Acron Announces Annual General Meeting

Moscow, RUSSIAN FEDERATION


 

22 April 2021

Acron Announces Annual General Meeting

Acron Board of Directors has resolved to hold the Annual General Meeting on 28 May 2021 as an absentee vote.

The Board of Directors considered matters related to preparing the Annual General Meeting and approved its agenda as follows:

  1. Approving Acron Annual Report for 2020
  2. Approving Acron annual accounting (financial) statements for 2020
  3. Distributing Acron profit and loss (including paying (declaring) dividends) for 2020
  4. Approving the Regulation on Acron Managing Board as amended
  5. Electing Acron Board of Directors
  6. Paying remuneration and reimbursement to members of Acron Board of Directors
  7. Approving Acron auditor

The record date for the shareholder meeting is 4 May 2021 (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, the Shareholder’s Personal Account on the Registrar website at https://lk.rrost.ru, and submitted to the central depositary not later than on 7 May 2021. It will also be available at the Company’s offices.



Media Contacts:

Sergey Dorofeev

Anastasia Gromova

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 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 seaport terminals and distribution networks in Russia and China. Acron subsidiary North Atlantic Potash Inc. (NAP) holds mining leases and an exploration permit for ten parcels of the potassium salt deposit at Prairie Evaporite, Saskatchewan, Canada. Acron also holds a minority stake (19.8%) in Polish Grupa Azoty S.A., one of the largest chemical producers in Europe.

In 2020, the Group sold 7.8 million tonnes of main products to 74 countries, with Russia, Brazil, Europe and the United States as key markets.

In 2020, the Group posted consolidated IFRS revenue of RUB 119,864 million (USD 1,661 million), with EBITDA of RUB 35,311 million (USD 489 million). Acron’s shares are traded on 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.