REG-PhosAgro PJSC PhosAgro PJSC: PhosAgro Received Permission to Maintain its Depositary Receipts Programme

PhosAgro PAOAnnouncement

19/05/2022 18:00

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   PhosAgro PJSC (PHOR)
   PhosAgro PJSC: PhosAgro Received Permission to Maintain its Depositary
   Receipts Programme

   19-May-2022 / 19:45 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                      19 May 2022

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   PhosAgro Received Permission to Maintain its Depositary Receipts Programme

   Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading
   vertically integrated phosphate-based fertilizer producers, further to its
   notice of 29 April 2022, hereby announces that, on 19 May 2022, it
   received a formal permission from the Government Commission on Control for
   Effectuation of Foreign Investments dated 18 May 2022 authorising PhosAgro
   to maintain its depositary receipts programme effective and the depositary
   receipts issued thereunder (ISINs: US71922G3083; US71922G4073;
   US71922G1004) (the "DRs") to remain in circulation (the "Permission"). The
   Permission is not expressed to be limited in time.

   The issue of the Permission means that the provisions of Federal Law No.
   114-FZ "On Amendments to Federal Law "On Joint-Stock Companies" and
   Certain Legislative Acts of the Russian Federation" dated 16 April 2022
   requiring Russian issuers to terminate their depositary receipts
   programmes, which came into force on 27 April 2022, do not apply to
   PhosAgro.

   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
   OAM Categories: 2.2. Inside information
   Sequence No.:   162958
   EQS News ID:    1357199


    
   End of Announcement EQS News Service

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