Buyback Programme

The Buyback Programme in respect of ordinary shares and Global Depositary Receipts reflects the Company’s belief that the creation of shareholder value over the long term requires a balanced approach to investing in organic growth and returning excess capital to shareholders whilst maintaining a robust capital structure. Share buybacks will contribute to a better reflection of underlying values in Uralkali’s share price, an improvement in EPS and an improved capital structure ensuring the Company's long-term growth. The shares are purchased for later cancellation.

Uralkali approved buyback programme to drive shareholder value

On October 6, 2011 the Company’s Board of Directors approved a buyback programme in respect of ordinary shares of Uralkali, nominal value 0.5 rubles per share ("Shares") and Global Depositary Receipts ("GDRs") representing Shares (each GDR representing 5 Shares). The aggregate amount of the Programme will not exceed US$2.5 billion that may be invested in the purchases of Shares and GDRs throughout a period between October 6, 2011 until October 6, 2012.

More details

Buyback Programme