• Eng

Uralkali Announces Decisions of EGM


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 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 Region, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkalis shares are traded on the Moscow Exchange.

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