OREANDA-NEWS. November 25, 2009. At an extraordinary meeting that took place on November 23, 2009 shareholders of Ust-Luga Company JSC (Leningrad region) approved signing the buy-and-sell agreement under which Ust-Luga Company JSC shall sell its shares to (Investport Holding Establishment) (Lichtenstein). Under the official information provided by the Russian company, the seller shall transfer into ownership registered book-entry ordinary shares of Ust-Luga Company JSC with nominal value of RUR 500 each, and the buyer shall take ownership and pay the shares in accordance with the agreement terms.

There is a decision to sell 2, 406 shares the price of each share placement is RUR126, 670. The agreement price is RUR304, 768, 020.

Ust-Luga Company JSC as well informed that the issue of approval of buy-and-sell agreement signing with Leningrad region represented by Leningrad regional committee on federal property management was removed from the agenda due to the according letter.

Ust-Luga Company JSC was established in 1992 for implementation of a project on construction of Russia’s new commercial seaport in the Gulf of Finland. Ust-Luga Company JSC has several lines of activity related to creation of the largest in Russia multipurpose commercial seaport Ust-Luga and complex social-economic development of the territories adjacent to the port. The largest shareholders of the company are the Leningrad Region government (over 25% of shares), Absolut Group of Companies (about 16%), Novyje resursy CJSC (about 21%).