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”) today approved payment of interim dividends for the first six months of 2014 totalling RUB 3,237.5 billion, or RUB 25 per share (RUB 8.3 per global depositary receipt). The dividend record date was set at 29 September 2014.
PhosAgro CEO Andrey Guryev said: “In addition to financing our comprehensive investment programme, which aims to achieve a 25% increase in PhosAgro’s fertilizer production capacity, we continue to fulfil our promises to investors regarding the payment of dividends.
The interim dividends for the first half of 2014 represent more than 40% of PhosAgro’s IFRS net profit for the first six months of 2014. “This is possible thanks to PhosAgro’s strong financial results in the first half of the year,” added Guryev.
Today’s EGM also approved the amount and timing of payment of remuneration and compensation to the members of the PhosAgro Board of Directors.