09.07.12
Globaltrans Investment PLC
Approval of dividend policy
Globaltrans Investment PLC (the "Company" and together
with its consolidated subsidiaries "Globaltrans" or the
"Group"), (LSE ticker: GLTR) today announces that its
Board of Directors approved the Company's dividend
policy.
The dividend policy is to recommend to shareholders, for
their approval at the Group's Annual General Meeting, a
dividend per annum of not less than 30 percent of the
imputed consolidated net profit of the Group, if any,
based on the Group's consolidated financial
statements for the immediately preceding financial year,
prepared in accordance with International Financial
Reporting Standards as adopted by the EU.
When adopting the dividend policy, the Board of Directors
expects that it will remain in force for an indefinite
period of time. However, the provisions of this dividend
policy are subject to modification from time to time as
the Board of Directors may deem appropriate. The payment
of any dividend is subject to the requirements of Cypriot
law which provides that dividends can be paid out of net
accumulated distributable profits of the Company.
For further details and to read the full dividend policy,
please visit the Globaltrans corporate website (www.globaltrans.com).
Globaltrans Investor Relations
Globaltrans is a leading private freight rail
transportation group with operations in Russia, the CIS
countries and the Baltic countries. The Group provides
services to more than 650 customers, and its key
customers include companies in, or suppliers to, a number
of large Russian industrial groups in the metals and
mining and the oil products and oil sectors. Globaltrans
was the first freight rail transportation group with
operations in Russia to have an international GDR listing
and its global depositary receipts (ticker symbol: GLTR)
have been listed on the Main Market of the London Stock
Exchange since May 2008.
Some of the information in this announcement may contain
projections or other forward-looking statements regarding
future events or the future financial performance of
Globaltrans. You can identify forward-looking statements
by terms such as 'expect', 'believe',
'anticipate', 'estimate',
'intend', 'will', 'could',
'may' or 'might', the negative of such
terms or other similar expressions. Globaltrans wishes to
caution you that these statements are only predictions
and that actual events or results may differ materially.
Globaltrans does not intend to update these statements to
reflect events and circumstances occurring after the date
hereof or to reflect the occurrence of unanticipated
events. Many factors could cause the actual results to
differ materially from those contained in projections or
forward-looking statements of Globaltrans, including,
among others, general economic conditions, the
competitive environment, risks associated with operating
in Russia, rapid technological and market change in the
industries Globaltrans operates in, as well as many other
risks specifically related to Globaltrans and its
operations.
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