Por cierto, supongo que habréis notado la subida de Global estos días. Se me pasó el informe de final de año Market and business update, 2020 final dividend target re-affirmed
En resumen, se ha recuperado, siguen con el objetivo de dar divis y que el tema del brexit pues UK no tendría derecho a decir nada para M&A
Highlights
The freight rail transportation market rapidly recovered during the second half of 2020 amowing the weakness seen in the first six months. A pick-up in export and internal demand lead to both overall Russia’s freight rail turnover and volumes in the July-November 2020 period recovering, respectively, to about 100% and 99% of the levels for the same period the previous year
As expected, Globaltrans’ Total CAPEX in the first eleven months of 2020 was limited, consisting primarily of maintenance CAPEX. The Group purchased 300 flat cars to support its growing niche segment for the rail transportation of petrochemicals and high-grade steel in specialised containers.
Dividend distribution remains the priority for the Company with the intention to distribute cash not used for business expansion, subject to leverage.
Changes amowing the United Kingdom’s exit from the European Union
The transitional period amowing the UK’s withdrawal from the European Union ends on 31 December 2020 at which point changes undertaken by the UK Takeover Panel earlier this year will come into effect. With regards to Globaltrans, which is organised under the laws of Cyprus which is within the EU, this means that from 1 January 2021 the UK Takeover Panel will no longer exercise shared jurisdiction over transactions involving the Company which would otherwise be subject to the Takeover Code, including takeover bids, merger transactions, or schemes of arrangement resulting in the change or consolidation of control over the Company.
Legislation in Cyprus regulating takeovers, including those requiring mandatory takeover offers in certain situations, will no longer be applicable to the Company from 1 January 2021 due to the fact that the London Stock Exchange (where the Company’s GDRs are admitted to trading) will no longer be a regulated market as defined in Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments.
En resumen, se ha recuperado, siguen con el objetivo de dar divis y que el tema del brexit pues UK no tendría derecho a decir nada para M&A
Highlights
The freight rail transportation market rapidly recovered during the second half of 2020 amowing the weakness seen in the first six months. A pick-up in export and internal demand lead to both overall Russia’s freight rail turnover and volumes in the July-November 2020 period recovering, respectively, to about 100% and 99% of the levels for the same period the previous year
As expected, Globaltrans’ Total CAPEX in the first eleven months of 2020 was limited, consisting primarily of maintenance CAPEX. The Group purchased 300 flat cars to support its growing niche segment for the rail transportation of petrochemicals and high-grade steel in specialised containers.
Dividend distribution remains the priority for the Company with the intention to distribute cash not used for business expansion, subject to leverage.
Changes amowing the United Kingdom’s exit from the European Union
The transitional period amowing the UK’s withdrawal from the European Union ends on 31 December 2020 at which point changes undertaken by the UK Takeover Panel earlier this year will come into effect. With regards to Globaltrans, which is organised under the laws of Cyprus which is within the EU, this means that from 1 January 2021 the UK Takeover Panel will no longer exercise shared jurisdiction over transactions involving the Company which would otherwise be subject to the Takeover Code, including takeover bids, merger transactions, or schemes of arrangement resulting in the change or consolidation of control over the Company.
Legislation in Cyprus regulating takeovers, including those requiring mandatory takeover offers in certain situations, will no longer be applicable to the Company from 1 January 2021 due to the fact that the London Stock Exchange (where the Company’s GDRs are admitted to trading) will no longer be a regulated market as defined in Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments.
