Press releases | PJSC Uralkali
  • Eng

Completion of Uralkali buyback programme

20.09.2016

Uralkali (the Company; MICEX: URKA) informs that the open market buyback programme announced on 18 May 2016 is completed. From 10 through 19 September 2016 18,166,367 Companys shares were acquired.

Since the start of the Companys open market buyback programme, an aggregate of 92,172,796 shares and 1,215,191 GDRs representing 3.35% of the Companys share capital have been purchased.

As of 20 September 2016 the free float of Uralkalis shares (including shares represented by GDRs) constitutes 5.61% of the Companys share capital, which is below the free float requirement for the Level 1 quotation list on the Moscow Exchange.

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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