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Thursday, 21 December 2017

Acron's Board of Directors Issues Dividend Recommendation


Published: 09:22 CET 21-12-2017 /GlobeNewswire /Source: ACRON / : AKRN /ISIN: US00501T2096

Acron's Board of Directors Issues Dividend Recommendation

 21 December 2017

Acron's Board of Directors Issues Dividend Recommendation


At its meeting on 21 December 2017, Acron's Board of Directors recommended that the extraordinary general meeting to be held on 12 January 2018 pay (declare) dividends on Acron's outstanding ordinary shares (from Acron's retained earnings for previous years) of RUB 112 per ordinary share in monetary form.
Thus, Acron will allocate the total of RUB 4.5 billion to dividends.
The Board of Directors proposed to set a record date for persons entitled to dividends for 23 January 2018.

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.

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: ACRON, Prechistenka Str. 37(2), Moscow 119034, Russia
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