Moscow – PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that its Board of Directors today recommended that the Company’s shareholders approve a dividend of RUB 2,000,775,000, or RUB 15.45 per share (RUB 5.15 per GDR).
The Board of Directors has called an Extraordinary General Meeting of Shareholders (EGM) on 12 October 2013 via absentee vote. The cut-off date for shareholders eligible to participate in the EGM and receive dividends is 6 September 2013. The agenda for the meeting also includes voting on changes to PhosAgro’s Board of Directors regulations, approval of related-party transactions, as well as approval of a loan agreement between PhosAgro and its subsidiaries.
At today’s meeting the Board of Directors also reviewed the Company’s consolidated IFRS accounts for the first half of 2013, approved a revised plan for the Board through June 2014, and passed changes to regulations for the Board’s Environmental, Health and Safety Committee.