Summa Group News 2015 - April
Great financial news for NSCP and a new board of directors for FESCO, all under the Summa Group.
Great financial news for NSCP and a new board of directors for FESCO, all under the Summa Group.
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<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong><br />
<strong>Summa</strong> <strong>Group</strong> <strong>News</strong><br />
All the latest news from the <strong>Summa</strong> <strong>Group</strong><br />
<strong>April</strong> <strong>2015</strong> – Part 1<br />
FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>April</strong> – PT1<br />
FESCO ANNOUNCES NEW BOARD OF DIRECTORS<br />
On the 23 rd of <strong>April</strong> <strong>2015</strong>, the <strong>Summa</strong> <strong>Group</strong>’s Far East Shipping Company announced its new Board<br />
of Directors. The EGM (Extraordinary General Shareholders Meeting) elected the following<br />
representatives. In alphabetical order:<br />
- Clive Denis Bode<br />
- Jacob Grapengiesser<br />
- Natalia Izosimova<br />
- Dmitry Kalinin<br />
- Vladimir Kayashev<br />
- Marat Shaidaev<br />
- Dmitry Shvets<br />
- Dmitry Shokhin<br />
- Andrey Uspensky<br />
FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>April</strong> – PT1<br />
FESCO ANNOUNCES BOOK BUILDING FOR BO-01<br />
FESCO announced the Rouble Bond series BO-01 was open for trading as of 11am on the 22 nd of<br />
<strong>April</strong> <strong>2015</strong>. The acceptance period for the bonds was opened to potential investors in the morning<br />
and closed again in the afternoon at 3pm.<br />
In <strong>2015</strong>, the FESCO Board of Directors decided to increase the Rouble Bond series BO-01 from the<br />
initial 3 billion (May 2010) to 8.5 billion. MICEX approved the bond amendments on 21 st <strong>April</strong> <strong>2015</strong>.<br />
The Rouble Bonds series BO-01 consisted of 8.5 million bonds, to the equal value of 1 thousand<br />
RUB. The bonds circulation period is 34 months and the coupons are paid on the bonds biannually.<br />
FESCO is using the current situation to improve the debt currency structure in order to reduce,<br />
releverage and maximise the shareholder value. The funds received from the bonds will be used for<br />
debt refinancing within FESCO, particularly for the USD nominated Senior Secured Notes due in<br />
2018 and 2020.<br />
Vneshprombank LTD was appointed as the underwriter.<br />
FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>April</strong> – PT1<br />
NCSP GROUP CRAGO TRAFFIC UP 6% IN FIRST QUARTER OF <strong>2015</strong><br />
The NCSP (Novorossiysk Commercial Sea Port <strong>Group</strong>) has announced that the group’s first quarter<br />
of <strong>2015</strong> has seen an increase of 6% year on year. Currently, they have increased their turnover by 6<br />
million tonnes year on year, reaching a total of 35.6 million tonnes in the first quarter.<br />
NCSP CEO, Sultan Batov, commented on the increase,<br />
“Cargo volumes have been growing for three months from the beginning of the year. This is possibly<br />
thanks to a continuous reduction of export duties on crude oil, which boosted export volumes,<br />
sustainable growth of domestic oil refining and oil product exports. It also created a good demand<br />
for Russian steel and non-ferrous metals supported by rouble devaluation and helped achieve target<br />
levels of coal trans-shipment. Improved weather conditions at Novorossiysk port, where storms<br />
lasted only five days in March versus ten days in February, as well as other factors, caused transshipment<br />
volumes to grow by 1 753.7 thousand tonnes or 16.5% in May versus February.”<br />
FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>April</strong> – PT1<br />
NCSP GROUP CRAGO TRAFFIC UP 6% IN FIRST QUARTER OF <strong>2015</strong><br />
Liquid Cargo is up 1410 thousand tonnes to 28 353.6 thousand tonnes: 5,2% year on year.<br />
Bulk Cargo is up 180.5 thousand tonnes to 2 583.1 thousand tonnes: 7.7% year on year.<br />
General Cargo is up 543.1 thousand tonnes to 3 510.5 thousand tonnes: 18% year on year.<br />
Container Cargo is 118.1 thousand TEU and 1 178.5 thousand tonnes.<br />
30000<br />
25000<br />
20000<br />
15000<br />
10000<br />
5000<br />
1 st Quarter Results Year-on-Year<br />
0<br />
Liquid Cargo Bulk Cargo General Cargo Container Cargo<br />
2014 <strong>2015</strong><br />
FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>April</strong> – PT1<br />
ABOUT THE SUMMA GROUP<br />
<strong>Summa</strong> <strong>Group</strong> specialises and invests in port logistics,<br />
engineering, construction, oil and gas sectors as well as<br />
telecommunications. <strong>Summa</strong> <strong>Group</strong> is a diversified<br />
private holding that comprises of more then 10 000<br />
people in 40 regions of Russia and abroad.<br />
Mr Ziyavudin Magomedov is the founder and<br />
shareholder of the <strong>Summa</strong> <strong>Group</strong>, which celebrated its<br />
10 year anniversary in 2014.<br />
FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
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