Moscow,
Russia (July 2, 2014) -- United Chemical Company URALCHEM,
OJSC reports on the decisions taken by the
shareholders at the Annual General Meeting held on 30th June, 2014.
The
company's shareholders approved URALCHEM's annual report and annual
financial statements for fiscal year 2013. The shareholders decided
not to announce and pay dividends for 2013, beyond the 3.475 billion
roubles previously announced for the nine months of 2013.
The
meeting also re-elected the current Board of Directors of URLACHEM
OJSC. The board includes Dmitry Mazepin, Dmitry Tatianin, Dmitry
Konyaev, Julia Orlovskaya, Andrey Pakhomenkov, Mikhail Genkin and
independent director Petr Krupnov.
The
shareholders' approved the new edition of the articles of association
of the company, which brings it into line with changes in legislation
and specifies the responsibilities of the CEO and the Board of
Directors. The meeting approved a major deal: namely, the signing of
an additional agreement to the VTB loan to purchase shares in OJSC
Uralkali, which increased the period of availability of undrawn funds
to the end of 2014.
Dmitry
Konyaev, CEO of URALCHEM, OJSC said that in 2013 the company
demonstrated the stability of the business in difficult market
conditions. Among the main results of the year were the completion of
its own port terminal in Riga and the purchase of 19.99% of shares in
OJSC Uralkali. In 2014, the company will focus on improving business
efficiency by continuing to invest in the renovation and
modernization of its existing facilities.
Public
Relations Department
URALCHEM,
OJSC
Tel:
+7 (495) 721 89 89
URALCHEM,
OJSC is one of the largest producers of nitrogen and phosphate
fertilizers in Russia and the CIS with production capacities of over
2.8 million tonnes of ammonia, 2.5 million tonnes of ammonium
nitrate, 1.2 million tonnes of urea and 0.8 million tonnes of
phosphate and compound fertilizers per year. URALCHEM, OJSC ranks
first in Russia for production of ammonia and ammonium nitrate, and
second for the production of urea. Key production assets of URALCHEM,
OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region;
OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC
Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral
Fertilisers, OJSC in Voskresensk, Moscow region.
Some
of the information in this press release may contain projections or
other forward-looking statements regarding future events or the
future financial performance of URALCHEM. We wish to caution you that
these statements are only predictions. We do not intend to update
these statements and our actual results may differ materially from
those contained in our projections or forward-looking statements,
including, among others, the achievement of anticipated levels of
profitability, growth, cost and synergy of our recent acquisitions,
the impact of competitive pricing, the ability to obtain necessary
regulatory approvals and licenses, the impact of developments in the
Russian economic, political and legal environment, financial risk
management and the impact of general business and global economic
conditions.
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