Last checked at 6 Mar 2020 15:45
OJSC PhosAgro (PHOR) PhosAgro CEO Purchases Company Shares 06-March-2020 / 18:45 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
PhosAgro CEO Purchases Company Shares
Andrey Guryev, the CEO, Chair of the Management Board and Member of the Board of Directors of PhosAgro, has purchased 62,230 ordinary shares of the Company, which represents 0.048% of the total shares in issue.
PhosAgro CEO Andrey Guryev said, "I have full confidence in PhosAgro's prospects and believe that the Company's current market capitalisation is significantly below its fundamental value due to negative market conditions, which is why I decided to purchase shares."
Contacts PJSC PhosAgro Andrey Serov, Head of Investor Relations Department +7 495 232 9689 ext 2187 ir@phosagro.ru
Timur Belov, Press Officer +7 495 232 9689
EM Sam VanDerlip vanderlip@em-comms.com +44 207 002 7859
Dmitry Zhadan zhadan@em-comms.com +7 916 770-89-09
About the Company PhosAgro (www.phosagro.com) is one of the world's leading vertically integrated phosphate-based fertilizer producers in terms of production volumes of phosphate-based fertilizers and high-grade phosphate rock with a P2O5 content of 39% and higher. PhosAgro's environmentally friendly fertilizers stand out for their high efficiency, and they do not lead to the contamination of soils with heavy metals.
The Company is the largest phosphate-based fertilizer producer in Europe (by total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of high-grade phosphate rock with a P2O5 content of 39% and one of the leading producers of MAP/DAP globally, one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia, and Russia's only producer of nepheline concentrate (according to the RAFP).
PhosAgro's main products include phosphate rock, 39 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 100 countries spanning all of the world's inhabited continents. The Company's priority markets outside of Russia and the CIS are Latin America, Europe and Asia.
PhosAgro's shares are traded on the Moscow Exchange, and global depositary receipts (GDRs) for shares trade on the London Stock Exchange (under the ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.
More information about PhosAgro can be found on the website: www.phosagro.com.
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| ISIN: | US71922G2093 |
| Category Code: | DSH |
| TIDM: | PHOR |
| LEI Code: | 635400F8A3KGJIIBIK95 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 50930 |
| EQS News ID: | 991639 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.