Acron Board of Directors Issues Recommendation on Dividend Amount
7 September 2021
Acron Board of Directors Issues Recommendation on Dividend Amount
Acron Board of Directors meeting, which took place on 7 September 2021, issued recommendation to the extraordinary general meeting to be held as absentee vote on 29 September, to pay (declare) dividends on Acron shares from retained earnings accumulated over previous years in cash at the rate of RUB 30 per share. Thus, the Company will allocate a total of RUB 1,103 million for dividend payment.
The Board of Directors proposed to set a record date for persons entitled to dividends for 11 October 2021.
Media Contacts:
Sergey Dorofeev
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Tatiana Smirnova
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Phone: +7 (495) 777-08-65 (ext. 5196)
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Investor Relations
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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 its 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.
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