PhosAgro Terminates Market Maker Agreement as Company’s Shares Were Included in MICEX Stock Exchange Quotation List “B”
Moscow – PhosAgro (or "the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that it has terminated a market making agreement effective 1 December 2012.
The agreement to support the prices of PhosAgro’s issued securities was terminated in connection with the fact that PhosAgro shares were upgraded fr om the MICEX Stock Exchange’s quotation list “V” to quotation list “B”, wh ere such an agreement is not required.
Quotation list “B” has certain liquidity and market capitalisation requirements compared to quotation list “V”. Inclusion of its shares in quotation list “B” will give PhosAgro access to a broader base of investors, including funds from the Russian Federation Deposit Insurance Agency.
The agreement to support the prices of PhosAgro’s issued securities was terminated in connection with the fact that PhosAgro shares were upgraded fr om the MICEX Stock Exchange’s quotation list “V” to quotation list “B”, wh ere such an agreement is not required.
Quotation list “B” has certain liquidity and market capitalisation requirements compared to quotation list “V”. Inclusion of its shares in quotation list “B” will give PhosAgro access to a broader base of investors, including funds from the Russian Federation Deposit Insurance Agency.