The new Regulation on Dividend Policy approved by the Board of Directors sets the amount of dividends at no less than 30% of the Company’s IFRS net profit and states that the Company shall pay dividends at least twice a fiscal year.
Chair of Acron’s Board of Directors Alexander Popov comments:
“The Dividend Policy is the principal tool ensuring direct participation in the Company’s business for all shareholders. We are committed to ensuring maximum transparency in the way that Acron distributes profit to shareholders.
“We approved our first Dividend Policy in 2007. As part of our ongoing effort to bring our corporate governance system in line with international standards, the Board of Directors resolved to strengthen the Company’s obligations to shareholders by pegging the dividend to IFRS financial performance and paying dividends twice a year.”