Moscow – PhosAgro(or "the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that the Federal Financial Markets Service of Russia (FFMS) has registered an additional share issue and the regulatory prospectus for 13.5 million new ordinary shares with a nominal value of RUB 2.50 per share placed through an open subscription.
On 19 October 2012 PhosAgro`s Board of Directors unanimously approved an increase of the Company`s share capital by way of issuance of 13.5 million new ordinary shares with a nominal value of RUB 2.50 per share, which amounts to 10.845% of PhosAgro`s previously issued shares. The Board of Directors has also approved the additional share issue and the regulatory prospectus.
In accordance with the Russian Federation Law “On Joint Stock Companies”, all PhosAgro shareholders have pre-emptive rights to purchase newly-issued shares in an amount pro rata to the number of ordinary shares they own.
The list of shareholders that have pre-emptive rights to purchase newly-issued shares has been prepared based on PhosAgro shareholders register data as of 19 October 2012.
The shares may be paid for in Russian Roubles or US Dollars by way of wire transfer.
Information about the placement price will be disclosed in accordance with the requirements of existing legislation, simultaneously with information about the start of the placement.
The issuance of new shares may take place within one year after the date of the state registration of the share issue.