PhosAgro EGM Approves Dividends

Mittwoch, 23.01.2019 16:30

OJSC PhosAgro (PHOR) PhosAgro EGM Approves Dividends 23-Jan-2019 / 16:30 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer / publisher is solely responsible for the content of this announcement.


For Immediate Release

23 January 2019

 

 

 

PhosAgro EGM Approves Dividends

 

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") has approved the payment of dividends in the amount of RUB 9,324 million, or RUB 72 per share (RUB 24 per Global Depositary Receipt), from the Company's undistributed net profit as of 31 December 2017. The dividend record date has been set as 4 February 2019.

 

From the World Economic Forum in Davos, PhosAgro CEO and Board of Directors member Andrey Guryev commented on the EGM's decision by saying: "PhosAgro's recently-completed large-scale investment programme has enabled the Company to generate cash flows that can support continued dividend payments, finance new investment projects and pay for social responsibility programmes."

 

For further information please contact: PhosAgro Alexander Seleznev, 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 7554 993 032 +7 499 918 3134 About the Company

 

PhosAgro 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.

 

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%, a top-three producer 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.ru.

 

 


ISIN: US71922G2093
Category Code: GMS
TIDM: PHOR
LEI Code: 635400F8A3KGJIIBIK95
Sequence No.: 7233
EQS News ID: 768945
 
End of Announcement EQS News Service

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