PhosAgro’s dividend policy is based on the following principles:
A decision regarding the payment of a dividend, its timing and the exact amount of such a payment is subject to approval of the General Shareholders Meeting, based on recommendations by the PhosAgro Board of Directors. The Board of Directors’ recommendations depend on such factors as the Company’s earnings, cash requirements, and financial position.
The amount of dividend payments is based on the Company’s net profits for set reporting periods (first quarter, six months, nine months and/or full year) calculated under Russian Accounting Standards (RAS).
A decision on the payment of an interim dividend is made by the General Shareholders Meeting within three months after the end of the relevant period. The timing of the dividends payment is determined by the General Shareholders Meeting and should not exceed 60 days following the decision.
Holders of PhosAgro GDRs are also entitled to receive dividends in respect of shares underlying the GDRs, subject to the terms of their Deposit Agreements.
PhosAgro’s dividend policy stipulates that the Board of Directors will always try to recommend dividend payments of between 30% and 50% of the Company’s consolidated profit for the year attributable to PhosAgro shareholders calculated in accordance with IFRS.
This website is using cookies and other web-technologies to help provide you with the best browsing experience that would suit your preferences. Cookies also help us gather statistics that show how the website is being used and how it can be improved in terms of content and structure.
By continuing to browse www.phosagro.com,