The shareholders at the AGM on may 31 adopted a decision on distribution of net profit for 2015 on investment and dividends. Thus, the portion of retained earnings in the amount of 7,382 billion rubles at the rate of 57 rubles per ordinary share (or 19 rubles per global Depositary receipt) will be directed for payment of the final dividend, says the company.The closure date of register of shareholders to receive dividend is established June 11, 2016.
At the annual meeting the shareholders also approved the annual report and annual financial statements for 2015, elected members of the Board of Directors and the audit Commission, has determined total amount and procedure for payment of remunerations and compensations to the members of the Board of Directors approved the transaction in which the interest exists.
As auditor of the Company according to Russian accounting standards approved FBK company, which last year performed these functions. The audit of the consolidated financial statements of the Company for FY 2016 will be carried out by ZAO “KPMG”.
“This year was one of record for the company. Since the presentation of our long-term strategy in November 2014, PhosAgro managed to achieve tangible results, contributing to the growth of its fundamental value for all stakeholders. Due to investments in modernization of industrial enterprises and projects to optimize business processes the total annual production of fertilizers increased to a record level of almost 7 million tonnes. All these factors have significantly increased the competitiveness of our company, as a priority in domestic and global market”, – said General Director of “FosAgro” Andrey Guriev in an address to the participants of the AGM.