JSC URALKALI URKA Uralkali Board recommends interim dividend payment

  JSC URALKALI (URKA) - Uralkali Board recommends interim dividend payment

RNS Number : 2490P
JSC Uralkali
22 October 2012




October 22, 2012



Uralkali Board recommends interim dividend payment



Following a  meeting held  on 22  October 2012,  the Board  of Directors  (the 
"Board") of Uralkali (LSE: URKA), one of the world's largest potash producers,
announced that it has taken the following decisions:



· The Board  has resolved to  convene an Extraordinary  General Meeting  of 
Shareholders ("EGM")  in the  form of  absentee voting  on 12  December  2012. 
Shareholders registered  as at  the record  date of  6 November  2012 will  be 
eligible to participate in the EGM.



· The  Board has  recommended  that the  EGM  approve an  interim  dividend 
payment in  the amount  of RUB  4.71  per share  (approximately USD  0.77  per 
GDR^1), relating to undistributed profit  of the previous years, amounting  to 
approximately RUB 13.8  billion (approximately USD  449 million). This  equals 
approximately 53% of the Company's net IFRS profit for the six months ended on
30 June 2012.



· In  addition, the  Board has  appointed Pavel  Vakhnin as  Uralkali's  IT 
Director and a member of the Management Board starting from 5 November 2012.





^1According to the exchange rate  of Central Bank of  Russia as on 22  October 
2012, USD 1= RUB 30.78



Uralkali (www.uralkali.com) is  one of  the world's  largest potash  producers 
with a market share of about 20%. The Company's assets consist of 5 mines  and 
7 ore-treatment mills situated in the  towns of Berezniki and Solikamsk  (Perm 
Territory, Russia). Uralkali employs ca. 12,500 people (in the main production
unit). Uralkali's  shares  and GDRs  are  traded  on the  RTS-MICEX  and  LSE, 
respectively.



Enquiries:

Investor Relations

Anna Batarina, CFA
Head of Investor Relations and Capital Markets, Uralkali
Tel.: +7 (495) 730 2371
E-mail: ir@msc.uralkali.com 

Media Relations

Alexander Babinsky

Head of Public Relations, Uralkali

Tel.: +7 (495) 730 2371

E-mail: pr@msc.uralkali.com

www.facebook.com/UralkaliURKA

www.twitter.com/UralkaliNEWS



This announcement is not  intended to, and does  not constitute, or form  part 
of, an offer to sell or an  invitation to purchase, exchange or subscribe  for 
any securities in any  jurisdiction. This announcement  does not constitute  a 
prospectus or a prospectus equivalent document.

The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law and therefore any
persons who are subject to the laws of any jurisdiction other than the United
Kingdom should inform themselves about, and observe, any applicable
requirements. This announcement has been prepared for the purposes of
complying with English law and the information disclosed may not be the same
as that which would have been disclosed if this announcement had been prepared
in accordance with the laws and regulations of any jurisdiction outside of
England.

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


STRBKBDQQBDDBKB -0- Oct/22/2012 14:42 GMT
 
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