Ammofos-Maxam OJSC to pay dividends on ordinary shares

Tashkent, Uzbekistan ( -- Shareholders of Ammofos-Maxam open joint stock company adopted decision to pay interim dividends for the first half of 2010. The company will direct about 774.986 million soums to payment of dividends.

According to shareholders’ decision, the company will pay 784.50 soums on ordinary shares. Total number of shares, on which dividends will be paid, makes up 987,872 units. The par value of shares is 5,000 soums.

Ammofos-Maxam open joint stock company is located in Almalyk, Tashkent region. The plant was commissioned in 1969. The enterprise is the largest producer of nitrogenous phosphatic mineral fertilizers in Uzbekistan. It meets 85% of demand of agriculture sector in phosphate fertilizers.

Spain’s Maxam Corp. acquired 49% stake in Ammofos-Maxam OJSC for US$18 million in January 2008. It also undertook investment obligation for US$30 million, which will be directed to modernization of existing capacities.

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