Completion of the tender offer to purchase PJSC Uralkali’s common shares and Global Depositary Receipts
A total of 488,481,282 Common Shares and 31,363,901 GDRs representing 156,819,505 Common Shares were purchased by Enterpro pursuant to the Tender Offer, which constitutes in the aggregate approximately 21.98% of Uralkali’s issued Common Shares. The Common Shares purchased include 367,001,986 Common Shares, representing 12.5% of the issued Common Shares, tendered by Chengdong Investment Corporation. The number of Common Shares and GDRs that were purchased by Enterpro pursuant to the Tender Offer did not exceed 704,643,813 Common Shares, including Common Shares represented by GDRs, which is the maximum number of Common Shares and GDRs that could be subject to purchase in the Tender Offer pursuant to the Tender Offer Memorandum dated 25 August 2015 and the announcement issued by Enterpro on 25 September 2015.
Following completion of the Tender Offer, the number of Uralkali’s Common Shares (including Common Shares held in the form of GDRs) held by minority shareholders constitutes approximately 13.9% of Uralkali’s share capital.
Uralkali 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 and GDRs are traded on the Moscow Exchange and London Stock Exchange, respectively.