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PhosAgro EGM Approves Dividend Payment

24 january 2020
Moscow – Shareholders of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, at an extraordinary general meeting (EGM) today approved the payment of dividends in the amount of RUB 6.216 billion, or RUB 48 per share (RUB 16 per global depositary receipt), from the Company’s undistributed net profit as of 31 December 2018. 

The dividend record date has been set as 4 February 2020. 

“The successful completion of a multi-year, large-scale investment programme has expanded PhosAgro’s ability to generate free cash flow,” said PhosAgro CEO Andrey Guryev, commenting on the EGM decision from the World Economic Forum in Davos. “This has enabled the Company to finance new investment projects and social responsibility programmes that are planned as part of PhosAgro’s strategy to 2025, while at the same time ensuring stable dividend payments to our shareholders.”