JSC URALKALI (URKA) - Uralkali Board recommends interim dividend payment
RNS Number : 2490P
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,
Anna Batarina, CFA
Head of Investor Relations and Capital Markets, Uralkali
Tel.: +7 (495) 730 2371
Head of Public Relations, Uralkali
Tel.: +7 (495) 730 2371
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
This information is provided by RNS
The company news service from the London Stock Exchange
STRBKBDQQBDDBKB -0- Oct/22/2012 14:42 GMT
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