Update on the United Transportation and Logistics Company
RNS Number : 1069X
14 November 2014
Update on the 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.
Further to the announcement dated 3 October 2014, JSC TransContainer ("TransContainer" or the "Company") announces that the United Transportation and Logistics Company ("UTLC") was registered as a legal entity on 13 November 2014. According to Russian Railways' announcement on 14 November 2014, the share capital of UTLC amounts to RUB 39.7 billion and Russian Railways holds 99.84% of the share capital of UTLC while each of Belorussian Railway and JSC "Kazakhstan Temir Zholy" hold 0.08% of the share capital. Russian Railways is expected to contribute its equity stake in TransContainer to pay for UTLC shares in accordance with applicable Russian law requirements.
Mr. Petr Baskakov, CEO of TransContainer, has been appointed President (CEO) of UTLC.
According to Russian Railways' announcement, the Board of Directors of UTLC comprises the following persons:
Mr. Petr Baskakov, President of UTLC and CEO of TransContainer;
Mr. Anatoly Krasnoshchek, Senior Vice-President of Russian Railways;
Mr. Henri Kuitunen, CEO of VR-Yhtyma Oyj;
Ms. Zhanar Rymzhanova, senior advisor to President of Russian Railways;
Mr. David Hexter;
Ms. Irina Shytkina;
Mr. Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs;
Mr. Vladimir Morozov, Head of Belorussian Railway;
Mr. Kanat Alpysbaev, CFO of JSC "Kazakhstan Temir Zholy".
Mrs. Baskakov, Rymzhanova, Hexter and Shytkina are also members of the Board of Directors of TransContainer. Ms. Rymzhanova is also
Chairman of the Board of Transcontainer.
The Company will keep the market informed of any further developments.
14 November 2014
Andrey Zhemchugov, Director,
Capital Markets and Investor Relations +7 495 637 9178
+7 495 609 6062
E-mail IR(at) trcont.ru
Tony Friend / Galyna Kulachek +44 (0) 20 7457 2020
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