OREANDA-NEWS. November 3, 2011. PhosAgro (“PhosAgro” or “the Company”) (MICEX, RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertiliser producer, announces that today its Board of Directors has called an extraordinary general meeting of shareholders (“EGM”) on 1 December 2011 to vote on payment of dividends for the first nine months of 2011, as well as a share split and related changes to the Company’s charter.  The meeting will be conducted by absentee vote and the cut-off date for shareholders eligible to participate in the EGM, and receive dividends for this period is 26 October 2011.

The Board approved a recommendation that PhosAgro pay out RUB 3,111,927 thousand from its 9M 2011 net profit, which amounts to RUB 250 per ordinary share.

Shareholders are likewise being asked to approve a share split, and necessary related changes to the Company charter, that would increase the number of PhosAgro shares and convert from 12,447,708 ordinary shares with a nominal value of RUB 25 per share to 124,477,080 ordinary shares with a nominal value of RUB 2.5 per share.  The share split coefficient is 10:1 new to old shares.

Completion of the share split will leave PhosAgro’s registered capital unchanged at RUB 311,192,700, consisting of 124,477,080 ordinary shares with a nominal value of RUB 2.5.