5 December 2017
Acron (Veliky Novgorod) Announces Extraordinary General Meeting
Acron's Board of Directors resolved to convene an extraordinary general meeting in the form of absentee voting on 12 January 2018.
In accordance with the approved agenda, the general meeting is to consider distribution of Acron's retained earnings for previous years (including payment (declaration) of dividends).
The recommendations of the Board of Directors on dividend amount and record date will be considered and disclosed on or before 22 December 2017.
The record date for the list of persons entitled to attend the extraordinary general meeting is end of day 18 December 2017.
Media contacts:
Tatiana Smirnova
Public Relations
Phone: +7 (495) 777-08-65 (ext. 5196)
Investor contacts:
Ilya Popov
Investor Relations
Phone: +7 (495) 745-77-45 (ext. 5252)
Background Information
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 is implementing a potash development project in Perm Krai (VPC). It has a wholly owned transportation and logistics infrastructure, including three Baltic port terminals and distribution networks in Russia and China. Acron's subsidiary, North Atlantic Potash Inc. (NAP), holds mining licenses for 11 parcels of the potassium salt deposit at Prairie Evaporite, Saskatchewan, Canada. Acron also holds a minority stake (19.8%) in Polish Grupa Azoty, one of the largest chemical producers in Europe.
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 IFRS revenue 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.