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The new Board of Directors of ThPA SA was constituted into a body on Friday 23rd of March 2018, after the payment of 231,926 million euros and the completion of the transfer of 67% of the company’s share capital to “South Europe Gateway Thessaloniki (SEGT) Ltd”.

SEGT Ltd consists of "Deutsche Invest Equity Partners GmbH" (47%), "Terminal Link SAS" (33%) and "Belterra Investments Ltd" (20%).

Mr. Sotiriοs Theofanis, the coordinator of DIEP GmbH-Terminal Link SAS-Belterra Investments Ltd, was appointed as Chairman of BoD and Chief Executive Officer of ThPA SA, and the Managing Director of Terminal Link SAS, Mr. Boris Wenzel was appointed as Alternate Chairman of the Board of Directors.

The composition of the new Board of Directors of ThPA SA is as follows:

  1. Sotirios Theofanis, Chairman of BoD and Chief Executive Officer of ThPA SA, executive member
  2. Boris Wenzel, Alternate Chairman of BoD, non-executive member
  3. Artur Davidian, non-executive member
  4. Angelos Vlachos, independent non-executive member
  5. Alexander-Wilhelm Von Mellenthin, non-executive member
  6. Panagiotis Alevras, independent non-executive member
  7. Gavriel Ioannou, non-executive member
  8. Panagiotis Michalopoulos, independent non-executive member
  9. Yong YU, non-executive member

The new Chairman of BoD and Chief Executive Officer of ThPA SA, Sotiriοs Theofanis, after expressing his thanks to the outgoing administration for its contribution to the operation of the Port, said: "The prospects for the Port of Thessaloniki are extremely positive and we will concentrate our efforts to strengthen its position in the Southeastern European port services market. We are ready to implement our investment plan and we will keep open channels of communication with all stakeholders. I am convinced that the Port of Thessaloniki has the prospects to become a hub of strategic interest for Mediterranean, the Balkans and Southeastern Europe and play a leading role in the development of Northern Greece".

The new Board of Directors will take over, after an official ceremony, which will take place on Monday, March 26, at 12 noon, at the Port of Thessaloniki’s administration building.

ThPA SA is the first managing body of a port in Greece to be certified according to the ELOT 1801:2008/BS OHSAS 18001:2007 international standard as regards its occupational health and safety management system.

The certification pertains to the entire range of the ThPA SA’s activities and in particular:

  • Mooring of merchant, passenger and cruise vessels
  • Loading / unloading of bulk and container cargos
  • Storage and movement of merchandise and other items
  • Concession of areas for commercial and cultural activities

The implementation of the international standard by ThPA SA is an explicit commitment for the prevention of industrial injury and professional diseases, aiming at constantly improving the efficiency of the occupational health and safety management system.

The Managing Director of ThPA SA, Mr. Dimitris Makris, stated: “The acquisition of the said certification demonstrates the company’s interest and strong commitment to improve health and safety conditions at work. A constant effort is being made to implement international management systems and to observe the best available techniques in the said field, so as to limit occupational safety risks for employees. ThPA SA completed the cycle of certifications on operational functions, environmental protection and occupational health and safety management system, which all contribute a great deal to its successful course.”

Thessaloniki Port Authority SA is on the rise after achieving a significant increase in the container and conventional cargo throughput, according to the company’s annual statistics for 2017.

During the past year, an increase of 16,74% was recorded in container throughput, with a total of 401,947 TEUs handled as compared to 344,316 TEUs in 2016. The company set a decade record (2008-2017) and its second best performance in 20 years since 2007. An important raise was recorded in transit traffic (19,73%) as well as in Greek container exports (14,46%). It should be noted that a traffic volume exceeding 400,000 TEUs approaches the limits of the Container Terminal’s existing capacity.

2017 closed with an increase in the Conventional Port as well, where a total 3,598,271.00 tons of conventional cargo were throughput as compared to 3,312,527.00 tons in 2016 (8,63% increase). The largest increase was recorded in the transit cargo in bulk (25,5%).

