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PhosAgro EGM Approves Dividends and New Charter

29 July 2016
Moscow – PhosAgro (“the Company”), one of the world’s leading vertically-integrated phosphate-based fertilizer producers, announces that an Extraordinary General Meeting of Shareholders on 29 July 2016 approved dividends and a new edition of the Company’s Charter.  The record date for shareholders eligible to receive dividends was set as 10 August 2016.

The total dividend payout of RUB 8,158.5 million is equal to RUB 63 per ordinary share (RUB 21 per Global Depositary Receipt), and comes from undistributed profit as of 31 March 2016.

The new edition of the Charter has been updated to adhere to current legislation. Changes were also introduced to bring PhosAgro’s Charter in line with the recommendations of the Central Bank of Russia’s Corporate Governance Codex.

The updates concern, among other things, a change in OJSC PhosAgro’s name and legal form, in accordance with current legislation, to PJSC (Public Joint Stock Company) PhosAgro.  In July of this year the Company marked five years since its IPO.  PhosAgro’s shares currently trade on the Moscow Exchange, and Global Depositary Receipts on its shares, which are included in the MSCI Russia index, trade on the London Stock Exchange.

PhosAgro CEO Andrey Guryev said: “Thanks to our continued focus on raising our competitiveness, we have been able to maintain a solid position as a market leader for fertilisers both domestically and internationally, and to generate stable cash flows. This means we can continue to fulfil our promises to investors, and to maintain our investment and social programmes.”