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PhosAgro EGM Approves Revised Versions of Regulations on the General Meeting of Shareholders and Regulations on the Board of Directors, and approve payment of dividends

3 October 2016
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”) today approved revised versions of the Regulations on the General Meeting of Shareholders and Regulations on the Board of Directors. Both documents have been developed in compliance with the regulation of the Russian Federation, the requirements of securities trading regulators and recommendations of the Corporate Governance Code approved by the Bank of Russia, as well as in line with best global practice in the field of corporate governance. 

Shareholders also approved a dividend payment of RUB 4,273.5 million, or RUB 33 per share (RUB 11 per Global Depositary Receipt), from the Company’s unallocated net profit as of 31 December 2015. The record date conveying eligibility for shareholders to receive dividends was set as 14 October 2016.

A number of related-party transactions were also approved.