16th Nov 2012 07:05
For Immediate Release 16 November 2012
Federal Financial Markets Service of Russia Registers PhosAgro's Additional Share Issue and Regulatory Prospectus for 13.5 Million New Ordinary Shares with Nominal Value of RUB 2.50 Per Share
Moscow - PhosAgro (or "the Company") , a leading global vertically integrated phosphate-based fertilizer producer, announces that the Federal Financial Markets Service of Russia (FFMS) has registered an additional share issue and the regulatory prospectus for 13.5 million new ordinary shares with a nominal value of RUB 2.50 per share placed through an open subscription.
On 19 October 2012 PhosAgro's Board of Directors unanimously approved an increase of the Company's share capital by way of issuance of 13.5 million new ordinary shares with a nominal value of RUB 2.50 per share, which amounts to 10.845% of PhosAgro's previously issued shares. The Board of Directors has also approved the additional share issue and the regulatory prospectus.
In accordance with the Russian Federation Law "On Joint Stock Companies", all PhosAgro shareholders have pre-emptive rights to purchase newly-issued shares in an amount pro rata to the number of ordinary shares they own. The list of shareholders that have pre-emptive rights to purchase newly-issued shares has been prepared based on PhosAgro shareholders register data as of 19 October 2012.
The shares may be paid for in Russian Roubles or US Dollars by way of wire transfer.
Information about the placement price will be disclosed in accordance with the requirements of existing legislation, simultaneously with information about the start of the placement.
The issuance of new shares may take place within one year after the date of the state registration of the share issue.
For further information please contact:
OJSC PhosAgro
+7 495 231 2747Irina Evstigneeva, Head of Corporate Finance and Investor RelationsTimur Belov, Press OfficerM:CommunicationsSam [email protected]+44 (0) 20 7920 2356Notes to Editors
PhosAgro is a leading global vertically integrated phosphate-based fertiliser producer. The Group focuses on the production of phosphate-based fertilisers, feed phosphate and high-grade phosphate rock (with P2O5 content of not less than 39 percent), as well as ammonia and nitrogen-based fertilisers.
The Group is the largest phosphate-based fertiliser producer in Europe, the largest producer of high-grade phosphate rock worldwide and the second largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also a leading producer of MCP feed phosphates in Europe, and the only producer in Russia.
PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high quality apatite-nepheline ore, representing over 75 years of production. The Group also controls substantial Al2O3 resources and has 41% of Russia's rare earth oxides resources according to the G.P. Luzin Institute of Economic Problems of the Kolskiy Scientific Centre of the Russian Academy of Sciences, 2010).
The Group's mines and phosphate rock production facilities are located in the mountainous areas of the Kola Peninsula in the Murmansk region of northwest Russia, whereas its fertiliser and feed phosphate production assets are located near the city of Cherepovets in the Vologda region and near the city of Balakovo in the Saratov region of southwest part of European Russia. PhosAgro's 2011 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.2 bln. The С ompany's net debt/EBITDA ratio was 0.43 at 31 December 2011.
For further information on PhosAgro please visit: www.PhosAgro.com
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