PhosAgro ao

AGM Information • Dec 15, 2023

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author: Кузеванов Иван Сергеевич
date: 2023-12-15 11:22:00+00:00

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PhosAgro Announces Results of Extraordinary General Meeting of Shareholders

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces the results of its Extraordinary General Meeting of Shareholders (EGM) held on 14 December 2023 in accordance with a decision of the Company’ Board of Directors, which, at a meeting on 9 November 2023, recognised the ongoing successful implementation of the Company’s development strategy to 2025.

The Board meeting noted that PhosAgro’s investment projects to construct new production facilities and modernise existing ones are being carried out in full compliance with the Company’s long-term development strategy. These projects – notably, the construction of a new production facility in Volkhov with a design capacity of 1 million tonnes – advance the production of mineral fertilizers and other products.

At the EGM, PhosAgro’s shareholders approved a decision to pay out dividends in the amount of RUB 291 per ordinary share. The EGM set 25 December 2023 as the dividend record date. Dividend payments will be made on or before 6 February 2024.

“PhosAgro continues to consistently implement its long-term development strategy, invest in production capacities and increase its production of eco-efficient products while maintaining its commitment to ESG principles. Our achievements in the successful implementation of our operational activities and investment programmes have been recognised by the business and investment community. We were ranked among Russia’s 10 largest companies by net profit according to Forbes, and among Russia’s 10 largest companies by revenue according to the Fortune 500 Europe 2023 list. Our excellent production performance enables us to fulfil all our obligations to stakeholders and to expand our support for social and charitable programmes. Over 10 years, our funding for these programmes has increased sevenfold, from RUB 1.9 billion to RUB 12.9 billion,” said Viktor Cherepov, Chairman of PhosAgro’s Board of Directors, commenting on the results of the EGM.

About the Company

PhosAgro (www.phosagro.ru) is a vertically integrated Russian company and one of the world’s leading producers of mineral phosphorous fertilizers and of high-grade apatite concentrate grading 39% P2O5 and higher. PhosAgro’s high-performance fertilizers produce crops with advanced features.

PhosAgro Group is the largest manufacturer of phosphate-based fertilisers in Europe (by total capacity of DAP/MAP/NP/NPK/NPS production), the largest producer of phosphite grading 39% P2O5 in the world and one of the leading global producers of ammonium and diammonium phosphate, one of Europe’s leading and the only producer in Russia of monocalcium phosphate feed (MCP), and the only producer in Russia of nepheline concentrate.

The company’s main products, including phosphite, 57 grades of fertilizer, phosphate feed, ammonium, and sodium tripolyphosphate, are used in around 100 countries on all inhabited continents. Our priority markets, besides Russia and the CIS, are Latin America, Europe, and Asia.

The company's shares are listed on the Moscow Exchange and its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (MOEX and LSE ticker: PHOR).

More information about PhosAgro PJSC can be found on our site: www.phosagro.ru