Update on Uralkali buyback programme

Update on Uralkali buyback programme

Uralkali (LSE: URKA; the Company) announces that pursuant to the Company’s open market buyback programme announced on 23 November 2015, the following purchases of the Company’s shares and GDRs were made during the week from 8 December through 14 December 2015:

  • 2,760,000 shares at an average price of US$ 2.63
  • 133,440 GDRs at an average price of US$ 13.08

Since the start of the Company’s open market buyback programme, an aggregate of 2,760,000 shares and 133,440 GDRs constituting 0.12% of the Company’s share capital have been purchased for the total amount of US$ 9 million.

Uralkali (www.uralkali.com) 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.