Press releases | PJSC Uralkali
  • Eng

Update on Uralkali buyback programme

12.09.2016

Uralkali (the Company; MICEX: URKA) announces that pursuant to the Companys open market buyback programme announced on 18 May 2016, from 08 through 09 September 2016 7,688,982 Companys shares were acquired.

Since the start of the Companys open market buyback programme, an aggregate of 74,006,429 shares and 1,215,191 GDRs constituting 2.73% of the Companys share capital have been purchased.

As of 12 September 2016 Uralkalis free float (including shares represented by GDRs) constitutes 6.23% of the Companys share capital.

Pursuant to the Moscow Exchange Listing Rules, if for six consecutive months the free float in common shares remains below 7.5% of the Companys share capital, the Companys common shares will be excluded from the Level 1 quotation list and will be eligible only for the Level 3 quotation list. This listing level downgrade may have a material adverse effect on the trading price and liquidity of the Companys common shares.

Uralkali (www.uralkali.com) is one of the worlds largest potash producers and exporters. The Companys assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkalis shares are traded on the Moscow Exchange.

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