Uralkali (the Company; MICEX: URKA) informs that the open market buyback programme announced on 23 November 2015 is completed. As result of the programme, from 24 through 31 March 2016 28,944,071 Company’s shares were acquired.
Since the start of the Company’s open market buyback programme, an aggregate of 101,117,702 shares and 8,506,136 GDRs representing 4.89% of the Company’s share capital have been purchased.
As of 07 April 2016 the free float of Uralkali’s shares (including shares represented by GDRs) constitutes 8.96% of the Company’s share capital, which is below the free float requirement for the Level 1 quotation list on the Moscow Exchange.
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.