PhosAgro shareholders approve 465 rubles per share 2022 dividend
MOSCOW. March 27 (Interfax) - Shareholders of PhosAgro voted at their annual meeting on March 24 to accept a dividend of 465 rubles per share from retained earnings, the fertilizer producer said.
The dividend record date is April 4.
A total of 60.2 billion rubles will be paid as final dividends.
PhosAgro paid dividends twice in 2022: an interim dividend of 318 rubles/share in December and a dividend of 780 rubles/share in September (this payment included the final dividend for 2021 and the interim dividend for H1 2022). A total of 142 billion rubles was allocated for payments to shareholders.
Shareholders also approved the new PhosAgro board of directors. Vladimir Trukhachev, the rector of the K.A. Timiryazev Russian Academy of Agriculture, joined the board, replacing Professor Ivan Rodionov of the Higher School of Economics (who has been on PhosAgro's board of directors almost continuously since 2004).
The remainder of the board was unchanged: the company's CEO Mikhail Rybnikov, his deputies Yury Krugovykh, Sirodzh Loikov and Alexander Sharabayko, the head the CEO's executive office Alexander Seleznev, the president of the Russian Chemists Union Victor Ivanov, RSPP Vice President Victor Cherepov, the first deputy rector of the St. Petersburg Mining University Natalia Pashkevich and the CEO of the Alliance for Sustainable Development Andrey Sharonov.
Unicon has been approved as PhosAgro's auditor for 2023.
The Guriyev family owns 48.48% of PhosAgro through a trust and directly. Another 20.6% of PhosAgro is controlled by Tatyana Litvinenko (the wife of St. Petersburg Mining University rector Vladimir Litvinenko, according to public records). The free float is 30.9%.