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14 Dec 2012 08:00
OJSC PHOSAGRO - Director/PDMR ShareholdingOJSC PHOSAGRO - Director/PDMR Shareholding
PR Newswire
London, December 14
Moscow - PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), aleading global vertically integrated phosphate-based fertilizer producer,announces that its Chairman of the Board of Directors Sven Ombudstvedt hasacquired 4,000 global depositary receipts ("GDRs") for PhosAgro shares (3 GDRsrepresent 1 ordinary share), which is the equivalent of 0.001% of the Company'sauthorised share capital.
Prior to this acquisition, Mr. Ombudstvedt did not own any PhosAgro shares orGDRs.
For further information please contact:
OJSC PhosAgro
+7 495 231 2747Irina Evstigneeva, Head of Corporate Finance and Investor RelationsTimur Belov, Press OfficerM:CommunicationsSam VanDerlipvanderlip@mcomgroup.com+44 (0) 20 7920 2356Notes to EditorsPhosAgro is a leading global vertically integrated phosphate-based fertiliserproducer. The Company focuses on the production of phosphate-based fertilisers,feed phosphate and high-grade phosphate rock (with P2O5 content of not lessthan 39 percent), as well as ammonia and nitrogen-based fertilisers.
PhosAgro is the largest phosphate-based fertiliser producer in Europe, thelargest producer of high-grade phosphate rock worldwide and the second largestMAP/DAP producer in the world (excluding China), according to Fertecon.PhosAgro is also a leading producer of MCP feed phosphates in Europe, and theonly producer in Russia.
The Company has 2.1 billion tonnes of resources (according to JORC) of highquality apatite-nepheline ore, representing over 75 years of production. Italso controls substantial Al2O3 resources and has 41% of Russia's rare earthoxides resources according to the G.P. Luzin Institute of Economic Problems ofthe Kolskiy Scientific Centre of the Russian Academy of Sciences, 2010).
PhosAgro's mines and phosphate rock production facilities are located in themountainous areas of the Kola Peninsula in the Murmansk region of northwestRussia, whereas its fertiliser and feed phosphate production assets are locatednear the city of Cherepovets in the Vologda region and near the city ofBalakovo in the Saratov region of southwest part of European Russia. PhosAgro's2011 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.2 bln. The Сompany's net debt/EBITDA ratio was 0.43 at 31 December 2011.
For further information on PhosAgro please visit: www.PhosAgro.com
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