Moscow. 15 February 2012 - PhosAgro ("PhosAgro" or "the Company") (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertiliser producer, announces that the Russian Federation Federal Financial Markets Service (“FFMS”) has officially registered the prospectus for the share split approved by shareholders at an extraordinary general meeting of shareholders (“EGM”) on 1 December 2011.
In connection with the official registration of this share issue, MICEX-RTS will suspend trading in PhosAgro shares no later than 16 February 2012. Trading in PhosAgro ordinary shares will resume after official registration of the Company’s report on the results of the share split. PhosAgro will issue a statement upon resumption of trading in its ordinary shares.
PhosAgro does not expect any suspension of trading in the Company’s GDRs on the London Stock Exchange in connection with the share split procedures.
The share split is scheduled to take place on 24 February 2012 and will increase the number PhosAgro shares from 12,447,708 ordinary shares with a nominal value of RUB 25 per share to 124,477,080 ordinary shares with a nominal value of RUB 2.5 per share. The share split coefficient is 10:1 new to old shares and following the split, each PhosAgro share will represent 3 GDRs instead of the current 30 GDRs.
The state registration number of this share split is 1-02-06556-A. In addition, the FFMS on 14 February 2012 also renewed its approval for up to 21.4% of the PhosAgro’s shares to be traded outside of Russia.