PhosAgro Board Approves AGM Agenda

PJSC PHOSAGRO - PhosAgro Board Approves AGM Agenda

PR Newswire

London, April 6

PhosAgro Board Approves AGM Agenda

Moscow – The Board of Directors of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, at its meeting today approved the agenda for the Annual General Meeting of Shareholders (“AGM”), as well as other issues related to the AGM. The following items were included in the AGM agenda:

The AGM will take place on 30 May 2017. The record date for shareholders eligible to participate in the AGM has been set as 5 May 2017. During its previous meeting, the Board of Directors recommended the AGM approve a final 2016 dividend of RUB 3,885 million, which represents RUB 30 per share (RUB 10 per global depositary receipt). The Board recommended that the record date for shareholders eligible to receive dividends be set as 13 June 2017.

At today’s meeting, the Board of Directors also approved a financing transaction that is considered a large transaction.

Notes to Editors

PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P2O5 content of not less than 39%).

The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia. It is Russia’s only producer of nepheline concentrate.

PhosAgro’s main products include phosphate rock, 33 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 100 countries spanning all of the world’s inhabited continents. The Company’s priority markets outside of Russia and the CIS are Latin America, Europe and Asia.

PhosAgro’s shares are traded on the Moscow Exchange, and global depositary receipts (“GDRs”) for shares trade on the London Stock Exchange (under the ticker PHOR). Since 1 June 2016, the Company’s GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.