Acron (Veliky Novgorod) Announces Extraordinary General Meeting

22 October 2019

Acron (Veliky Novgorod) Announces Extraordinary General Meeting

Acron’s Board of Directors resolved to convene an extraordinary general meeting in the form of absentee voting on 29 November 2019.

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

1. Approving Acron’s charter as amended
2. Approving the regulation on PJSC Acron general shareholder meeting
3. Paying (declaring) dividends for 9M 2019

The record date for the persons entitled to attend the General Meeting is 5 November 2019 (end of business day).

All the information to be provided to persons entitled to attend the general 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 November 2019. It will also be available at the Company’s domicile address.

Media Contacts:

Sergey Dorofeev
Anastasiya 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 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.