REG-PhosAgro PJSC PhosAgro PJSC: PhosAgro Annual General Meeting of Shareholders to Be Held on 24 March

PhosAgro PAOAnnouncement

17/02/2023 16:45

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   PhosAgro PJSC (PHOR)
   PhosAgro PJSC: PhosAgro Annual General Meeting of Shareholders to Be Held
   on 24 March

   17-Feb-2023 / 19:35 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EquityStory RS.
   The issuer is solely responsible for the content of this announcement.

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     PhosAgro Annual General Meeting of Shareholders to Be Held on 24 March

   Moscow – The Board  of Directors of PJSC  PhosAgro (Moscow Exchange,  LSE:
   PHOR) (“PhosAgro”, the “Company”), one  of the world’s leading  vertically
   integrated phosphate-based fertilizer producers,  has decided to hold  the
   Company’s Annual  General Meeting  of  Shareholders on  24 March  2023  by
   absentee voting. The  record date for  participation in the  meeting is  1
   March 2023.

   At the meeting of the Board  of Directors, information was conveyed  about
   workplace injuries  at PhosAgro  Group  companies. Consistent  efforts  to
   improve occupational  health and  safety resulted  in a  reduction in  the
   overall injury rate by over 55%, from a LTIFR (lost time injury  frequency
   rate, including all categories of workers) of  0.86 to 0.38, as well as  a
   67% reduction in the  severity of injuries suffered  by PhosAgro staff  in
   2022.

   “The positive trend in reducing injuries  in the workplace attests to  the
   fact that the  Company’s focus over  the years on  fostering a culture  of
   safety and introducing state-of-the-art tools is bearing fruit.

   “Ensuring safe working conditions is one of the key principles of the  ESG
   agenda integrated  into  PhosAgro’s long-term  development  strategy.  Its
   consistent implementation  enables  the  Company  to  set  new  production
   records while fully meeting all its social obligations. As a result,  last
   year PhosAgro increased its support for social and charitable projects  by
   a factor of almost 2.5,  to a record RUB 12.9  billion. What is more,  the
   Company’s tax payments at all levels increased by a factor of 1.5, to more
   than RUB 59 billion,” said Viktor  Cherepov, Chairman of PhosAgro’s  Board
   of Directors, commenting on the Company’s FY 2022 results.

   The Board  of  Directors  took  under  advisement  an  evaluation  of  the
   effectiveness of the Company’s risk management and internal control system
   in 2022. The Company’s  Board of Directors was  briefed on the results  of
   its work in 2022, and reports from  the Chairs of the Board committees  on
   the work of the committees in Q1 2023 were considered.

   The Company’s 2022 Annual Report was provisionally approved and  submitted
   to the Annual General Meeting of  Shareholders for approval. The Board  of
   Directors also approved  a report  on compliance with  the principles  and
   recommendations of the 2022 Corporate Governance Code, confirming that  at
   present PhosAgro’s corporate  governance system and  practices fully  meet
   the Company’s  current  needs and  allow  shareholders to  exercise  their
   rights. The Internal  Audit Department’s report  on its work  in 2022  was
   also approved at the meeting.

   In addition, the  Board of  Directors approved a  report on  related-party
   transactions performed by the Company in 2022, and the Board proposed that
   the Annual  General Meeting  of  Shareholders approve  JSC Unicon  as  the
   Company’s external auditors under Russian Accounting Standards for 2023.

   The  Board  of  Directors  will  consider  other  issues  connected   with
   preparations for the Annual General Meeting of Shareholders, including the
   Company’s annual statements for FY 2022, at one of its upcoming meetings.

   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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   ISIN:          US71922G2093
   Category Code: MSCU
   TIDM:          PHOR
   LEI Code:      25340053KRUNNYUWF472
   Sequence No.:  224180
   News ID:       1563241


    
   End of Announcement EquityStory RS News Service

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