REG-PhosAgro PJSC PhosAgro PJSC: Notice on depositary receipts

PhosAgro PAOAnnouncement

29/04/2022 17:45

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   PhosAgro PJSC (PHOR)
   PhosAgro PJSC: Notice on depositary receipts

   29-Apr-2022 / 19:40 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   For Immediate Release 29 April 2022

                                        

                                        

    

                         Notice on depositary receipts

   Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading
   vertically integrated phosphate-based fertilizer producers, announces that
   Federal Law No.  114-FZ on Amendments  to the Federal  Law on  Joint-Stock
   Companies and Certain Legislative Acts of the Russian Federation, dated 16
   April 2022, was  enacted on  27 April 2022.  Among other  things, the  Law
   prohibits the  placement of  and trading  in depositary  receipts  ("DRs")
   representing shares  in Russian  issuers, including  PhosAgro, unless  the
   Government Commission for Oversight of Foreign Investments in the  Russian
   Federation  provides express permission to do so.

   PhosAgro hereby announces that it  filed an application for permission  on
   28 April 2022. The Government Commission will make a decision with respect
   to the  application by  16 May  2022 (inclusive).  If its  application  is
   denied, PhosAgro will be required, pursuant to the Law, to take  necessary
   and sufficient measures  to terminate the  deposit agreements relating  to
   its DR programme within five business days after the date of said denial.

    

   About PhosAgro

    

   PhosAgro (www.phosagro.ru)  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%,  a  top-three
   producer 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, more  than 50 grades  of
   fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate,  which
   are used  by  customers in  102  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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   ISIN:           US71922G2093
   Category Code:  MSCU
   TIDM:           PHOR
   LEI Code:       25340053KRUNNYUWF472
   OAM Categories: 2.2. Inside information
   Sequence No.:   158748
   EQS News ID:    1340315


    
   End of Announcement EQS News Service

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