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PJSC “Novorossiysk Commercial Sea Port”

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DGAP-UK-Regulatory News vom 22.05.2019

The Board of Directors of NCSP Group recommends to send 98% of net profit for 2018 to dividends

PJSC 'Novorossiysk Commercial Sea Port' (NCSP)

22-May-2019 / 14:47 MSK
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Press Release


The Board of Directors of NCSP Group recommended to send 98% of net profit for 2018 to dividends


May 22, 2019


NCSP Group (LSE: NCSP, MOEX: NMTP) hereby announces that on May 21, the Board of Directors of PJSC NCSP, which includes representatives of the controlling shareholder, PJSC Transneft, as well as the Russian Federation and the Company's management, decided to recommend to the Annual General Meeting of shareholders of PJSC NCSP to additionally pay dividends for the results of 2018 in the amount of 9,629,907,700 (Nine billion six hundred twenty-nine million nine hundred seven thousand seven hundred) rubles 00 kopecks.


NCSP Group is the largest port operator in Russia by cargo turnover. PJSC Transneft is the controlling shareholder (62%) of PJSC NSCP.

NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group volumes in 2018 totaled 140.2 million tons. NCSP Group consists of: PJSC NSCP, LLC Primorsk Trade Port, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, Baltic Stevedore Company LLC and LLC SFP.


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