RNS Number : 1033N
26 August 2011
August 26, 2011
Uralkali Receives FSFM Permission to Increase GDR Programme
Uralkali (LSE: URKA), one of the world's largest potash producers, has received a permission from the Federal Service for Financial Markets of the Russian Federation ("FSFM") for the circulation of 157,586,376 of its shares overseas. The Company, therefore, currently holds a permission to trade overseas 773,659,476 shares, representing 25% of Uralkali's total listed ordinary shares.
The FSFM permission regards 1-01-00296-A share issue dated 16.01.2004, as well as 1-01-00296-A-004D and 1-01-00296-A-005D additional share issues dated 28.04.2011.
Prior to this FSFM decision, Uralkali had a permission to deposit into its GDR programme up to 616,073,100 shares, representing 19.9% of its share capital.
Vladislav Baumgertner, Uralkali CEO, commented:
"Being a public company, we seek to provide access to our shares to the maximum range of investors. We hope that the increase of our GDR programme up to 25% of the share capital as well as our constant improvements in the fields of transparency and corporate governance will contribute to the increased liquidity of our shares and investment attractiveness".
Anna Batarina, CFA
Head of Investor Relations and Capital Markets, Uralkali
Tel.: +7 (495) 730 2371
Head of Public Relations, Uralkali
Tel.: +7 (495) 730 2371
Brian Cattell / James Devas
Tel: +44 (20) 7379 5151
This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase, exchange or subscribe for any securities in any jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.
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