simon boddy chairman of the managment board december 1 2011 n.
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Simon Boddy Chairman of the Managment Board December 1, 2011. JSC “Ventspils nafta. 104,479,519 shares having a nominal value of LVL 1 per share: 60,598,121 shares in public circulation Listed at NASDAQ OMX Riga, the Baltic Official List First quotation – October 20, 1998

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jsc ventspils nafta
JSC “Ventspils nafta
  • 104,479,519 shares having a nominal value of LVL 1 per share:
    • 60,598,121 shares in public circulation
  • Listed at NASDAQ OMX Riga, the Baltic Official List
  • First quotation – October 20, 1998
  • The last stage of privatisation – on October 5, 2006 – 38.62% (share capital owned by the State) were sold in the public auction
  • 34.75% of JSC Ventspils nafta shares were acquired by Euromin Holdings (Cyprus) Limited
  • Current main shareholders:
    • Euromin Holdings (Cyprus) Limited 49,50%
    • AS Latvijas Naftas Tranzīts 39,11%
corporate structure
Corporate structure

JSC Ventspils nafta

Eurotank

Holdings Sarl

Transnefteprodukt

49%

34%

51%

49.94%

66%

Latvian Shipping

Company

LatRosTrans

Ventspils nafta

termināls

10%

SJSC “State social

security agency

International

Baltic Investments

27,55%

12.06%

Other

vn group
VN group

Ventspils nafta termināls

Latvian Shipping Company

LatRosTrans

  • One of the leading petroleum transhipment terminals in the Baltic Region
  • 105 tanks with combined capacity of 1,195,000 m3
  • Pipeline / Rail Road Connections to CIS countries
  • 2011 marks 50 years of history of continuous operations
  • One of the leading owners in handy and medium-sized tankers
  • 20 modern tankers
  • Average age of the fleet 4.5 years
  • Own internal technical and crewing management company
  • Largest Latvian-Russian joint venture in the Baltic States
  • One of the largest oil & oil products transportation company in the Baltic States
  • An integral part of Vitol and Transneft distribution infrastructures
financial performance
Financial performance

The VN Group in Q1-3, 2011:

  • Consolidated net turnover LVL 49.8 million
  • Net loss of LVL 2.87 million:
    • The main reason for the loss is the financial performance of JSC “Latvian Shipping Company” (LVL 15 million)
  • Supervisory Council costs reduced to zero (also in LSC since 2011)
  • Turnover of VNT reached LVL 41.3 million, transhipped amount has increased by 1/3 (34%).
  • The revenue of “LatRosTrans” from core activity was LVL 8.3 million, which is 25.8% more than planned.
dividends paid
Dividends paid
  • in 2009 – LVL 0.48 per share
  • in 2003 – LVL 0.01 per share
  • in 1999 – LVL 0.03 per share
  • in 1998 – LVL 0.03 per share