During the same time, a 12,28% increase was recorded in the number of ships entering the Port of Thessaloniki, where a total of 1,417 ships were serviced in 2017 as opposed to 1,262 ships in 2016. Among them, 523 were container ships as opposed to 440 in 2016 (18,86% increase), 726 were conventional cargo vessels as opposed to 674 in 2016 (7,72% increase) and 168 were passenger ships as opposed to 148 in 2016 (13,51% increase).

Commending on the cargo throughput data, the Managing Director of ThPA Sa Mr. Dimitris Makris pointed out: “The company set high targets as regards cargo throughput for 2017 and achieved them. Container throughput, in particular, set a decade record. The upward trend for conventional cargo throughput in 2017 fluctuated as regards bulk cargo, especially during the last three months, a fact attributed to the development in certain industries of the area. The upward trend in the bulk cargo is expected to continue after the second quarter of 2018. The upward trend in the container cargo throughput, as well as vessel support services were negatively affected during the last quarter of 2017 by the ongoing – as of September 16th 2017 and up to present – strike of the customs officials trade union during night shifts at Gate 16 of the Free Trade Zone of the Thessaloniki Port. ThPA SA management made timely and significant efforts to address the problem by making realistic suggestions to the competent authorities. At the same time, exhausting all possibilities, ThPA SA provides workable solutions in order to reduce the particularly negative consequences that the ongoing customs officials strike has on the servicing of ships, always in communication with all the parties involved. The operation of Gate 16 of the Free Trade Zone of the Thessaloniki Port on a 24hour basis is always of paramount importance for trade facilitation and for promoting the development perspectives of the Thessaloniki Port.

According to the provisional financial data for 2017, ThPA SA's total proceeds amount to €58,106,000.00, namely a significant 11,25% increase as compared to 2016 (€52,230,000.00), by maintaining high financial performance indicators, increased cash deposits and zero lending. The aforementioned financial data confirm the company’s ability to fund important investment projects for the sustainable development of the Port.

The above positive results reflect the key contribution of the ThPA SA’s executives, employees and collaborators in their achievement.”       

ThPA SA turns the page

In the very near future, 67% of the ThPA SA’s share capital will be transferred to the South Europe Gateway Thessaloniki (SEGT) Limited, the consortium consisting in the preferred investor «Deutsche Invest Equity Partners GmbH», «Belterra Investments Ltd.» and «Terminal Link SAS».

“ThPA SA is presented with new challenges; important investments in substructure and equipment are deemed necessary, as well as major reforms that will render the company’s operation even more efficient. We aspire to the success of the strategic investor and their management at the ThPA SA; the goal is to upgrade Thessaloniki Port at the Trans-European Network for Transport and render it the principal transit centre of Southeastern Europe. This will be of great benefit to the national economy and employment”, underlined Mr. Makris.

The present announcement is made according to paragraph 1 of article 17 of the Regulation (EU) 596/2014, in relation to the obligation of the Issuer for the publicity of inside information as per article 7 of Regulation (EU) 596/2014 and article 27 par. 8 of law 4443/2016 and following a relevant request dated 28 June 2019 from the Hellenic Capital Market Commission.

Following the announcement of our Company dated 27 June 2019 in relation to the decisions of the General Meeting of the Shareholders of 26th of June 2019, we further clarify that in regards to Items 3 and 4 of the agenda (approval of the Overall Management by the Board of Directors for the financial years 2017 and 2018) the only reason that the main shareholder did not approve the Overall Management of the Board of Directors, as per article 108 par. 1 of law 4548/2018, is that in accordance with existent internal post acquisition policies, a period of 2 years has to be respected before any such approval to be passed and not because the shareholder is in possession of any additional information that leads to that decision. This period of 2 years is considered sufficient for any liabilities to surface as per the reps and warranties of the seller. It is noted that the relevant action and the herein announcement are taking place for the protection of the investors.

“Thessaloniki Port Authority S.A.”, clarifying the release as of 19.06.2019, announces the appointment from 19.06.2019 of Mr. Franco Νicola Cupolo as Chief Executive Officer, with delegated duties from the Managing Director.

Mr. Sotirios Theofanis maintains the position of the Chairman of the BoD and Managing Director, as an executive member of the Board of Directors.

Further, the Company also announces the termination of cooperation of the Chief Operating Officer & Container Terminal Managing Director, Mr. Marc Riondel, on 30.06.2019.

