30 Sep 2008 11:20
ACRON
PRESS RELEASE
ACRON EXTRAORDINARY SHAREHOLDERS MEETING APPROVES DIVIDENDS FOR H1 2008
Moscow, 30 September 2008. At the extraordinary general shareholders meeting on September 29, 2008, Acron shareholders resolved to pay (declare) dividends in the amount of RUB 80 per ordinary share for the first six months of the 2008 fiscal year. Since the Q1 dividend has already been declared (paid), the amount currently payable to shareholders is RUB 40 per ordinary share. The total dividend for the first six months is RUB 3.8 billion.
For Further Information:
Acron
Elena Kochubey - Tel: + 7 (495) 777 08 65
Head of Corporate Communications
Ilya Popov - Tel: + 7 (495) 411 55 94
Chief Expert Information and Research Department
Notes to editors
Acron is a leading Russian and global mineral fertiliser producer with a diversified product portfolio consisting of multi-nutrient fertilisers such as NPK and bulk blends, and straight nitrogen-based products such as urea, ammonium nitrate and UAN. In 2007, the Acron group's total fertiliser sales volume was 4.4 million tonnes. The Acron group's key markets are Russia, China and other fast growing developing markets of South Asia, Latin America and former Soviet Union.
The Acron group employs over 12,000 people in Russia and China. In 2007 the Acron group's consolidated revenues under IFRS were RUR 31,105 million (US$ 1,267 million), and net income was RUR 5,668 million (US$ 231 million), and for the three months ended 31 March 2008 consolidated revenues under IFRS were RUR 11,661 million (US$ 496 million) and net income was RUR 3,963 million (US$ 169 million). Ordinary shares in Acron are listed and traded on the MICEX, RTS and LSE stock exchanges under the symbol "AKRN".
The Acron group has three production facilities - Acron (Veliky Novgorod, Russia), Dorogobuzh (Smolensk Region, Russia) and Hongri Acron (Shandong Province, China). The Acron group's logistics and transportation capabilities include its own fleet of railway cars and three sea port trans-shipment facilities on the Baltic Sea - at the Kaliningrad port of Russia, at the Estonian Sillamäe port and at the Estonian Tallinn port. The Acron group operates distribution networks in Russia and China.
Acron plans to enhance its vertical integration and secure supplies of phosphate and potash inputs through the development of its own mineral resource base. The Acron group owns licences to develop two apatite-nepheline ore deposits in the Murmansk region and a potassium-magnesium salts deposit in the Perm region (both located in Russia).