MOSCOW, May 13, 2016 /PRNewswire/ --
PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically-integrated phosphate-based fertilizer producers, announces that MSCI has included Global Depositary Receipts ("GDRs") on PhosAgro shares into the MSCI Russia and MSCI Emerging Markets indexes.
PhosAgro CEO Andrey Guryev said: "PhosAgro is the first company to be added to the MSCI Russia index in the last two years.
"We have worked hard to make PhosAgro the most efficient company in its sector, increase the liquidity of our shares and GDRs, and make the Company's investment story more attractive. PhosAgro has consistently delivered, and even over-delivered, on its promises to investors in terms of dividend payments.
"We see growing interest in PhosAgro from the investment community, which is the best measure of the effectiveness of the Company's management and the Board of Directors. It reflects our success in implementing PhosAgro's long-term strategy, as well as the Company's unique competitive advantages, the most important of which are the low cash-cost of production and the high quality of our fertilizers.
"We expect inclusion in the benchmark MSCI Russia index to enable PhosAgro to gain access to an even broader range of international and Russian investors, which will undoubtedly influence the Company's market capitalisation."
About PhosAgro :
PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P2O5 content of not less than 39%), as well as ammonia and nitrogen-based fertilizers.
The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) 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. The Company'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 fertilizer 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 2015 IFRS revenue was over USD 3.1 bln and EBITDA was USD 1.4 bln.
For further information on PhosAgro please visit: www.PhosAgro.com