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Friday 26 August, 2011

JSC URALKALI

Uralkali Receives FSFM Permission to Increase GDR

RNS Number : 1033N
JSC Uralkali
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".


Enquiries:

Investor Relations

Anna Batarina, CFA

Head of Investor Relations and Capital Markets, Uralkali

Tel.: +7 (495) 730 2371

E-mail: anna.batarina@msc.uralkali.com

 

Media Relations

Alexey Sotskov

Head of Public Relations, Uralkali

Tel.: +7 (495) 730 2371

E-mail: alexey.sotskov@msc.uralkali.com

 

Brian Cattell / James Devas

Maitland Communications

Tel: +44 (20) 7379 5151

E-mail: bcattell@maitland.co.uk 

 

 

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.

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purposes of complying with English law and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of England.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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