6th Dec 2011 16:29
For Immediate Release 6 December 2011
PhosAgro EGM Approves Share Split and 9M Dividend
Moscow - PhosAgro ("the Company"), a leading global vertically integrated phosphate-based fertilizer producer, announces that an Extraordinary General Meeting of shareholders ("EGM") on 1 December 2011 approved the following items:
* Share split and changes to the Company's Charter in relation to the share split: the share split 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. * Payment (declaration) of dividends as of nine months 2011: the total dividend of RUB 3,111,927,000 represents an amount of RUB 250 per ordinary registered undocumentary share. The cut-off date for shareholders eligible to receive dividends for this period was 26 October 2011. The payment date for the dividends will be within 60 days of the shareholder meeting, no later than 30 January 2012.
PhosAgro CEO Maxim Volkov said: "We promised investors that we would pay a dividend for the last nine months of 2011, and I am pleased that we have been able to deliver on part of that promise early with this interim dividend."
For further information please contact:
OJSC "PhosAgro"+7 495 231 2747Irina Evstigneeva, Head of Corporate Finance and Investor RelationsTimur Belov, Press OfficerM:CommunicationsUKStuart Leasor+ 44 20 7920 2317RussiaSam VanDerlip+7 495 663 8005Notes 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, as well as ammonia and nitrogen-based fertilisers. In 2010, the Group was the largest phosphate-based fertiliser 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 controls approximately 2.1 billion tonnes of high quality apatite-nepheline ore resources, which translates to over 75 years of production. The Group's strategic aim is to reinforce its position as a leading integrated global producer of fertilisers and to enhance overall value for its shareholders through increasing fertiliser and feed phosphate production capacities, utilising the full potential of its apatite-nepheline ore reserves base and continuing to improve operational flexibility and efficiency. PhosAgro is listed on the MICEX stock exchange (MICEX: PHOR) with its global depositary receipts listed on the London Stock Exchange (PHOR LI). The Group had revenues of approximately $2.5 billion in 2010 with EBIDTA of approximately $674 million. PhosAgro employs approximately 25,000 people.
For further information on PhosAgro please visit: www.PhosAgro.com
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