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For Immediate Release
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6 March 2020
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PhosAgro CEO Purchases Company Shares
Andrey Guryev, the CEO, Chair of the Management Board and Member of the Board of Directors of PhosAgro, has purchased 62,230 ordinary shares of the Company, which represents 0.048% of the total shares in issue.
PhosAgro CEO Andrey Guryev said, "I have full confidence in PhosAgro's prospects and believe that the Company's current market capitalisation is significantly below its fundamental value due to negative market conditions, which is why I decided to purchase shares."
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Andrey Andreevich
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Guryev
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2
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Reason for the notification
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a)
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Position/status
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A member of the Board of directors
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b)
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Initial notification /Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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PJSC PhosAgro
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b)
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LEI
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25340053KRUNNYUWF472
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
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Ordinary shares; release №1-02-06556-A
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Identification code
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b)
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Nature of the transaction
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Purchase
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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RUB 2,350.00
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62,230
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d)
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Aggregated information
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Aggregated volume
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62,230
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Price
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RUB 146,240,500
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e)
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Date of the transaction
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06 Mar 2020
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f)
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Place of the transaction
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Outside a trading venue
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Contacts
PJSC PhosAgro
Andrey Serov, Head of Investor Relations Department
+7 495 232 9689 ext 2187
ir@phosagro.ru
Timur Belov, Press Officer
+7 495 232 9689
EM
Sam VanDerlip
vanderlip@em-comms.com
+44 207 002 7859
Dmitry Zhadan
zhadan@em-comms.com
+7 916 770-89-09
About the Company
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% and one of the leading producers 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, 39 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 100 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: www.phosagro.com.
