REG-PhosAgro PJSC PhosAgro PJSC: Independent Director Viktor Cherepov Re-elected Chairman of PhosAgro’s Board of Directors

PhosAgro PAOAnnouncement

04/04/2023 06:45

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   PhosAgro PJSC (PHOR)
   PhosAgro PJSC: Independent Director Viktor Cherepov Re-elected Chairman of
   PhosAgro’s Board of Directors

   04-Apr-2023 / 08:30 MSK
   The issuer is solely responsible for the content of this announcement.

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     Independent Director Viktor Cherepov Re-elected Chairman of PhosAgro’s
                               Board of Directors

   Moscow – The Board of Directors of PhosAgro (Moscow Exchange, LSE:  PHOR),
   one  of  the   world’s  leading   vertically  integrated   phosphate-based
   fertilizer producers, re-elected the independent director Viktor  Cherepov
   as its Chairman at  its first meeting since  the Company’s Annual  General
   Meeting  of  Shareholders.  Alexander  Sharabaiko  was  re-elected  Deputy
   Chairman of the Board of Directors.

   The meeting  also approved  the  leadership and  membership of  the  Board
   committees.

   The independent director  Viktor Cherepov was  re-elected Chairman of  the
   Audit Committee; Siroj Loikov was elected Chairman of the Remuneration and
   Human  Resources  Committee;  and  Alexander  Sharabaiko  was   re-elected
   Chairman of  the Strategy  and Sustainable  Development Committee.  Sergey
   Samosyuk was re-elected Secretary of the Board of Directors.

   Having considered the  issue of the  compliance of the  membership of  the
   committees with the objectives of the Board of Directors and the goals  of
   the Company’s  activities,  the  Board of  Directors  confirmed  that,  at
   present, taking into  account the  scale of  operations and  the level  of
   risk, the membership of the committees of the Board of Directors is  fully
   in line with the objectives of the Board of Directors and the goals of the
   Company’s activities, and that there is no need to create additional Board
   committees.

   The  Board  of  Directors  also  recognised  Vladimir  Trukhachev  as   an
   independent director in  accordance with the  provisions of the  Corporate
   Governance Code and the Listing Rules of Moscow Exchange.

   In addition, the  Company’s CEO,  Mikhail Rybnikov, spoke  at the  meeting
   about the key results of PhosAgro Group’s operations in the first quarter:

   “The consistent implementation of our long-term development programme  has
   enabled us to continue to ramp  up the pace of production of  agrochemical
   products. According to  preliminary data,  production in  1Q increased  6%
    year-on-year , which  lays  a solid  foundation  for us  to  achieve  our
   production target of 11.3 million tonnes by the end of the year. The  main
   factors driving increased  production are our  new million-tonne plant  in
   Volkhov, which  is going  to  reach design  capacity  this year,  and  our
   production facility in Balakovo, where the second phase of our large-scale
   strategic development programme is being completed.

   “Positive production trends are  reflected in our  higher tax payments  at
   all levels and in our support for corporate social and charitable projects
   as well as our increasing capitalisation:  as of the end of 1Q,  investors
   had estimated PhosAgro’s total value at RUB 1 trillion.”

    

   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 fertilizers are highly effective, ensuring the improved quality
   of agricultural produce.

   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:
    1 www.phosagro.ru  

    

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   The issuer is solely responsible for the content of this announcement.

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   ISIN:          US71922G2093
   Category Code: MSCH
   TIDM:          PHOR
   LEI Code:      25340053KRUNNYUWF472
   Sequence No.:  234623
   News ID:       1600213


    
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