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PhosAgro EGM Approves Dividends

6 July 2018
Moscow – PhosAgro (“the Company”, Moscow Exchange, LSE: PHOR), one of the world’s leading vertically-integrated phosphate-based fertilizer producers, announces that the Extraordinary General Meeting of Shareholders (“EGM”) today has approved a decision to pay a dividend of RUB 3.11 billion, or RUB 24 per ordinary share (RUB 8 per Global Depositary Receipt), from the Company’s retained earnings as of 31 December 2017. The record date for shareholders eligible to receive dividends was set as 23 July 2018.

PhosAgro CEO Andrey Guryev said: “We have been paying dividends at the top end of the payout range established by PhosAgro’s dividend policy on a quarterly basis for several years. We aim to maintain this approach in the years ahead, while in parallel achieving impressive production results, investing in the Company’s development and implementing social and charitable programmes.”

The EGM also approved a number of related party transactions.