Last checked at 24 Apr 2013 07:00
OJSC PHOSAGRO - PhosAgro Board of Directors DecisionsOJSC PHOSAGRO - PhosAgro Board of Directors Decisions
PR Newswire
London, April 23
Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), a leading global verticallyintegrated phosphate-based fertilizer producer, announces that its Board ofDirectors at a meeting on 22-23 April 2013 reviewed the Company's consolidatedIFRS financial statements and gave preliminary approval to the PhosAgro 2012Annual Report.
The Board of Directors also introduced changes to the agenda of the AnnualGeneral Meeting of Shareholders (AGM) that was approved on 5 April 2013, addingremuneration and compensation for the members of the Board of Directors. TheBoard also approved the text of the meeting notification, the form and text ofthe ballots for voting at the AGM,, the list of information to be provided toshareholders ahead of the AGM, and it appointed PhosAgro Board member IvanRodionov as the Chairman of the AGM.
In addition, the Board introduced editorial changes to its 5 April 2013decision regarding its recommendation on dividend payments. The recommendeddividend of RUB 19.9 per ordinary share with a nominal value of RUB 2.50remains unchanged. These dividends are planned to be paid in addition toalready paid interim dividends for the first half of 2012 and the first ninemonths of 2012.
The PhosAgro AGM will be held on 10 June 2013. The shareholder register cut-offdate for the AGM was 22 April 2013.
The AGM agenda includes:
* Approval of the Company's financial statements for the year ended 31 December 2012; * Distribution of profit, including payment of dividends; * Election of the members of the Board of Directors; * Election of the members of the Review Committee; and * Approval of related party transactions.For further information please contact:
OJSC PhosAgro
+7 495 231 2747Irina Evstigneeva, Head of Corporate Finance and Investor RelationsTimur Belov, Press Officer M:Communications Sam VanDerlipvanderlip@mcomgroup.com+44 (0) 7554 993 032 Notes to EditorsPhosAgro is a leading global vertically integrated phosphate-based fertiliserproducer. The Group 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.
The Group 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.
PhosAgro has 2.1 billion tonnes of resources (according to JORC) of highquality apatite-nepheline ore, representing over 75 years of production. TheGroup also controls substantial Al2O3 resources and has 41% of Russia's rareearth oxides resources according to the G.P. Luzin Institute of EconomicProblems of the Kolskiy Scientific Centre of the Russian Academy of Sciences,2010).
The Group'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.
For further information on PhosAgro please visit: www.PhosAgro.com