REG-PhosAgro PJSC PhosAgro PJSC: PhosAgro Shareholders Elect New Board of Directors and Approve 2021 Annual Report

PhosAgro PAOAnnouncement

01/07/2022 18:00

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   PhosAgro PJSC (PHOR)
   PhosAgro PJSC: PhosAgro Shareholders Elect New Board of Directors and
   Approve 2021 Annual Report

   01-Jul-2022 / 20:00 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 1 July 2022

                                        

                                        

    

   PhosAgro Shareholders Elect New Board of Directors and Approve 2021 Annual
                                     Report

   Moscow – A new Board of Directors of PJSC PhosAgro (Moscow Exchange,  LSE:
   PHOR), one of  the world’s leading  vertically integrated  phosphate-based
   fertilizer producers,  was elected  during  the Company’s  Annual  General
   Meeting of Shareholders (AGM), which  was held on 30  June in the form  of
   absentee voting.

   The new  Board  includes  the  following  members:  Viktor  Ivanov,  Yuriy
   Krugovykh,  Siroj  Loikov,  Natalia  Pashkevich,  Ivan  Rodionov,  Mikhail
   Rybnikov, Alexander Seleznev,  Viktor Cherepov,  Alexander Sharabaiko  and
   Andrey Sharonov.

   The AGM  approved the  Company’s annual  report for  2021, which  reflects
   record production results. For  example, last year  PhosAgro Group set  an
   all-time record of 10.5 million tonnes of eco-efficient products – 3% more
   than in 2020 – and providing  reliable supplies of mineral fertilizers  to
   the Company’s priority Russian market  and 102 other countries around  the
   world.

   Investment projects are being implemented in  line with plans laid out  in
   the Company’s Development Strategy to 2025. Notably, a new sulphuric  acid
   production unit with a capacity of 3,300 tonnes per day (SK-3300) and  the
   rebuilt Cryolite railway station came online at the Cherepovets production
   site. The Company’s project to build a new production facility in  Volkhov
   has entered the final stage.  In February 2022, PhosAgro began  industrial
   trial runs  of  a  new horizon  +10  m  level at  the  Apatit  mining  and
   beneficiation plant’s  Kirovsky  mine  (PhosAgro Group).  The  project  is
   slated for completion in 4Q 2023.

   The AGM did not adopt a decision on the distribution of profits, including
   the payment of  dividends based on  2021 results. The  Board of  Directors
   will consider the matter of recommending the distribution of profits at an
   upcoming meeting.

   The AGM also elected the members of PhosAgro’s Audit Commission,  approved
   the Company’s  annual financial  statements for  2021 and  determined  the
   procedure, terms and amount of  remuneration and compensation payments  to
   be made to members of the Board  of Directors. JSC Unicon was approved  as
   PhosAgro’s auditor for 2022.

   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:  AGM
   TIDM:           PHOR
   LEI Code:       25340053KRUNNYUWF472
   OAM Categories: 2.2. Inside information
   Sequence No.:   172201
   EQS News ID:    1389299


    
   End of Announcement EQS News Service

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