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PhosAgro EGM Approves Dividends

23 January 2019
Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that an Extraordinary General Meeting of shareholders (“EGM”) has approved the payment of dividends in the amount of RUB 9,324 million, or RUB 72 per share (RUB 24 per Global Depositary Receipt), from the Company’s undistributed net profit as of 31 December 2017. The dividend record date has been set as 4 February 2019.

PhosAgro CEO and Board of Directors member Andrey Guryev commented on the EGM’s decision from the World Economic Forum in Davos by saying: “PhosAgro’s recently-completed large-scale investment programme has enabled the Company to generate cash flows that can support continued dividend payments, finance new investment projects and pay for social responsibility programmes.”