Globaltrans Investment PLC (the “Company” and together with its consolidated subsidiaries “Globaltrans” or the “Group”; LSE ticker GLTR) has been notified that Sergey Maltsev, Chief Strategy Officer, has restored control of his shareholding in the Company. Mr. Maltsev has released the holding from the trust previously set up in 2015 when he stepped down as Globaltrans’ CEO and became Senior Vice President for strategy and corporate governance at OAO Russian Railways ("RZD"). He has since left his position at RZD and in August 2017, rejoined Globaltrans as Chief Strategy Officer.
Sergey Maltsev’s stake currently stands at 4.6% and is beneficially owned through Goldriver Resources Limited.
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NOTES TO EDITORS
Sergey Maltsev, Chief Strategy Officer
Sergey Maltsev was appointed Chief Strategy Officer of Globaltrans in August 2017. Mr Maltsev has worked in the rail sector for more than 30 years and was instrumental in the development of the private freight rail market in Russia. Mr Maltsev was one of the founding members of the non-profit partnership "Council of Railway Operators” and currently holds the position of Chairman.
Having co-founded Globaltrans, he served as the Company's CEO for over a decade before stepping down in 2015. Subsequently, he worked as the Senior Vice President for strategy and corporate governance at OAO Russian Railways ("RZD") and remains a board member of several RZD subsidiaries.
Globaltrans is a leading freight rail transportation group with operations in Russia, the CIS and the Baltic countries. The Group’s main business is the provision of freight rail transportation services. Globaltrans provides services to more than 500 customers and its key customers include a number of large Russian industrial groups in the metals and mining and the oil products and oil sectors.
The Group had a Total Fleet of about 67 thousand units at the end of 2017. Universal gondola cars and rail tank cars constitute the backbone of the Group’s fleet. About 92% of the Total Fleet is owned by the Group with an average age of 11 years.
In 2017, the Group’s Freight Rail Turnover (including Engaged Fleet) was 178.2 billion tonnes-km with the total revenue amounted to RUB 78.1 billion.
Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008. Globaltrans was the first freight rail transportation group with operations in Russia to have an international listing.
To learn more about Globaltrans, please visit www.globaltrans.com
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.