UK Markets closed

Update on PhosAgro’s depositary receipts programme

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

PhosAgro PJSC (PHOR)
Update on PhosAgro’s depositary receipts programme
21-Jun-2022 / 21:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

For Immediate Release

21 June 2022

 

 

 

Update on PhosAgro’s depositary receipts programme

Moscow  PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces today that it has been made aware by AO Citibank, the custodian under PhosAgro’s depositary receipts programme ("Programme") which maintains the depositary receipts programme custody account relating to the Programme ("DR Programme Custody Account"), that 170,500 ordinary shares in PhosAgro, which had previously been arrested in the context of criminal proceedings relating to Mr. Volkov’s former stake in PhosAgro, have been debited from the DR Programme Custody Account for onward crediting to Mr. Volkov. The relevant debit was made in accordance with the enforcement order, which entered into force.

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 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 listed on the Moscow Exchange, and global depositary receipts (GDRs) for shares are listed on the London Stock Exchange (under the ticker PHOR).

 


ISIN:

US71922G2093

Category Code:

MSCM

TIDM:

PHOR

LEI Code:

25340053KRUNNYUWF472

Sequence No.:

169797

EQS News ID:

1380651


 

End of Announcement

EQS News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting