Fertiglobe plc

Fertiglobe Plc held its Annual General Assembly Meeting on 30 April 2024, chaired by H.E. Dr. Sultan Ahmed Al Jaber. The meeting had a quorum of 89.32% and took place at the company's head office in Abu Dhabi, with virtual attendance permitted. The assembly approved the Board of Directors' report, the external auditor's report, the standalone audited financial statements, and the consolidated audited financial statements for the financial year ended 31 December 2023. The recommendation for a cash dividend distribution of USD 200 million for the second half of the financial year was approved, bringing the total cash dividend for 2023 to USD 475 million. The payment of AED 9.71 million to the Board of Directors was also approved. The Board of Directors and auditors were discharged from liability for their 2023 activities. PriceWaterhouseCoopers was appointed as the external auditors for 2024, with a remuneration of USD 1,289,605 plus VAT.

Fertiglobe's shareholders have approved a H2 2023 cash dividend of $200 million, bringing the total 2023 dividend payout to $475 million. The firm's strong financial performance in 2023 was supported by a 5% increase in sales volumes and $25 million in savings. In December 2023, ADNOC announced plans to acquire OCI Global's majority stake in Fertiglobe, which would increase ADNOC's total ownership to 86.2%. This acquisition, subject to approvals expected in 2024, would support Fertiglobe's growth plans and focus on clean ammonia. Since its IPO, Fertiglobe has returned $2,265 million to shareholders.

The Fertiglobe Sustainability Report highlights the company's commitment to creating sustainable value for stakeholders through various strategies. Fertiglobe is a global leader in developing sustainable solutions for food security and low-carbon energy sources. The report, a part of the Fertiglobe 2023 Integrated Annual Report, covers areas such as sustainable growth, operations, product stewardship, social value, and responsible business practices. Further details can be found on the company's website.

Fertiglobe, the world's largest seaborne exporter of urea and ammonia, has published its 2023 Annual Report. The report confirms unaudited results issued in February 2024, reporting revenues of $2.4 billion and adjusted EBITDA of $1.0 billion. The company also reported an adjusted net profit attributable to shareholders of $363 million. The Board of Directors has proposed H2 2023 dividends of $200 million, pending shareholder approval. The report is available on Fertiglobe's website.

The Fertiglobe Corporate Governance Report provides an overview of the company's Board of Directors, who provide expert guidance and support for sustainable value creation. This report is part of the 2023 Integrated Annual Report, which is published on the company's website.

The Abu Dhabi Securities Exchange has announced that the Annual General Assembly Meeting of Fertiglobe PLC will be held on Tuesday, 30 April 2024, at 4 p.m. (UAE time). The meeting invitation and agenda have been published in two daily newspapers in English and Arabic on Friday, 5 April 2024. The notification also includes attachments of the AGM invitation and a disclosure regarding AGM proxies. The information has been communicated by Ms. Rita Guindy, Director of Investor Relations, and a copy has been sent to the Securities and Commodities Authority (SCA).

The Abu Dhabi Securities Exchange has released a circular resolution from the Board of Directors of Fertiglobe plc on 25 March 2024. The resolution includes the approval of the company's audited annual financial statements for the financial year ended 31 December 2023. The board has also invited the company's annual general assembly to convene on 30 April 2024 and determined its agenda. The announcement was made by Ms. Rita Guindy, Director of Investor Relations. A copy of the resolution was sent to the Securities and Commodities Authority.