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PhosAgro Board of Directors Approves 2018 Budget

15 December 2017
Moscow – The Board of Directors of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has approved the Company’s budget for the next year.

The Board of Directors also called an Extraordinary General Meeting of Shareholders (“EGM”) for 26 February 2018 and approved the agenda of this meeting. The agenda will include approval of dividends. The Board of Directors recommended payment of RUB 2.72 billion in dividends (RUB 21 per ordinary share / RUB 7 per GDR) at its meeting on 21 November 2017. The record date for the EGM was set as 4 January 2018.

In addition, the Board of Directors approved the execution of financing transactions that are qualified as large transactions.