 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY