Uralkali Receives FSFM Permission to Increase GDR Programme
OREANDA-NEWS. August 29, 2011. Uralkali (LSE: URKA), one of the world’s largest potash producers, has received a permission from the Federal Service for Financial Markets of the Russian Federation ("FSFM") for the circulation of 157,586,376 of its shares overseas. The Company, therefore, currently holds a permission to trade overseas 773,659,476 shares, representing 25% of Uralkali’s total listed ordinary shares.
The FSFM permission regards 1-01-00296-A share issue dated 16.01.2004, as well as 1-01-00296-A-004D and 1-01-00296-A-005D additional share issues dated 28.04.2011.
Prior to this FSFM decision, Uralkali had a permission to deposit into its GDR programme up to 616,073,100 shares, representing 19.9% of its share capital.
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