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05 Sep 2014

Notice on Government approving the transfer of Russian Railways’ interest in TransContainer to United Transportation and Logistics Company

RNS Number : 9918Q
OJSC Transcontainer
05 September 2014
 

Government approves the transfer of Russian Railways' interest in TransContainer to United Transportation and The process of organising a chain of delivery, and managing that chain in the broadest sense. This chain may encompass both deliveries of raw materials needed for production and management of material resources at an enterprise, delivery to warehouses and distribution centres, sorting, handling, and final distribution at the points of consumption. In the context of transportation services, the main service is that of delivering cargo across a delivery route.
Logistics
Company
 

Further to the announcements dated 21 June 2013 and 27 November 2013, JSC TransContainer ("TransContainer" or the "Company") announces that on 5 September 2014 the Government of the Russian Federation has published its approval of 30 August 2014 regarding the contribution of Russian Railways' full shareholding of 50%+2 shares in TransContainer, along with 100%-1 shares in JSC RZD Logistics, to the share capital of United Transportation and Logistics Company ("UTLC"). The UTLC will be established by Russian Railways, JSC Kazakhstan Temir Zholy ("Kazakhstan Railways") and Belarusian Railways, subject to the following conditions:

-     immediately upon establishment of UTLC Russian Railways will own no less than 99.8% of the share capital of UTLC, while Kazakhstan Railways and Belarusian Railways will own no more than 0.1% of the share capital of UTLC each;

-     Russian Railways may decrease its stake in the share capital of UTLC up to 70% as a result of new share issues to the favour of ("Kazakhstan Railways") and Belarusian Railway, provided that the issue price is no less than the market price as determined by an independent appraisal;

The specific terms and conditions of the establishment of UTLC shall be approved by the Board of Directors of Russian Railways.

The Company will keep the market informed of any further developments.

5 September 2014

Enquiries:

TransContainer
 
Andrey Zhemchugov, Director,
Capital Markets and Investor Relations
+7 495 637 9178
+7 495 609 6062
 
E-mail
IR(at)remove-this.trcont.ru
 
Website
www.trcont.ru
 

Instinctif Partners
 
Tony Friend / Galyna Kulachek
 +44 (0) 20 7457 2020
 
About TransContainer

TransContainer (LSE ticker: TRCN) is the leading intermodal Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container
transportation company in Russia. It is the market leader in Russia by A specialised type of rolling stock designed to carry ISO containers.
flatcar
fleet size, container transportation by rail and rail-side A place equipped for the trans-shipment and storage of containers. A container terminal
typically includes one or more container yards. Rail-based container terminals are equipped with spur tracks for loading and unloading containers to/from railroad platforms (cars).
container terminal
throughput. As of 30 June 2014, it operated 27,174 flatcars and 64,670 ISO containers. It owns a network of 46 rail-side container terminals in Russia, 19 rail-side terminals in Kazakhstan (through its joint venture company KedenTransService) and operates one terminal in Slovakia. Company's sales network comprises more than 130 sales offices across Russia as well as presence in the CIS, Europe and Asia. TransContainer is listed at Moscow Exchange and LSE. Company's major shareholder is JSC Russian Railways with 50%+2 shares.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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