Popular Queries

PhosAgro AGM Approves Final 2013 Dividend

16 June 2014

Moscow – PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that on 13 June 2014 the annual general meeting of shareholders ("AGM") approved a final 2013 dividend of RUB 2,499,350,000, or RUB 19.3 per share (RUB 6.4 per depositary receipt).  This dividend payment comes in addition to the RUB 2,000,775,000, or RUB 15.45 per share (RUB 5.15 per depositary receipt) already paid during 2013

PhosAgro Board of Directors Member and CEO Andrey Guryev said: "We have consistently delivered on the promise made to shareholders during our IPO and SPO by building shareholder value and upholding our dividend policy.  We maintained a strong financial position throughout 2013, and look forward to presenting new strategic initiatives aimed at building sustainable value to our shareholders later in 2014.  We aim to invest in projects that will build value and sustain PhosAgro’s leading position in the global fertilizer market, while maintaining stable cash flows to enable continued dividend payments."

The ex-dividend date has been set as 24 June 2014.

At the AGM shareholders also approved PhosAgro's annual report and statutory financial statements for 2013, elected the Board of Directors and Review Committee, approved a number of related party transactions.

Shareholders also approved Tax Planning Centre "Korpus Prava" as the Company's RAS auditor.  KPMG will audit PhosAgro's consolidated IFRS financial statements for 2014.