PhosAgro EGM Approves Dividend Payment

OJSC PhosAgro (PHOR) 
PhosAgro EGM Approves Dividend Payment 
 
24-Jan-2020 / 18:30 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer / publisher is solely responsible for the content of this 
announcement. 
 
For Immediate Release 24 January 2020 
 
                                      PhosAgro EGM Approves Dividend Payment 
 
  Moscow - Shareholders of PhosAgro (Moscow Exchange, LSE: PHOR), one of the 
 world's leading vertically integrated phosphate-based fertilizer producers, 
     at an extraordinary general meeting (EGM) today approved the payment of 
   dividends in the amount of RUB 6.216 billion, or RUB 48 per share (RUB 16 
 per global depositary receipt), from the Company's undistributed net profit 
                                       as of 31 December 2018. 
 
                   The dividend record date has been set as 4 February 2020. 
 
"The successful completion of a multi-year, large-scale investment programme 
  has expanded PhosAgro's ability to generate free cash flow," said PhosAgro 
   CEO Andrey Guryev, commenting on the EGM decision from the World Economic 
     Forum in Davos. "This has enabled the Company to finance new investment 
   projects and social responsibility programmes that are planned as part of 
PhosAgro's strategy to 2025, while at the same time ensuring stable dividend 
                                       payments to our shareholders." 
 
About PhosAgro 
 
    PhosAgro (www.phosagro.com [1]) is one of the world's leading vertically 
      integrated phosphate-based fertilizer producers in terms of production 
 volumes of phosphate-based fertilizers and high-grade phosphate rock with a 
         P2O5 content of 39% and higher. PhosAgro's environmentally friendly 
fertilizers stand out for their high efficiency, and they do not lead to the 
                                   contamination of soils with heavy metals. 
 
The Company is the largest phosphate-based fertilizer producer in Europe (by 
    total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of 
 high-grade phosphate rock with a P2O5 content of 39% and one of the leading 
         producers of MAP/DAP globally, one of the leading producers of feed 
   phosphates (MCP) in Europe, and the only producer in Russia, and Russia's 
             only producer of nepheline concentrate (according to the RAFP). 
 
  PhosAgro's main products include phosphate rock, 39 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. 
 
More information about PhosAgro can be found on the website: 
www.phosagro.com [1]. 
 
ISIN:           US71922G2093 
Category Code:  DIV 
TIDM:           PHOR 
LEI Code:       635400F8A3KGJIIBIK95 
OAM Categories: 2.2. Inside information 
Sequence No.:   42679 
EQS News ID:    961015 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8f5b4bfefe8d147461e27463b8e4e900&application_id=961015&site_id=vwd&application_name=news 
 

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January 24, 2020 10:30 ET (15:30 GMT)