REG-PhosAgro PJSC PhosAgro PJSC: PhosAgro Board of Directors Elects New Management Board

PhosAgro PAOAnnouncement

27/05/2022 16:45

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   PhosAgro PJSC (PHOR)
   PhosAgro PJSC: PhosAgro Board of Directors Elects New Management Board

   27-May-2022 / 18:30 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                      27 May 2022

   PhosAgro Board of Directors Elects New Management Board
    
   Moscow – The Board  of  Directors of  PhosAgro  elected a  new  Management
   Board, which  includes  Mikhail  Rybnikov,  Alexey  Sirotenko  and  Dmitry
   Morozov.

   In addition, the list  of candidates for election  to PhosAgro’s Board  of
   Directors at the Annual General Meeting of Shareholders was approved.  The
   list includes all current members of  the Board of Directors who  continue
   to perform  their  duties. The  candidate  list for  the  Company’s  Audit
   Commission was also approved.

   The Board of Directors approved related-party transactions, including  one
   major transaction,  and  proposed  that  the  Annual  General  Meeting  of
   Shareholders designate  Unicon as  the Company’s  auditor for  2022  under
   Russian Accounting Standards.

   Given the  situation in  external  markets, the  Board of  Directors  will
   discuss the issue of interim dividend payments at a later date.

   Furthermore,  the  Board  of  Directors  reviewed  issues  concerning  the
   preparation of the Company’s Annual General Meeting of Shareholders,  such
   as the format and text of voting  ballots and the wording of decisions  on
   agenda items.  The  Board decided  to  add  the report  on  the  Company’s
   internal audit  to the  list  of materials  submitted to  shareholders  in
   preparation for the Annual General Meeting.

   About PhosAgro 

   PhosAgro (www.phosagro.com)  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 P 2 O 5  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 P 2 O 5  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. 

   More   information    about    PhosAgro    can    be    found    on    the
   website:  1 www.phosagro.com

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   ISIN:          US71922G2093
   Category Code: MSCH
   TIDM:          PHOR
   LEI Code:      25340053KRUNNYUWF472
   Sequence No.:  164757
   EQS News ID:   1363391


    
   End of Announcement EQS News Service

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