OJSC PHOSAGRO: PhosAgro GDRs to be Added to FTSE Indices on March 15
OJSC PHOSAGRO: PhosAgro GDRs to be Added to FTSE Indices on March 15 For Immediate Release 14 March 2013
PhosAgro GDRs to be Added to FTSE Indiceson March 15
Moscow - PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that the FTSE Group has decided to add PhosAgro Global Depositary Receipts (GDRs) to the FTSE Global Equity Index Series and the FTSE All World Equity Index Series effective as of the close of market trading on 15 March 2013 ( http://www.ftse.com/tech_notices/2013/Q1/77859_20130306_GEIS_Emerging_Europe_Rev iew.jsp) .
PhosAgro CEO Maxim Volkov said: "We are very pleased with the decision by FTSE Group to add our shares to these indices, which are widely used by investors around the world in building and analysing investment portfolios of securities and derivatives."
The FTSE Global Equity Index Series covers over 7,200 securities in 47 different countries and captures 98% of the world's investable market capitalisation.
The FTSE All-World Index Series is the aggregate of over 2,800 stocks from the FTSE Global Equity Index Series. It covers 90-95% of the investable market capitalisation.
For further information please contact:
+7 495 231 2747 Irina Evstigneeva, Head of Corporate Finance and Investor Relations Timur Belov, Press Officer
Sam VanDerlip email@example.com +44 (0) 20 7920 2356
Notes to Editors
PhosAgro is a leading global vertically integrated phosphate-based fertiliser producer. The Group focuses on the production of phosphate-based fertilisers, feed phosphate and high-grade phosphate rock (with P2O5 content of not less than 39 percent), as well as ammonia and nitrogen-based fertilisers.
The Group is the largest phosphate-based fertiliser producer in Europe, the largest producer of high-grade phosphate rock worldwide and the second largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also a leading producer of MCP feed phosphates in Europe, and the only producer in Russia.
PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high quality apatite-nepheline ore, representing over 75 years of production. The Group also controls substantial Al2O3 resources and has 41% of Russia's rare earth oxides resources according to the G.P. Luzin Institute of Economic Problems of the Kolskiy Scientific Centre of the Russian Academy of Sciences, 2010).
The Group's mines and phosphate rock production facilities are located in the mountainous areas of the Kola Peninsula in the Murmansk region of northwest Russia, whereas its fertiliser and feed phosphate production assets are located near the city of Cherepovets in the Vologda region and near the city of Balakovo in the Saratov region of southwest part of European Russia. PhosAgro's 2011 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.2 bln. The С ompany's net debt/EBITDA ratio was 0.43 at 31 December 2011.
For further information on PhosAgro please visit: www.PhosAgro.com
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