Last checked at 15 Jan 2016 14:00
OJSC PHOSAGRO - PhosAgro EGM Approves DividendOJSC PHOSAGRO - PhosAgro EGM Approves Dividend
PR Newswire
London, January 15
| For Immediate Release | 15 January 2016 |
PhosAgro EGM Approves Dividend
Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that an Extraordinary General Meeting of Shareholders (“EGM”) today approved the payment of dividends from undistributed profit in the amount of RUB 8,158.5 million, or RUB 63 per ordinary share (RUB 21 per Global Depositary Receipt).
The record date for eligibility to receive dividends was set as 26 January 2016.
PhosAgro CEO and member of the Board of Directors Andrey Guryev said: “In addition to paying dividends, this year PhosAgro plans to spend record amounts on its large-scale investment programme focused on building new production capacities, as well as on decreasing its debt load and on social and charity programmes.”
The EGM also approved PhosAgro joining the Russian Union of Employers of the Russian Union of Industrialists and Entrepreneurs, as well as a number of interested-party transactions.
For further information please contact:OJSC PhosAgroIrina Evstigneeva, Head of Corporate Finance and Investor Relationsir@phosagro.ru+7 495 231 3115 Timur Belov, Press OfficerAnastacia Basos, Deputy Press Secretary+7 495 232 9689EMSam VanDerlipvanderlip@em-comms.com+44 7554 993 032+7 499 918 3134
About the Company:
PhosAgro (www.phosagro.com), a vertically integrated Russia company, is one of the world’s leading producers of phosphate-based fertilizers and high-grade phosphate rock (containing >39% P2O5).
PhosAgro is the largest European producer of phosphate-based fertilizers, the world’s largest producer of high-grade phosphate rock, and the world’s second-largest producer of DAP and MAP (excluding China), according to Fertecon. It is also Europe’s largest, and Russia’s only, producer of monocalcium phosphate (MCP), as well as Russia’s only producer of nepheline concentrate.
The Company’s products, including phosphate rock, 28 fertilizer grades, feed phosphates, ammonia, and sodium tripolyphosphate are used in 100 countries spanning all of the inhabited continents. PhosAgro’s priority markets, in addition to Russia and the CIS, are Latin America, Europe and Asia.
The Company’s shares trade on the Moscow Exchange and Global Depositary Receipts for shares trade on the London Stock Exchange (both under the ticker PHOR).