OREANDA-NEWS. October 28, 2011. Uralkali (LSE: URKA), one of the world’s largest potash producers, announces the decisions made by the Board of Directors at the meeting on 25 October 2011.

The Board of Directors has resolved to call an extraordinary general meeting of shareholders (EGM) in the form of absentee voting on 8 December 2011 in order to vote on dividend payment as a way of profit distribution.

The Board of Directors has recommended that the EGM approve an interim dividend payment in the amount of RUR 4.00 per share (a total of approximately RUR 12.4 billion), relating to undistributed profit of the previous years.

Vladislav Baumgertner, Uralkali CEO:

“Uralkali’s new dividend policy provides the recommendations for the dividend payments not less than twice a year. That is why the Company’s Board of Directors has resolved to recommend an interim dividend payment. Uralkali generates stable high cash flow which allows us to return a significant part of the profit to the shareholders thus maintaining the optimal capital structure”.