London Stock Exchange welcomes Phosagro Celebrating 5 years since Listing
PhosAgro is one of the world’s leading vertically-integrated phosphate-based fertilizer producers, whose shares are traded on the Moscow Exchange and London Stock Exchange (ticker: PHOR), today marked the fifth anniversary of the listing of its Global Depositary Receipts (“GDRs”) on the London Stock Exchange (“LSE”). On 1 June 2016, PhosAgro’s GDRs were included in the MSCI Russia and MSCI Emerging Markets indexes.
PhosAgro is one of world’s largest phosphate-based fertilizer producers and high-grade phosphate rock (P2O5 content of not less than 39%). The Company is the largest phosphate-based fertilizer 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’s main products include phosphate rock, 33 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 100 countries spanning all of the world’s inhabited continents. The Company’s priority markets outside of Russia and the CIS are Latin America, Europe and Asia.
PhosAgro CEO Andrey Guryev said: “PhosAgro’s IPO in 2011 marked one of the most important milestones in our 15-year history. We achieved much more than simply a successful listing: we have improved nearly every aspect of our operations, while embracing global best practices for public companies. We now have investors from all over the world who share their ideas and experience with us.
“Since its IPO, PhosAgro has always been and will remain open to the investment community, and we will continue to adhere to the strict requirements and best market practices for London listed companies. I view this not only as a serious responsibility, but as being key to creating long-term value for our shareholders and all of our stakeholders.”