Thessaloniki Port Authority S.A. announces the voting results during the Ordinary General Meeting of the Company’s Shareholders that was held on 26th June 2019 in Thessaloniki, at the hotel “Mediterranean Palace”. The General Meeting was attended in conformity by 25 shareholders, attending either in person or by proxy and representing 8,007,616 shares, i.e. 79.4406% of the Company’s paid-up share capital and through open voting, the following items were discussed and decided:

  1. Approved the Annual Financial Statements for the 19th fiscal year (01.01.2018 to 31.12.2018), accompanied by the Annual Management Report by the Board of Directors, the Independent Auditors’ Report and the Corporate Governance Statement.

The voting results on the 1st item were as follows:   

  • Number of shares for which valid votes were given: 8,006,716 (79.4317% of the share capital with voting rights), out of which:
    • For: 8,006,716
    • Against: 0
  • Abstain: 900
  1. Approved the appropriation of annual earnings and distribution of dividend, which amounts to 57 euro per share, which is subject to 10% withholding tax, and therefore the net dividend payable will be 0.5130 euro per share. The ex-dividend date was set on 2nd of July 2019, the dividend beneficiaries "Record Date" was set on 3rd of July 2019, and the dividend payment date was set on 8th of July 2019.                                                   

The voting results on the 2nd item were as follows:  

  • Number of shares for which valid votes were given: 8,007,616 (79.4406% of the share capital with voting rights), out of which:
    • For: 8,007,616
    • Against: 0
  • Abstain: 0
  1. It did not approve the Overall Management by the Board of Directors of the Company and the discharge of the Certified Auditors for the fiscal year 2018.

The voting results on the 3rd item were as follows:     

  • Number of shares for which valid votes were given: 8,004,016 (79.4049% of the share capital with voting rights), out of which:
    • Against: 6,753,600
    • For: 1,250,416
  • Abstain: 3,600
  1. It did not approve the Overall Management by the Board of Directors of the Company, and the discharge of the Certified Auditors for the fiscal year 2017.

The voting results on the 4th  item were as follows:     

  • Number of shares for which valid votes were given:8,006,716 (79.4317% of the share capital with voting rights), out of which:
    • Against: 6,753,600
    • For: 1,253,116
  • Abstain: 900
  1. Approved the fees – remunerations paid to the members of the Board of Directors and to the Audit Committee during the fiscal year of 2018.

The voting results on the 5th item were as follows:   

  • Number of shares for which valid votes were given: 8,006,032 (79.4249% of the share capital with voting rights), out of which:
    • For: 8,006,032
    • Against: 0
  • Abstain: 1,584
  1. Approved the fees – remunerations that will be paid during the current fiscal year 2019 to the members of the Board of Directors members and to the Audit Committee.

The voting results on the 6th item were as follows:   

  • Number of shares for which valid votes were given: 8,004,032 (79.4051% of the share capital with voting rights), out of which:
    • For: 8,003,687
    • Against: 345
  • Abstain: 3,584
  1. Approved the assignment of the Company’s regular audit for the current accounting period to the Auditing Firm “KPMG Certified Auditors S.A.” having its registered office in Athens, 3 Stratigou Tombra Street, 15342, Aghia Paraskevi, with SOEL Registered No.114

The voting results on the 7th item were as follows:   

  • Number of shares for which valid votes were given: 8,007,616 (79.4406% of the share capital with voting rights), out of which:
    • For: 8,007,616
    • Against: 0
  • Abstain: 0
  1. Approved the granting permission (pursuant to article 98 par. 1 of Law 4548/2018) to the members of the Board of Directors, as well as to executive officers of the Company, to participate in the Boards of Directors or in the Management of other, (associated) companies, pursuing similar purposes.

The voting results on the 8th item were as follows:   

  • Number of shares for which valid votes were given: 8,006,716 (79.4317% of the share capital with voting rights), out of which:
    • For: 7,979,173
    • Against: 27,543
  • Abstain: 900

Announcements

The announcements  refered to: a) the election of a new member of the Board of Directors, namely Mr. Cedric Garnier as non-executive member, to replace the resigned, non-executive member Mr. Yong Yu, and b) the appointment of Mr. Artur Davidian from non-executive, to executive member of BoD.