OREANDA-NEWS. PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that on 28 April 2015 its Board of Directors will hear Company management’s recommendations on reducing PhosAgro’s debt load and on changes to the dividend policy that would increase the amount of profit distributed as dividends.

After considering changes to the dividend policy and reviewing PhosAgro’s FY 2014 IFRS financial statements, the Board of Directors at the 28 April 2015 meeting will issue its recommendation to the Annual General Meeting of Shareholders (“AGM”) on payment of a final 2014 dividend, and will approve the AGM agenda.

The date of the PhosAgro AGM was set at today’s Board of Directors meeting as 8 June 2015.  The record date for the AGM will be 20 April 2015.  PhosAgro Board of Directors Member and Risk Management Committee Chairman Ivan Rodionov was appointed to chair the AGM.