Acron Announces Annual General Meeting

24 Apr 2019 11:49

Acron Announces Annual General Meeting

24 April 2019

Acron Announces Annual General Meeting

Acron Board of Directors has resolved to convene its annual general meeting on 30 May 2019 at 9:30 am at Acron Cultural Centre (22a Lomonosov Street, Veliky Novgorod, Russian Federation).

The Board of Directors considered matters related to the annual general meeting preparation and approved its agenda as follows:

Approving Acron Annual Report for 2018Approving Acron annual accounting (financial) statements for 2018Distributing Acron profit (including paying (declaring) dividends) and loss for 2018Electing Acron Board of DirectorsPaying compensation and reimbursement to members of Acron Board of DirectorsApproving Acron auditorElecting Acron Internal Audit Team

The record date for the annual general meeting is 6 May 2019 (end of business day).

All the information to be provided to persons entitled to attend the shareholder meeting, including Board of Directors recommendations on dividend amount, will be made available on the corporate website and submitted to the central depositary not later than on 8 May 2019. It will also be available at the Company’s offices.

Media contacts:

Sergey DorofeevAnastasiya GromovaTatiana SmirnovaPublic RelationsPhone: +7 (495) 777-08-65 (ext. 5196)

Investor contacts:Ilya PopovInvestor RelationsPhone: +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 the Smolensk region (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (North-Western Phosphorous Company, NWPC) and is implementing a potash development project in Perm Krai (Verkhnekamsk Potash Company, VPC). It owns 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 licences 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 2018, the Group sold 7.3 million tonnes of various products to 67 countries, with Russia, Brazil, Europe and the United States as key markets.

In 2018, the Group posted consolidated IFRS revenue of RUB 108,062 million (USD 1,723 million) and net profit of RUB 13,318 million (USD 212 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 approximately 11,000 people.

For more information about Acron Group, please visit www.acron.ru/en.