OREANDA-NEWS. December 30, 2011. NCSP Group announces that on December 12, 2012 the Board of Directors made a unanimous decision to call the Extraordinary General Meeting of shareholders of PJSC “NCSP”.

The agenda of the Meeting includes early termination of the authority of the Board of Directors (elected at the Annual General Meeting of shareholders on June 30, 2011) and election of new members of the Board of Directors.

The Board of Directors decided to hold the EGM in joint presence format on March 5, 2012 at 12:00am at 16, Portovaya street, Novorossiysk.

December 15, 2011 was determined for compiling the list of participants at the EGM.

The request to hold the EGM for early termination of the authority and reelection of the Board of Directors of PJSC “NCSP” was sent to the Board of Directors by NOVOPORT HOLDING LTD.

About NCSP Group

Novorossiysk Commercial Sea Port is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP).

50.1% shares of PJSC "NCSP" belongs to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group consolidated cargo turnover in the 1st half of 2011 totaled 76.8 million tons, and consolidated revenue to IFRS for the 1st half of 2011 totaled USD 494.1 million and net profit of USD 308.0 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, PJSC Primorsk Trade Port (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring Company Ltd.