RNS Number : 0295Z
PJSC TransContainer ("TransContainer") (TRCN), Russia's leading intermodal containertransportation and logistics company, announces the key decisions taken by its Board of Directors at a meeting on 17 May 2016:
· The Board of Directors made no decision regarding the distribution of the Company's net income for 2015.
· The Board of Directors has assessed new Board candidates for election at the AGM. The Board of Directors has determined that Richard Werner, Arvid Türkner and Irina Shytkina meet independency criteria set by the Listing Rules of the Moscow Exchange and hence that they fit the criteria required for independent directors. The Board of Directors has also determined that Mr. Alexander Ikonnikov is an independent director notwithstanding the existing of certain relationships with the Company as they not affect his ability his independent judgement.
Andrey Zhemchugov, Director,
Capital Markets and Investor Relations
+7 495 637 9178
+7 495 609 6062
Galyna Kulachek/ Catherine Hems
+44 (0) 20 7457 2020
TransContainer (LSE ticker: TRCN) is the leading intermodal container transportation company in Russia with a market share of approximately 47%. It is the market leader in Russia by flatcar fleet size, container transportation by rail and rail-side container terminalthroughput. As at 31 December 2015, it owned and leased 24,461 flatcars and 64,596 ISO containers. TransContainer also owns a network of rail-side container terminals, located at 46 railway stations across Russia and operates one terminal in Slovakia under a long-term lease agreement. The Company's joint venture JSC Kedentransservice ("Kedentransservice", or "KDTS") also operates 19 inland rail-side terminals in Kazakhstan. The Company's sales network comprises about 120 sales outlets in Russia, along with additional outlets across the CIS, Europe and Asia. TransContainer is listed at Moscow Exchange and LSE. Company's major shareholder with 50% +2 shares is United Transportation and Logistics Company, established by Russian Railways, Belorussian Railway and Kazakhstan Temir Zholy.
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