Uralkali Approves Dividend Payment
OREANDA-NEWS. June 13, 2012. Uralkali (LSE: URKA), one of the world’s largest potash producers, held its Annual General Meeting (AGM) in the town of
Uralkali’s shareholders approved a dividend payment of RUB 4.00 per share and about USD 0.61 per GDR1. The amount of dividend payment will total RUB 12.38 billion (ca.USD 378 million1).
Uralkali AGM also elected its Board of Directors. Four independent non-executive directors joined the Board, including newly appointed Gordon Holden Sage, who has extensive experience in the mining industry, Alexander Voloshin, Sir Robert John Margetts and Paul James Ostling. The new Board also includes Anton Averin, Anna Kolonchina, Alexander Malakh, Alexander Mosionzhik, and CEO Vladislav Baumgertner.
The AGM approved the Company’s 2011 Annual Report and financial statements. In addition, PricewaterhouseCoopers were approved as auditor of Uralkali’s 2012 IFRS statements and BAT-Audit as auditor of Uralkali’s 2012 Russian GAAP statements. The AGM also elected the Internal Audit Commission and approved the new edition of the Company’s Charter.
Vladislav Baumgertner, Uralkali CEO, commented:
“Uralkali continues to focus on its investor-orientation and delivering corporate governance standards in line with international best practices. The Board of Directors plays an active role in the growth and stewardship of the Company and is constantly seeking ways to further optimize the balance of professional knowledge and skills represented within the Board. Accordingly, we are pleased to welcome a fourth independent non-executive director to the Board and look forward to working with Gordon Sage and the other Board Directors in the interests of all shareholders”.