PJSC Uralkali (the “Company”; MICEX: URKA), one of the world’s largest potash producers, announces the following decisions taken at the extraordinary general meeting of shareholders (“EGM”) in the form of absentee voting on 9 February 2016.
The EGM approved a major related-party transaction to enter into an additional agreement to an earlier intergroup loan agreement between the Company (as the borrower) and JSC Uralkali-Technology (as the lender), a subsidiary of the Company. The additional agreement increases the loan amount from USD 120 million to USD 800 million.
The EGM also approved a number of other major related-party transactions that represent intergroup loan agreements between the Company and its subsidiaries, JSC Uralkali-Technology and Enterpro Services Limited.
Uralkali (www.uralkali.com) is one of the world’s largest potash producers and exporters. The Company’s assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkali’s shares are traded on the Moscow Exchange.