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Acron Holds an Extraordinary General Meeting on 24 February 2015

 Acron’s extraordinary general meeting held in the form of absentee vote approved several related-party transactions. 

In particular, shareholders approved the purchase of additionally issued shares of JSC Acronit (Acron’s subsidiary) for up to RUB 9.1 billion. 

The general meeting also approved transactions between Acron and Agronova Europe AG for a total amount up to RUB 48 billion, which may be executed in future in normal course of business before holding an ordinary annual general meeting.