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Acron Holds Annual General Meeting on 26 May 2016

 The shareholder meeting approved Acron’s 2015 Annual Report, accounting (financial) statements and profit and loss distribution. Acron’s RAS net profit for 2015 was RUB 14,363 million. The shareholders resolved to pay (declare) dividends at the rate of RUB 180 per ordinary share. The total amount of dividends is RUB 7,296 million or 51% of RAS net profit. The record date is set for 14 June 2016.

The shareholders elected Acron’s Board of Directors as follows:
  1. Nikolai Arutyunov
  2. Vladimir Gavrikov
  3. Georgy Golukhov
  4. Alexander Dynkin
  5. Yuri Malyshev
  6. Alexander Popov
  7. Vladimir Sister
Three independent directors will sit on the newly elected Board of Directors – Yuri Malyshev, Vladimir Sister and Nikolai Arutyunov, who was named senior independent director. The general meeting also set the amount of remuneration to independent members of Acron’s Board of Directors.

Along with that, the shareholder meeting approved:
  • Baker Tilly Russaudit as the auditor to approve accounting (financial) statements prepared in accordance with the accounting laws of the Russian Federation
  • KPMG as the auditor to approve financial statements prepared in accordance with the International Financial Reporting Standards (IFRS).
The general meeting elected the internal audit team consisting of Valentina Aleksandrova, Elena Zubrilova, Irina Klassen, Tatiana Strigalyova and Tatiana Khrapova.

The annual general meeting approved amendments to Acron’s Charter proposed by the Board of Directors, changing the Company’s name to Public Joint Stock Company Acron. Therefore, from the date of state registration of the amended Charter and entering relevant details in the Uniform State Register of Legal Entities, the Company’s name will be changed to Public Joint Stock Company Acron.

Along with the Charter, the shareholders approved amended Regulation on Acron General Meeting, Regulation on Acron Board of Directors, Regulation on Acron Managing Board and Regulation on Acron Internal Audit Team.

The Charter and other internal documents of the Company were amended to comply with provisions of the Civil Code and Federal Law On Joint Stock Companies. The amendments to the above documents include recommendations of the Corporate Governance Code approved by the Bank of Russia for public joint stock companies.
The general meeting also resolved to approve several related-party transactions, which may be executed in future in the course of Acron’s business.

On the subsequent meeting of the newly elected Board of Directors Alexander Popov was elected Chairman of the Board of Directors, Vladimir Gavrikov was elected Deputy Chairman of the Board of Directors, Vladimir Kunitsky was appointed CEO. The Board of Directors also formed the Managing Board consisting of Vladimir Kunitsky (Chairman of the Managing Board), CEO Adviser Ivan Antonov, Senior Vice President Oscar Valters, Finance Director Alexey Milenkov, Vice President for HR and Special Projects Irina Raber and Vice President Overseas Dmitry Khabrat.