RNS Number: 0767H
14 May 2014
FOR IMMEDIATE RELEASE
14 May 2014
JSC TransContainer (“TransContainer”) (TRCN), Russia's leading intermodal container transportation and logistics company, announces that its Board of Directors has recommended the Annual General Meeting of shareholders (“AGM”), which will be held on 24 June 2014, to retain the dividend payout ratio at 25% of TransContainer’s net income for the year 2013 under Russian Accounting Standards. A total dividend of RUB 1,132 million, or RUB 81.47 per ordinary share, is to be distributed to shareholders. One TransContainer ordinary share corresponds to ten GDRs.
Shareholders registered at the record date of 10 July 2014 will be entitled to receive a dividend payment following the AGM’s approval.
Director, Capital Markets and Investor Relations
+7 495 637 9178
+7 495 609 6062
Tony Friend / Galyna Kulachek
+44 (0) 20 7457 2020
TransContainer (LSE ticker: TRCN) is the leading intermodal container transportation company in Russia. It is the market leader in Russia by flatcar fleet size, container transportation by rail and rail-side container terminal throughput. As of 31 December 2013, it operated 26,305 flatcars and 62,367 containers. It owns a network of 46 rail-side container terminals in Russia, 19 rail-side terminals in Kazakhstan (through its joint venture company KedenTransService) and operates one terminal in Slovakia. Company's sales network comprises approximately 140 sales offices across Russia as well as presence in the CIS, Europe and Asia. TransContainer is listed at Moscow Exchange and LSE. Company's major shareholder is JSC Russian Railways with 50%+2 shares.
This information is provided by RNS
The company news service from the London Stock Exchange