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PhosAgro EGM Elects Former UNESCO Director-General as Independent Director and Approves Dividends

26 February 2018
Moscow – PhosAgro ("PhosAgro" or "the Company") (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 a decision to pay dividends of RUB 2.72 billion, which represents RUB 21 per ordinary share (RUB 7 per global depositary receipt), from the Company’s undistributed net profit as of 31 December 2016. The record data for shareholders eligible to receive dividends was set as 12 March 2018.

The EGM also elected PhosAgro’s new Board of Directors, including former UNESCO Director-General Irina Bokova, who will join as an independent director.

  1. Andrey A. Guryev
  2. Andrey G. Guryev*
  3. Sven Ombudstvedt*
  4. James Rogers*
  5. Ivan Rodionov*
  6. Marcus Rhodes*
  7. Mikhail Rybnikov
  8. Irina Bokova*
  9. Natalia Pashkevich*
  10. Andrey Sharonov*
* non-executive director

Irina Bokova was the Director-General of UNESCO for two four-year terms (2009 - 2017). She was the first woman and the first Eastern European leader of the Organisation. Her long and successful career has included positions such as Bulgaria's first Secretary of State for European Integration, Foreign Minister of Bulgaria, twice an MP, Ambassador of Bulgaria to France and Monaco, and the Permanent Representative of the Republic of Belarus to UNESCO. Irina Bokova also contributed to the development of the new Constitution of Bulgaria in 1991. She received a diploma from the Moscow State Institute of International Relations, continued her education at the University of Maryland (USA) and completed courses in management at the John F. Kennedy School of Public Administration at Harvard University.

PhosAgro CEO and Board of Directors member Andrey Guryev said: “In addition to the the positive news that PhosAgro’s Board of Directors now has a majority of independent directors, we are pleased to welcome Irina Bokova to our team. Ms. Bokova spent a long time as the Director-General of UNESCO and was responsible for coordinating international cooperation on sustainable development at the United Nations.

“Ms. Bokova’s experience in this sphere, her ties with leading global research institutes and her international expertise in areas like environmental protection and scientific research will undoubtedly be useful as we consider PhosAgro’s new development strategy to 2025.”

Today’s EGM also approved the renumeration and compensation for members of the Board of Directors.