REG-PhosAgro PJSC PhosAgro PJSC: PhosAgro Announces Results of Extraordinary General Meeting of Shareholders

PhosAgro PAOAnnouncement

16/12/2022 07:00

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   PhosAgro PJSC (PHOR)
   PhosAgro PJSC: PhosAgro Announces Results of Extraordinary General Meeting
   of Shareholders

   16-Dec-2022 / 09:59 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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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 an Extraordinary General Meeting of Shareholders (EGM) held  on
   8 December 2022.

   The EGM took place  in accordance with a  decision of PhosAgro’s Board  of
   Directors, which, at a meeting on 3 November 2022, highlighted significant
   progress in  the  implementation of  the  Company’s climate  strategy  and
   discussed the Company’s financial statements for the first nine months  of
   2022.

   The EGM noted PhosAgro’s strong performance over the first three  quarters
   of 2022.  Mineral fertilizer  production increased  by 6.7%  year-on-year,
   reaching 8.1 million tonnes. With this trend in mind, the Company was able
   to improve its forecast for the year: production could exceed 10.9 million
   tonnes, a  year-on-year increase  of almost  5%. This  expansion was  made
   possible thanks to the smooth,  uninterrupted operation of new  production
   facilities launched  as  part  of the  Company’s  comprehensive  long-term
   development programme. 

   The Company  will  invest  about  RUB  64  billion  (including  for  major
   overhauls) this  year, and  more than  RUB 250  billion in  the next  five
   years. At the EGM, PhosAgro’s shareholders approved a decision to pay  out
   dividends in the amount of RUB 318 per ordinary share. The dividend record
   date was set as 19 December 2022.

   “In the  current  environment, we  are  not scaling  back  our  investment
   programme; we  are going  to allocate  a record  amount of  funds for  the
   development of  our production  facilities this  year. The  Company’s  tax
   payments are going  to increase  by 50%. In  addition, we  have more  than
   doubled our support  for social  and charitable programmes,  to RUB⁠  10.9
   billion. At the same time, PhosAgro  is fulfilling its obligations to  its
   shareholders by paying out  dividends that are  reinvested in the  Russian
   economy”, said  Viktor  Cherepov,  Chairman  of  the  Company’s  Board  of
   Directors, in commenting on the results of the EGM.

   About the Company

   PhosAgro ( 1 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 and  avoiding soil contamination by  heavy
   metals.

   PhosAgro Group is the largest manufacturer of phosphate-based  fertilisers
   in Europe  (by  total  capacity  of  NAP/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, and the only producer in Russia of nepheline concentrate.

   The company’s  main  products,  including  phosphite,  over  50  types  of
   fertilizer, phosphate  feed, ammonium,  and sodium  tripolyphosphate,  are
   used in  over 102  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:
    2 www.phosagro.ru 

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   ISIN:           US71922G2093
   Category Code:  GMS
   TIDM:           PHOR
   LEI Code:       25340053KRUNNYUWF472
   OAM Categories: 2.2. Inside information
   Sequence No.:   209086
   EQS News ID:    1514783


    
   End of Announcement EQS News Service

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