Insider Information Policy


The aim of PhosAgro’s Regulation on Insider Information is to ensure the setting of a fair price for the Company’s
securities and equality for investors. The Regulation protects the legitimate rights and interests of shareholders and those who carry out transactions involving PhosAgro’s securities.

In order to comply with the Federal Law on Insider Trading and Market Manipulation, with international best practice, and with the requirements of the UK Financial Services Authority, in 2011 PhosAgro developed a comprehensive policy on insider information. Implementation of this policy is a key element in ensuring that the rights and interests of the Company’s shareholders and investors are respected. In particular, the Company developed a Regulation on Insider Information and a List of Insider Information, and maintains a List of Insiders.

The Regulation stipulates that an insider is a person who has the right to access insider information as part of their job description, or through an internal Company document, a contract with the Company, or a legal or regulatory requirement. PhosAgro controls insider activity by placing restrictions on the use and circulation of insider information. Those with access to insider information are advised to refrain from transactions involving the Company’s shares during the time they have access to insider information. They must notify the Corporate Secretary’s office of transactions with shares and obtain authorisation for such transactions. In the event that the Company suffers a loss due to a breach of the insider information policy, the insider is obliged to compensate the Company for the loss.