19 May 2004 07:44
APATIT DIRECTORS RECOMMEND 4.4-RUBLE DIVIDENDS FOR 2003
ST. PETERSBURG. May 19 (Interfax) - The board of directors at Murmansk-based phosphates producer Apatit has
recommended that company shareholders endorse dividends for 2003 of 4.4 rubles per preferred share, but none for common
stock.
Apatit paid the same preferred-stock dividends for 2002, but none for the company's common stock. The
stockholders have their annual meeting on June 30, and will vote on the usual agenda items.
Apatit is part of the holding Fosagro, along with Ammofos (Vologda
region), Voskresenskiye Mineral Fertilizers (Moscow region),
Apatit is one of the largest producers of phosphates for making mineral fertilizers. It works the Khibinsky
apatite-nepheline ore deposits, increasing output 2.7% to 28 million tonnes in 2003.
The company's charter capital is 2,079,017 rubles split into 6,273,052 common and 2,079,016 preferred shares
with par value of 0.25 rubles.
Balakovskiye Mineral Fertilizers (Saratov region) and the Samoilov Scientific Research Institute for Fertilizers and
Insecto-fungicides (Moscow). The company's largest shareholders are Russian Investors (80%) and Nordic Rus Holding
(7.7%).
[Interfax] |
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