12 S eptember 2017
Acron's Shareholders Approve Dividends
Acron (Veliky Novgorod) summed up the results of its extraordinary general meeting held on 8 September 2017 in the form of absentee voting. The shareholders approved distribution of part of Acron's profit for previous years proposed by Acron's Board of Directors.
Dividends on Acron's outstanding ordinary shares will amount to RUB 235 per share. The record date for persons entitled to dividends is set for 26 September 2017. The total amount allocated for dividends is RUB 9.5 billion.
Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China.
In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets.
In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people.
For more information about Acron Group, please visit www.acron.ru/en .