18th Apr 2017 07:45
PJSC PHOSAGRO - PhosAgro PDMR Shareholding NoticePJSC PHOSAGRO - PhosAgro PDMR Shareholding Notice
PR Newswire
London, April 18
| For Immediate Release | 18 April 2017 |
PhosAgro PDMR Shareholding Notice
Moscow – PJSC PhosAgro (Moscow Exchange, LSE: PHOR) ("PhosAgro", the "Company"), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that Mr. Vladimir Litvinenko has acquired from Igor Antoshin, a member of PhosAgro's Board of Directors, 6,228,950 ordinary shares in PhosAgro, which is equivalent to 4.81% of the Company’s total issued share capital. The transfer of ownership of the shares has been completed.
As a result of this transaction, PhosAgro’s free float remains unchanged at 25.1% of the Company’s issued ordinary shares.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Igor | ||||
| Antoshin | ||||||
| 2 | Reason for the notification | |||||
| a) | Position/status | A member of the Board of directors | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | PJSC PhosAgro | ||||
| b) | LEI | 25340053KRUNNYUWF472 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares; issue ?1-02-06556-A | ||||
| Identification code | ||||||
| b) | Nature of the transaction | Sale of Ordinary shares | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| RUB 2,400 per share | 6,228,950 shares | |||||
| d) | Aggregated information | |||||
| Aggregated volume | 6,228,950 shares | |||||
| Price | RUB 14,949,480,000 | |||||
| e) | Date of the transaction | 12 April 2017 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
As a result of the transaction, the Company’s shareholding structure is as follows:
| Shareholder | Ownershipe |
| Free float | 25.10% |
| Adorabella Limited | 21.15% |
| Chlodwig Enterprises Limited | 22.51% |
| Igor Antoshin* | 7.07% |
| Vladimir Litvinenko | 19.35% |
| Evgeniya Guryeva | 4.82% |
Based on information available to the Company, the shares of Chlodwig Enterprises Limited and Adorabella Limited are held by a trust, the economic beneficiaries of which are Mr. Andrey G. Guryev and members of his family.
*Igor Antoshin’s stake in PhosAgro includes 2,489,540 ordinary shares in the Company (1.92% of the share capital) that were transferred by him under a REPO deal on 21.12.2016.
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.
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